Financial markets traded in a narrow range, with global equities holding near record highs, after Donald Trump’s meeting with Ukraine’s president and European leaders ended with a call for a summit with Russia.
European equity-index futures gained 0.2% as leaders of the US, Ukraine, Europe and NATO touted progress on peace talks to end the war in Ukraine.
Oil slipped 0.7% amid speculation that a ceasefire could lead to more Russian supply. Asian shares were flat while stocks in mainland China held near their decade-high level.
Japanese government bond futures extended losses after sale of a 20-year government debt drew weak demand.
Contracts for US stocks fell 0.1% and Treasuries were steady after S&P Global Ratings affirmed its AA+ long-term rating for the US, as well as its A-1+ short-term rating.
A gauge of the dollar was little changed. Markets were cautiously optimistic on the Ukraine peace process after Trump urged Vladimir Putin to begin planning a summit with Volodymyr Zelenskiy.
Investors face a pivotal week as the Federal Reserve’s annual Economic Policy Symposium kicks off Thursday in Jackson Hole, Wyoming, potentially offering signals on the path of interest rates.
