Trump hosts Zelensky for talks

• It was a quiet night for financial markets, with no tier-one data releases. Instead, geopolitics dominated headlines following President Trump’s meeting with President Putin.
• Trump noted he is looking to set up a trilateral discussion with Russia and Ukraine, after hosting Volodymyr Zelensky at the White House to explore potential steps toward a peace deal.
• Closer to home, bond markets are on the move this morning, with 3-year futures yields lifting from 3.37% to 3.42% and the 10-year rising from 4.28% to 4.34%.
• The key local release today will be the August Westpac-MI consumer sentiment survey, expected to show an upwards gain as households respond to the RBA’s recent rate cut.