Asian stocks advanced as investors awaited Donald Trump’s talks with Ukrainian President Volodymyr Zelenskiy, after the summit with Russia concluded without escalating geopolitical tensions.
The MSCI Asia Pacific Index rose 0.4%, led by gains in China and Japan while South Korea lagged. Futures for European shares advanced 0.2% and those for the S&P 500 gained 0.1%. A gauge of Shanghai-listed stocks is set for its highest close in a decade.
Indian shares jumped 1.5%, the most in more than three months, on plans to cut the consumption tax for the first time since it was introduced nearly a decade ago.
Crude oil fluctuated as supply-disruption concerns eased. A gauge of the dollar was flat. Treasuries inched higher with the yield on the 10-year sliding one basis point to 4.30%. Gold rose 0.6% and cryptocurrencies fell.
Investors will turn their attention to the Trump-Zelenskiy talks Monday for clues on where the markets head next after the summit with Vladimir Putin ended without any new sanctions on Russia or buyers of its crude.
