Market Ripples: Global Stocks Waver Amid Ukraine Talks and Fed Spotlight
Global stock markets reacted to recent White House talks on the Ukraine conflict and anticipation of the Federal Reserve's symposium. While European stocks rose, U.S. markets saw declines with concerns over interest rates and economic outlook. The energy market also adjusted amid talks of easing sanctions on Russian oil.
Wall Street faced declines while European equities managed gains as traders reflected on recent discussions at the White House about the ongoing Ukraine war. President Donald Trump expressed hopes for a resolution with Russia's Vladimir Putin, but acknowledged the complexities involved in reaching an agreement.
In the United States, discussions with Ukraine's President Volodymyr Zelenskiy highlighted security guarantees, yet details remained vague. The S&P 500 dipped 0.6%, impacted by losses in Nvidia and other AI stocks, while the Nasdaq dropped 1.5%. Although the Dow Jones experienced fluctuations, it closed nearly unchanged after a brief peak.
European markets, represented by the STOXX600 index, rose by 0.7% but saw limits due to declines in defense stocks following profit-taking activities. In contrast, oil prices saw a reduction as energy markets speculated on potential progress in Ukraine talks leading to easing sanctions on Russian crude. Meanwhile, all eyes are on the Federal Reserve's upcoming symposium, where Chair Jerome Powell's address might shape future interest rate policies.
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