European shares rise on Fed rate cut hopes
advanced on Wednesday, with technology and defence
stocks
leading gains, as global mood remained buoyant after tame U.S.
inflation
data cemented expectations of interest rate cuts by the Federal Reserve.
The pan-European STOXX 600 index rose 0.4%, as of 0704 GMT, with Germany's blue-chip DAX up 0.6% after dipping in the previous session.
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Global stocks rallied and Wall Street closed at record highs as traders priced in a 94% chance of a Fed rate cut in September, according to the CME FedWatch tool.
Meanwhile, leaders from Europe and Ukraine are set to speak to U.S. President Donald Trump later in the day ahead of his summit with Russian President Vladimir Putin.
TUI rose 1.7% after Europe's largest tour operator posted better-than-expected results as summer travel proved to be resilient.
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E.ON reported a bigger first-half core profit and maintained its full-year outlook with Europe's largest energy grids operator calling on Germany to raise future returns on grid investments.
Shares
were marginally up.
Vestas fell 1.8% after the wind turbine maker reported a smaller-than-expected rise in operating profit for the second quarter but maintained its fiscal-year financial outlook.
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Time of India
28 minutes ago
- Time of India
August 16, 2025, Birthday Forecast: Discover what the next 12 months hold for you
Happy Birthday! Your birth date has brought you here, so let us have a deep insight into what your numbers hold for you in the upcoming 12 months. Personal year For the next 12 months, you will be under the influence of Number 6, which is ruled by Shukra Dev. Let us dive into what the next 12 months hold for you Career & Finance For people born on 16 August , Your career path will undergo significant change this year, and you will need to strike a balance between ambition and flexibility. You can be given complex issues that require your whole focus or new leadership chances between August and December 2025. During this time, Saturn's influence pushes you to establish your knowledge and take your duties seriously. A significant change or restructuring may take place if you work for a corporation; people who exhibit emotional intelligence and strategic thinking will be given preference. The fourth quarter of 2025 might be the best time for entrepreneurs to restructure or increase their offers. In terms of finances, stability rather than windfalls is the main focus of the first half of the projected period. Discipline with the budget is crucial, particularly around November 2025. There is a chance for a raise, a new source of income, or benefits from prior work between March and July 2026. Prioritize long-term financial security and exercise caution when making risky investments. Relationships For people born on 16 August , This year, relationships undergo an emotional makeover. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 3–6 BHK luxury residences at Address by GS S3 Raymond Realty Learn More Undo Your romantic life may need more patience in the second half of 2025, particularly if you're coping with unfulfilled expectations or changing dynamics. If you're serious, harmony will require open communication and common objectives. A relationship that starts around December 2025 or April 2026 for single people may be karmic in nature—meaningful, profound, and emotionally enlightening. Don't, however, jump into undefined commitments. Between January and March 2026, family issues become more pressing; you may need to mediate conflicts or offer emotional support to family resurgences of friendships may occur, particularly with people from your past or school days. By the summer of 2026, mutual respect will be the cornerstone of your relationships, which will feel more genuine and anchored. Health For people born on 16 August , This year, you are encouraged to take a more proactive and comprehensive approach to your health. If boundaries are not upheld, the stress of taking on more duties at work could result in exhaustion or burnout. Particularly from October 2025 to January 2026, emphasis must be paid to musculoskeletal balance and digestive health, particularly with regard to the spine and shoulders. It's critical to establish a long-term wellness regimen that include stress reduction, sleep control, and physical meditation, or just spending time alone can all help you refuel. Mental health also requires care. The months of April through June 2026 are ideal for detoxing, experimenting with complementary therapies, or making big dietary adjustments. You should feel more in charge of your energies and more in tune with your body's requirements by July 2026. Travel For people born on 16 August , In the upcoming year, travel will be both practical and motivating. Short business trips or location changes related to work are anticipated between September and November 2025. These could lead to future learning opportunities or collaborations. Early in 2026 is a good time for a more introspective or spiritual travel; around February and March, you might find yourself drawn to locations that promote healing or introspection. May and June 2026 are the best months to arrange an international trip, especially if it includes training, education, or cultural immersion. When traveling in the winter, be mindful of your health, particularly if your habit or climate is drastically altering. During this cycle, travel frequently results in tremendous new perspectives and inner clarity. You Share Your Birthday With Saif Ali Khan , Arvind Kejriwal , Mahesh Manjrekar , David Dhawan , Sonam Bajwa. Discover everything about astrology at Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces . Read your detailed Horoscope Today and Horoscope Tomorrow here.
Indian Express
an hour ago
- Indian Express
No Trump-Putin deal in Alaska, India faces tough choices: Here's why
If India was counting on a clear and positive outcome from the Alaska summit to avert the additional 25 per cent US tariff on Indian exports, Donald Trump and Vladimir Putin did not deliver — at least not by last night. The failure to reach an agreement leaves a dark cloud of uncertainty over India's trade negotiations with Washington. Despite a warm welcome from President Trump and President Putin's friendly references to America, the two leaders could not bridge their differences on Ukraine. At their joint press appearance, Putin spoke of an important 'agreement' emerging from the talks, while Trump claimed 'considerable progress' but confirmed there was no deal. 'There are just a very few [sticking points] left,' Trump said. 'Some are not that significant. One is probably the most significant — but we have a very good chance of getting there,' he added, without identifying the issues. He promised to brief Ukrainian and European leaders on his discussions with Putin. Putin, for his part, expressed hope that US allies would not undermine any understandings reached with Trump. His emphasis remained on improving bilateral ties with Washington while holding firm to Russia's core positions on the war. He noted that Russia and the US are neighbours across the Northern Pacific, evoked their wartime cooperation during the Second World War, and highlighted the potential for broad commercial and strategic engagement. Trump has invested significant political capital in building a partnership with Moscow. Yet deep divisions persist within his own administration and across the Atlantic on the terms of peace and reconciliation with Russia. European allies remain wary of any settlement that might reward Moscow's aggression, while Trump has been pushing for a breakthrough that he can claim as a foreign policy success. India's immediate concern lies in the punitive measures Trump has tied to his Ukraine strategy. As part of the effort to pressure Putin into accepting a ceasefire, Washington announced an additional 25 per cent tariff on Indian exports — explicitly linked to Delhi's continued purchase of Russian oil. Since the 2022 invasion, India has become a major buyer of discounted Russian crude, a move that has improved its energy security but drawn sharp criticism from the West. The US administration argues that targeting India, among other large importers, will cut into Moscow's revenues and push it toward compromise in Ukraine. On the eve of the summit, US Treasury Secretary Scott Bessent warned that more tariffs could follow if no peace deal emerged. He urged Europe, which imports refined petroleum products from India, to join Washington in imposing severe sanctions on countries still trading extensively with Russia. Meanwhile, a major bill moving through Congress would authorise the president to impose tariffs of up to 500 per cent on states helping sustain Moscow's war economy. As Delhi awaits clarity on the summit's outcome, the trajectory of the Ukraine talks, and the next steps in Washington, one conclusion is hard to avoid: India's appetite for cheap Russian oil over the last three years has bound it, however indirectly and unwittingly, to the geopolitics of war and peace in Ukraine. The Modi government now faces a difficult calculation — how much political and economic cost it is prepared to bear to maintain the Russian oil connection. (C Raja Mohan is a contributing editor on international affairs for The Indian Express)
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Business Standard
an hour ago
- Business Standard
Talks with Putin 'productive' but no Ukraine peace deal yet, says Trump
US President Donald Trump hailed his meeting with Russian President Vladimir Putin as 'extremely productive' but confirmed that no final agreement had been reached to end the war in Ukraine. Speaking in Anchorage, Alaska, after the talks, Trump said there was 'a very good chance' of bridging the remaining differences but insisted he would consult Nato allies and Ukrainian President Volodymyr Zelenskyy before committing to any deal. 'There's no deal until there's a deal,' Trump remarked, highlighting that while many points had been agreed, one significant sticking point remained unresolved. Putin, who addressed the event first, described the discussions as 'constructive' and suggested they had covered a broad agenda. He mentioned potential cooperation in trade, Arctic development, and space exploration, alongside talks on Ukraine. Longest face-to-face meeting yet The session, lasting more than two and a half hours, was the longest personal exchange between the two leaders, surpassing their 2018 Helsinki summit. Despite the extended discussions, neither offered clarity on the points of agreement, leaving European capitals and Kyiv uneasy about the possibility of being sidelined in a future settlement. Analysts noted the deliberate lack of detail. Samuel Charap, a senior political scientist at the RAND Corporation, described the encounter as 'a lot of upbeat vibes with very little by way of specifics.' He added that Trump appeared disciplined in sticking to pre-agreed talking points and avoiding disclosures. A carefully orchestrated encounter Friday's summit began with high symbolism. Putin's arrival marked his first visit to the US in nearly a decade. Trump greeted him warmly on the tarmac in Alaska, shaking his hand, patting his arm, and engaging in light conversation. A B-2 bomber flyover served as a show of US military strength, yet the two leaders soon departed together in the presidential limousine. The ride offered an unplanned opportunity for private conversation, despite earlier White House statements that the summit would take place in a 'three-on-three' format with aides present. That dynamic gave Putin direct access to Trump before the formal talks began. Assurances to allies Ahead of the meeting, Trump publicly assured Nato members and Ukraine that he would not negotiate territorial swaps or security guarantees without their consent. 'I've got to let Ukraine make that decision,' he said, emphasising that his goal was to bring both sides to the table rather than dictate terms. For Putin, the meeting was a platform to attempt a reset in US-Russia relations and to explore the possibility of sanctions relief. The Russian leader, however, maintained maximalist territorial demands and refused to halt military operations, confident in his forces' slow but steady battlefield advances. Invitation to Moscow Putin closed the event by inviting Trump to Moscow for their next meeting. The US president responded cautiously, but did not rule out the prospect. 'I'll get a little heat on that one,' Trump said with a smile, 'but I could see it possibly happening.' While the summit ended without questions from reporters, its tone, a blend of cordiality, strategic posturing, and withheld detail, left both optimism and apprehension in its wake. With Trump set to brief Nato and Kyiv, the coming days may determine whether the 'productive' spirit translates into substantive progress towards ending the conflict.
