<h1>Markets react cautiously ahead of US-Russia summit with potential sanctions and energy rule changes</h1> Global financial markets showed mixed performance ahead of a scheduled meeting between the US and Russian presidents, with potential legal implications for international sanctions and energy regulations depending on the meeting's outcome. Key indices in the US, Europe, and Asia experienced varied movements, reflecting investor uncertainty. The US is set to release inflation data, which may influence Federal Reserve monetary policy decisions, including potential interest rate cuts. The Federal Reserve's cautious stance on rate adjustments is influenced by concerns over inflation and trade tariffs. Currency fluctuations were noted, particularly involving the Japanese yen and US dollar, linked to differing national monetary policies. The meeting's results could affect the enforcement or relaxation of sanctions against Russia, impacting global energy markets and international trade law.