CoinWorld News reports that Keio Macro stated in a report that if this ceasefire ultimately leads to an end to the war, the impact on risk appetite among U.S. market investors will be minimal, and investors' risk preferences have not undergone a substantial change. Keio Macro's Asia-Pacific Market Director pointed out that although market sentiment has improved after the ceasefire, uncertainties still remain, such as unresolved issues like how the Strait of Hormuz will reopen. Keio Macro indicated that this may reflect the market's belief that the Trump administration is willing to avoid escalation under market pressure. Nevertheless, analysts warn that deeper geopolitical divisions may be structural, supporting a broader re-pricing of risks in the medium term.