
Nordic Countries Send Message to Trump Over Ukraine Peace Deal
Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content.
The war Russia started against Ukraine can only end by consistent pressure being applied on Vladimir Putin, the leaders of eight Nordic and Baltic countries have said in a message to Donald Trump.
The statement by the Nordic-Baltic Eight whose members are allies of Kyiv, welcomed the U.S. president's moves to end the war ahead of his summit with Putin in Alaska Friday and said they would continue to impose restrictive measures against Russia while continuing to support Ukraine.
"Peace will only come through a combination of determined diplomacy, unwavering support for Ukraine, and consistent pressure on the Russian Federation," said the statement by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden.
Vladimir Putin with Donald Trump prior to the G20 Summit's Plenary Meeting on November 30, 2018 in Buenos Aires, Argentina.
Vladimir Putin with Donald Trump prior to the G20 Summit's Plenary Meeting on November 30, 2018 in Buenos Aires, Argentina.This is a developing story to be updated.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 minutes ago
- Yahoo
Stocks Set for Muted Open as Investors Await U.S. Inflation Data and Trump-Putin Summit
September S&P 500 E-Mini futures (ESU25) are up +0.09%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.05% this morning, pointing to a muted open on Wall Street as investors await key U.S. economic data, especially the inflation report, and a summit between U.S. President Donald Trump and Russia's Vladimir Putin. Financial markets found some reassurance in renewed diplomatic efforts to end the Russia-Ukraine war, with Trump and Putin preparing to meet in Alaska on Friday. The weekend saw intense diplomacy between U.S., Ukrainian, and European officials, including meetings in the U.K. with U.S. Vice President JD Vance and British Foreign Secretary David Lammy. Still, Ukrainian President Volodymyr Zelenskiy has maintained his refusal to cede territory occupied by Russia. More News from Barchart 'It Will Be the Biggest Product Ever': Elon Musk Says Tesla's Optimus Robots Will Be Bigger Than Even Robotaxi Dear Archer Aviation Stock Fans, Mark Your Calendars for August 11 This Hidden-Gem AI Stock Has a Major Catalyst Coming on August 11 Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! In Friday's trading session, Wall Street's major equity averages closed higher, with the S&P 500 posting a 1-week high and the Nasdaq 100 notching a new record high. Gilead Sciences (GILD) climbed over +8% and was the top percentage gainer on the S&P 500 and Nasdaq 100 after the biopharmaceutical giant posted upbeat Q2 results and raised its full-year guidance. Also, Monster Beverage (MNST) gained more than +6% after the company reported better-than-expected Q2 adjusted EPS. In addition, Expedia (EXPE) rose over +4% after the travel booking company posted stronger-than-expected Q2 results and raised its full-year gross bookings guidance. On the bearish side, Trade Desk (TTD) plummeted more than -38% and was the top percentage loser on the S&P 500 and Nasdaq 100 after the ad-tech company issued weak Q3 revenue guidance and announced that CFO Laura Schenkein will be replaced by Alex Kayyal. St. Louis Fed President Alberto Musalem said on Friday that he backed policymakers' recent decision to keep interest rates unchanged, adding that the central bank remains further from meeting the inflation side of its mandate. 'Given the economy where it stands today, it seemed appropriate to maintain the policy rate at a constant for now,' Musalem said. He also said the most likely outcome is that the price effects from tariffs will be temporary, but added there is a 'reasonable probability' they could prove more persistent. At the same time, Fed Governor Michelle Bowman said on Saturday that she favors three interest rate cuts this year. 'With economic growth slowing this year and signs of a less dynamic labor market becoming clear, I see it as appropriate to begin gradually moving our moderately restrictive policy stance toward a neutral setting,' Bowman said. Meanwhile, U.S. rate futures have priced in an 88.4% chance of a 25 basis point rate cut and an 11.6% chance of no rate change at the Fed's monetary policy committee meeting next month. The U.S. consumer inflation report for July will be the main highlight this week. The recent U.S. ISM services PMI showed an unexpected increase in the prices paid sub-index, serving as a reminder that 'inflation is still a force to be reckoned with,' according to Chris Beauchamp, chief market analyst at IG. Citi economists said investors will be watching to gauge the extent to which tariffs are impacting prices after June's report showed 'early signs of larger increases in goods prices.' Investors will also monitor July retail sales data for clues on how tariffs are impacting consumers. Other noteworthy data releases include the U.S. PPI, the Core PPI, Initial Jobless Claims, the Export Price Index, the Import Price Index, the Empire State Manufacturing Index, Industrial Production, Manufacturing Production, and the University of Michigan's Consumer Sentiment Index (preliminary). Second-quarter corporate earnings season is winding down, but several notable companies are due to report this week, including Cisco (CSCO), Applied Materials (AMAT), Deere & Company (DE), CoreWeave (CRWV), and Circle (CRCL). According to Bloomberg Intelligence, S&P 500 companies are on track to post a 9.1% increase in Q2 profits from a year earlier, well above analysts' forecast of 2.8%. Market participants will also hear perspectives from several Fed officials, including Barkin, Schmid, Goolsbee, and Bostic, throughout the week. In addition, investors will closely watch for any further updates on U.S. tariff plans for specific sectors. Last week, President Trump said that U.S. tariffs on semiconductor and pharmaceutical imports would be announced 'within the next week or so.' While some clarity was provided on chip tariffs last week, investors will be particularly eager for further updates on tariffs targeting the pharmaceutical sector. The U.S. economic data slate is empty on Monday. In the bond market, the yield on the benchmark 10-year U.S. Treasury note is at 4.258%, down -0.58%. The Euro Stoxx 50 Index is down -0.24% this morning as investors brace for a week dominated by key economic data from both sides of the Atlantic, along with trade and geopolitical developments. Defense stocks fell on Monday as a meeting between U.S. President Donald Trump and Russian President Vladimir Putin in Alaska on Friday fueled hopes for a potential Ukraine peace deal. At the same time, healthcare stocks outperformed. Final data from the statistics agency Istat confirmed on Monday that Italy's annual inflation rate held steady at 1.7% in July. Meanwhile, the trade truce between the U.S. and China is set to expire tomorrow, with uncertainty over whether it will be extended or if tensions will reignite. Investors are also awaiting the release of the second estimate of the Eurozone's second-quarter GDP later this week. Germany's and the Eurozone's ZEW economic sentiment indexes for August will also be in focus this week, as they will provide insight into how much relatively high U.S. tariffs on Eurozone goods have impacted sentiment. In corporate news, Orsted AS ( tumbled over -26% after the Danish wind farm developer announced plans for a 60-billion-crown ($9.4 billion) rights issue, citing unfavorable developments in the U.S. offshore wind market. Also, Northern Data AG ( sank more than -13% after Rumble said it was weighing an offer of about $1.17 billion for the German AI cloud company. Italy's CPI data was released today. The Italian July CPI rose +0.4% m/m and +1.7% y/y, in line with expectations. China's Shanghai Composite Index (SHCOMP) closed up +0.34%, while Japan's financial markets were closed for a holiday. China's Shanghai Composite Index ended higher today as investors shrugged off underwhelming inflation data from the country and turned their attention to U.S.-China trade truce developments. Liquor and AI-related stocks led the gains on Monday. Also, lithium stocks jumped after battery giant Contemporary Amperex Technology Co. suspended operations at a major mine in China. Data from the National Bureau of Statistics released over the weekend showed that China's factory deflation persisted into the 34th month in July, while consumer prices held steady, highlighting the impact of weak domestic demand and ongoing trade uncertainty on consumer and business sentiment. Barclays analysts said in a research note that China's deflationary pressures are likely to persist into the second half of the year. Meanwhile, investors are watching to see if the tariff truce between Beijing and Washington will be extended as the August 12th deadline nears. Analysts widely anticipate a 90-day extension of the trade truce following earlier talks in Stockholm. Ahead of the deadline, U.S. President Trump wrote on social media that he hoped China would significantly increase its purchases of American soybeans. The Financial Times reported on Sunday that China wants the U.S. to relax export controls on a critical component for AI chips as part of a trade deal before a possible summit between Presidents Donald Trump and Xi Jinping. In other news, Bloomberg reported that Nvidia and Advanced Micro Devices agreed to pay 15% of their revenues from Chinese AI chip sales to the U.S. government under a deal to obtain export licenses. Investor focus this week is on a slew of China's official data, including industrial production, retail sales, fixed asset investment, and unemployment figures, which will provide the most comprehensive view yet of the country's economic momentum in July. Investors are also awaiting earnings reports from tech heavyweights later this week, including Tencent, Meituan, and Alibaba. The Chinese July CPI rose +0.4% m/m and was unchanged y/y, stronger than expectations of +0.3% m/m and -0.1% y/y. The Chinese July PPI fell -3.6% y/y, weaker than expectations of -3.4% y/y. Japan's Nikkei 225 Stock Index was closed today for the Mountain Day holiday. The markets will reopen on Tuesday. Pre-Market U.S. Stock Movers Advanced Micro Devices (AMD) fell over -2%, and Nvidia (NVDA) dropped more than -1% in pre-market trading following reports that both companies agreed to pay 15% of their revenues from Chinese AI chip sales to the U.S. government under a deal to obtain export licenses. Tegna (TGNA) jumped over +29% in pre-market trading after the Wall Street Journal reported that Nexstar Media Group was in advanced talks to acquire the company. Cryptocurrency-exposed stocks are moving higher in pre-market trading after the price of Bitcoin climbed over the weekend. MicroStrategy (MSTR) is up more than +4%. Also, MARA Holdings (MARA) is up over +4%, and Coinbase (COIN) is up more than +4%. You can see more pre-market stock movers here Today's U.S. Earnings Spotlight: Monday - August 11th Barrick Mining (B), Franco-Nevada (FNV), Ast Spacemobile (ASTS), Oklo Inc (OKLO), Roivant Sciences (ROIV), Legend Bio (LEGN), AAON (AAON), Array Digital Infra (USM), Archer Aviation (ACHR), Celanese (CE), Ralliant (RAL), Telephone&Data Systems (TDS), Macerich (MAC), Mercury (MRCY), Kymera (KYMR), Rumble (RUM), Xenon Pharmaceuticals (XENE), ACV Auctions (ACVA), BigBearai Holdings (BBAI), Plug Power (PLUG), USA Rare Earth (USAR), Sphere Entertainment (SPHR), Yalla (YALA), Hillenbrand (HI), Dole (DOLE), AMC Entertainment (AMC), Harrow Health (HROW), Cannae (CNNE), Meridianlink (MLNK), Fluence Energy (FLNC), MidCap Financial Investment (MFIC), Apartment Invest (AIV), Highpeak Energy Acquisition (HPK), PennantPark Floating Rate Capital (PFLT), Exodus Movement (EXOD), Hallador (HNRG), Compass Minerals (CMP). On the date of publication, Oleksandr Pylypenko did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 minutes ago
- Yahoo
Trump escalates crime rhetoric ahead of Washington crackdown announcement
By Nandita Bose WASHINGTON (Reuters) -President Donald Trump has spent days escalating his rhetoric on crime in Washington, calling the U.S. capital "totally out of control" and ordering a federal law enforcement surge ahead of a Monday press conference to outline a sweeping crackdown. On Sunday, Trump wrote on Truth Social, "The Homeless have to move out, IMMEDIATELY. We will give you places to stay, but FAR from the Capital. The Criminals, you don't have to move out. We're going to put you in jail where you belong." The Democratic mayor of Washington, Muriel Bowser, pushed back on Trump's claims, saying the city is "not experiencing a crime spike" and highlighting that violent crime has fallen to a 30-year low. Trump called Bowser "a good person who has tried" but said she's been given many chances while crime numbers continue to worsen. Violent crime fell 26% in the first seven months of 2025 and overall crime dropped 7%, according to the city's police department. But gun violence remains an issue. In 2023, Washington had the third-highest gun homicide rate among U.S. cities with populations over 500,000, according to gun control advocacy group Everytown for Gun Safety. Over the past week, Trump has intensified his messaging, demanding the swift eviction of homeless residents and vowing to jail offenders. He has raised the prospect of stripping the city of its local autonomy and signaled a possible full federal takeover. The Trump administration is also preparing to deploy hundreds of National Guard troops to Washington, a U.S. official told Reuters, a controversial tactic that Trump used recently in Los Angeles to respond to immigration protests over the objections of local officials. Trump has not made a final decision, the official said, adding that the number of troops and the role they would play are still being determined. The District of Columbia, established in 1790, operates under the Home Rule Act, which gives Congress ultimate authority but allows residents to elect a mayor and city council. Trump said last week that lawyers are examining how to overturn the law, a move that would likely require Congress to revoke it and him to sign off. Trump has cited a recent assault on a federal staffer and viral videos of youth crime to argue the nation's capital is in crisis. His response marks a renewed focus on crime as a political priority and grounds for increased federal intervention, which could challenge Washington's autonomy and reshape the balance of local and federal power. The president's order last week to deploy more federal law enforcement also marks a major escalation. Officers from over a dozen agencies, including the FBI, ICE, DEA, and ATF, have already spread across the city. A White House official, speaking on the condition of anonymity, said multiple arrests were made on Friday, with over 450 federal officers deployed throughout the city on Saturday. The official added the deployment targets "high-traffic tourist areas and known hotspots," with officers "highly visible," referencing criticism of previous immigration crackdowns involving masked agents and unmarked vehicles. The White House has not clarified what legal authority Trump would use to evict people from Washington, where he only controls federal land and buildings. Since the 1980s, Trump has used crime, especially youth crime in cities, as a political tool. His 1989 call for the death penalty in the Central Park jogger case, involving five Black and Latino teens later exonerated, remains one of the most controversial moments of his public life. Trump is expected to outline further details during a press conference at 10 a.m. (1400 GMT) Monday at the White House.


San Francisco Chronicle
5 minutes ago
- San Francisco Chronicle
Ukrainian drone strike kills 1 in as fighting rages ahead of a planned Trump-Putin summit
KYIV, Ukraine (AP) — A Ukrainian drone attack killed one person and wounded two more in Russia's Nizhny Novgorod, the region's governor said Monday, as fighting continued ahead of a planned summit meeting in which Russian President Vladimir Putin hopes to persuade his U.S. counterpart to back a peace deal locking in Moscow's gains. Nizhny Novgorod Gov. Gleb Nikitin said in an online statement that drones targeted two 'industrial zones' that caused unspecified damage along with the three casualties. Russia's Defense Ministry said its air defenses intercepted and destroyed a total of 39 Ukrainian drones overnight and Monday morning over several Russian regions as well as over the Crimean peninsula that Russia annexed in 2014. The summit, which U.S. President Donald Trump will host in Alaska later this week, sees Putin unwavering on his maximalist demands to keep all the Ukrainian territory his forces now occupy but also to prevent Kyiv from joining NATO with the long-term aim to keep the country under Moscow's sphere of influence. Putin believes he enjoys the advantage on the ground as Ukrainian forces struggle to hold back Russian advances along the 1,000-kilometer (600-mile) front. But Ukrainian President Volodymyr Zelenskyy insists he will never consent to any Russian annexation of Ukrainian territory nor give up his country's bid for NATO membership. European leaders have rallied behind Ukraine, saying peace in the war-torn nation can't be resolved without Kyiv.