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Global stocks predominantly gain following Trump’s discussions with Putin today

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Global stocks predominantly gain following Trump’s discussions with Putin today
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TOKYO — On Thursday, global stock markets saw an uptick following an agreement between U.S. President Donald Trump and Russian President Vladimir Putin to initiate discussions aimed at resolving the ongoing conflict in Ukraine.

In early trading, France’s CAC 40 increased by 1.0%, reaching 8,122.96, while Germany’s DAX surged 1.2% to settle at 22,418.16. Conversely, the FTSE 100 in Britain experienced a decline of 0.8%, remaining at the same 22,418.16 figure.

Traders in the U.S. appeared to hold a cautious outlook as Dow futures dipped by less than 0.1% to 44,442.00. Similarly, S&P 500 futures experienced only a slight decrease, falling marginally to 6,070.25, also down by less than 0.1%.

The potential for Trump to temporarily suspend certain tariffs he has instituted sparked hopeful sentiments in Asian markets. This positive shift occurred despite a downturn on Wall Street the previous day, attributed to a report indicating worsening inflation for American consumers.

In Japan, the Nikkei 225 index rose by 1.3%, closing at 39,461.47. The S&P/ASX 200 in Australia saw a modest gain of nearly 0.1%, finishing at 8,540.00, while South Korea’s Kospi climbed by 1.4% to 2,583.17. However, Hong Kong’s Hang Seng index surrendered early gains, retreating 0.2% to 21,814.37, and the Shanghai Composite index also fell by 0.4%, wrapping up at 3,332.48.

In the oil sector, prices continued to decrease following Trump’s announcement about engaging in “negotiations” with Russia over the Ukrainian conflict, which could potentially ease the global flow of crude oil. As a result, benchmark U.S. crude oil decreased by 83 cents, reaching $70.54 per barrel, while Brent crude fell by 84 cents to settle at $74.34.

In the currency market, the U.S. dollar slipped to 154.00 Japanese yen, down from the previous value of 154.31 yen. Meanwhile, the euro rose slightly to $1.0425, marked as an increase from its earlier rate of $1.0386.