Global shares mostly rose yesterday after U.S. President Donald Trump agreed with Russian leader Vladimir Putin to start talks about ending the war in Ukraine.
U.S. shares were set to be little changed with Dow futures slipping less than 0.1% to 44,442.00. S&P 500 futures declined were also little changed, inching down less than 0.1% to 6,070.25.
The possibility that Trump may pause some of the tariffs he has announced was a cause for optimism in Asian markets.
Japan’s benchmark Nikkei 225 jumped 1.3% to finish at 39,461.47. Australia’s S&P/ASX200 added nearly 0.1% to 8,540.00. South Korea’s Kospi gained 1.4% to 2,583.17. The Hang Seng lost earlier gains to drop 0.2% to 21,814.37, while the Shanghai Composite edged down 0.4% to 3,332.48.
Oil prices continued an overnight decline that came after Trump said he had agreed with Russia’s president to begin “negotiations” on ending the war in Ukraine. Such a move could free up the global movement of crude.
In energy trading, benchmark U.S. crude fell 83 cents to $70.54 a barrel. Brent crude declined 84 cents to $74.34.
In currency trading, the U.S. dollar fell to 154.00 Japanese yen from 154.31 yen. The euro cost $1.0425, up from $1.0386. MDT/ap
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