Russia launched air strikes overnight on Kyiv, with air defence systems engaged in repelling the attack, Ukrainian authorities said late on Monday.

He wanted to overthrow the pro-Western government and return Ukraine to Russia's sphere of influence. Putin failed, but more than three years on a fifth of Ukrainian territory is in Russian hands, and the US - until recently Ukraine's strongest ally - has paused aid under President Donald Trump and blamed Ukraine for starting the war.

Now America is attempting to force a resolution to the war, investors must try to gauge the consequences of its success or failure. The most obvious shifts have been in the markets for European assets,