U.S. and EU stock futures are rising on hopes for a peace agreement between Ukraine and Russia, amid inflation concerns that may affect Federal Reserve rate decisions. Detailed insights on currency and commodity markets follow.
Stock Markets Rally
U.S. and European markets show positive trends amid expectations for a peace deal between Ukraine and Russia. EUROSTOXX 50 futures rose 1%, Nasdaq up 0.4%, and Japan's Nikkei climbed 1.1%.
Impact of Geopolitical and Economic Factors
Following U.S. President Donald Trump's pledge to impose reciprocal tariffs, gold prices hold at record levels at $2,902 per ounce. Barclays analysts still foresee a Fed rate cut this year but caution about scenarios without changes.
Currency Positions and Commodity Markets
The Japanese yen faced pressure from rising U.S. yields, with the dollar at 154.52 yen. The euro strengthened to $1.0392 amid Trump's talks with Putin and Zelenskiy. Oil prices decline: U.S. crude down 0.7% at $70.88 per barrel and Brent down 0.7% at $74.66. Meanwhile, Asian shares like Hang Seng rose by 1%.
Despite upbeat market sentiment, analysts remain cautious about complex negotiation positions regarding Ukraine's NATO aspirations and trust in Russia.
