US President Donald Trump’s meeting with Ukrainian President Volodymyr Zelenskyy and European leaders is causing mixed reactions in global markets. The upcoming meeting, which also involves other European leaders who weren’t part of Trump’s talks with Russian President Vladimir Putin, aims to present a united front on safeguarding Ukraine.
Asian markets showed a more positive reaction, with Japan’s Nikkei 225 gaining 0.8% and the Shanghai Composite index jumping 1%. In contrast, European markets were less enthusiastic, with Germany’s DAX down 0.2% and Britain’s FTSE 100 little changed.
The upcoming annual meeting of top central bankers in Jackson Hole, Wyoming, is also generating interest, particularly regarding possible interest rate cuts from Federal Reserve Chair Jerome Powell. Expectations of a potential rate cut have been building, but mixed economic data has raised questions about the Fed’s intentions.
US benchmark crude oil rose 7 cents to $62.87 per barrel, while the US dollar strengthened against other currencies. The euro slipped to $1.1682 from $1.1703.
Source: https://abcnews.go.com/Business/wireStory/asian-shares-gain-eyes-turn-meetings-white-house-124734381