Before US President Donald Trump meets with Ukrainian President Volodymyr Zelenskyy and other European leaders later Monday afternoon, global stocks are trading in a range of positions.
Trump’s disappointing summit meeting with Russian President Vladimir Putin on Friday elicited no response from markets. Additionally, investors are anticipating clues from a top central bankers’ annual summit later this week in Jackson Hole, Wyoming.
Germany’s DAX fell 0.2% to 24,303.26 in early European trading, while the Paris-based CAC 40 fell 0.5% to 7,881.74. The FTSE 100 in Britain barely moved, closing at 9,137.31.
Both the Dow Jones Industrial Average and the S&P 500 futures saw a 0.1% decline. The S&P 500 dropped by 0.3% on Friday. The Nasdaq composite fell 0.4%, but the Dow industrials increased by 0.1%. Due to strong selling of semiconductor manufacturers including Samsung Electronics, whose shares plummeted 2.2%, the South Korean Kospi sank 1.5% to 3,177.28. As investors worried about the prospect of more US computer chip tariffs, SK Hynix saw a 3.3% decline.
In other transactions early Monday, Brent crude, the global standard, increased 3 cents to $65.88 per barrel, while US benchmark crude oil increased 7 cents to $62.87 per barrel. The value of the US dollar increased from 147.18 to 147.37 Japanese yen. The euro fell from $1.1703 to $1.1682.
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