FTSE 100 LIVE: Markets mixed as Zelensky and European leaders head to Washington for war talks
Trump said that Ukraine will not be able to join Nato as part of a peace deal, but that Zelensky can opt to end the war "if he wants to". The US president also ruled out the possibility of Ukraine regaining Crimea.
US special envoy Steve Witkoff, who was in Alaska, told reporters on Sunday that Russia will allow the US and Europe to give Ukraine security guarantees, however it's not clear what these will be.
Oil prices moved slightly higher on Monday morning as traders weigh a potential end to the conflict.
London's premier index rose 0.2% in early trade. Mining stock Endeavour (EDV.L) and defence stock BAE Systems (BA.L) led the index higher.
The DAX (^GDAXI) in Germany fell 0.3%, retracing gains made last week.
The CAC 40 (^FCHI) in Paris dipped 0.4%.
US stock futures also fell, pointing to losses when markets open at 2.30pm BST.
Lionesses 'surprise' victory weighs on Entain
One of the UK's biggest bookies has said it lost out on winnings paid in the women's Euros final as patriotic fans got behind the Lionesses, while the men's Club World Cup drew in 'surprising' global support.
Entain, which owns betting shops Ladbrokes and Coral, said the tournaments were among the most bet-on sporting events of the year so far.
England's Lionesses were victorious in the Women's Euro 2025, having beaten Spain on penalties in last month's final.
So-called 'patriotic punters' typically get behind their own team or country by betting on them winning.
If results go in the favour of gamblers, this can result in losses for bookies who have to pay out the winnings.
Rob Wood, the group's finance boss and deputy chief executive, told the PA news agency: 'We did lose a little bit of money on that match.
'But because it was a draw at 90 minutes, that wasn't a bad outcome.'
Coming up this week: Jay Powell at Jackson Hole
Our US team writes:
The investing world will turn its attention to northwestern Wyoming in the week ahead, with Federal Reserve Chair Jerome Powell set to give his most important policy speech of the year on Friday at the annual Jackson Hole Economic Symposium.
Held each year at the Jackson Lake Lodge in Grand Teton National Park, the Kansas City Fed's annual meeting often serves as a crucial set piece in the Fed chair's calendar that signals key shifts in the central bank's thinking.
Ahead of Powell's speech — likely to be his last as Fed chair — markets are placing the probability the Fed will cut rates by at least 0.25% next month at around 85%. Clues from Powell about the speed and depth of the cycle the Fed is about to embark on will be the week's biggest market-moving event.
UK house sellers cut asking price by average £10,000
Pedro Goncalves writes:
Homes are selling for an average of £10,000 below asking price as sellers try to secure a sale in a buyers' market.
The average price of a newly listed home fell by 1.3% in August to £368,740, a £4,969 decline. Sellers have now lowered asking prices by over £10,000 since May, a figure Rightmove (RMV.L) analysts said reflects growing pricing realism amid elevated levels of market inventory and a more cautious buyer base.
'Savvy summer sellers have read the room,' said Colleen Babcock, property expert at Rightmove (RMV.L). '[They] are coming to market with even more competitive pricing than usual to really stand out and attract serious and active buyers. The strategy is working.'
The property site said that despite broader price moderation, buyer demand remains robust, supported by improving affordability and a slight cooling in mortgage rates.
Read more on Yahoo Finance UK
Good morning!
Hello from London. It's Lucy Harley-McKeown — ready to bring you the markets and economics news for Monday.
This morning we've already had the Rightmove UK house price update (more on that later).
As earnings season slows Palo Alto Networks (PANW) reports results in the US.
Otherwise we'll be looking at the potential moves in the Russia-Ukraine conflict and the effect that's having on investor confidence.
Let's get to it.
Lionesses 'surprise' victory weighs on Entain
One of the UK's biggest bookies has said it lost out on winnings paid in the women's Euros final as patriotic fans got behind the Lionesses, while the men's Club World Cup drew in 'surprising' global support.
Entain, which owns betting shops Ladbrokes and Coral, said the tournaments were among the most bet-on sporting events of the year so far.
England's Lionesses were victorious in the Women's Euro 2025, having beaten Spain on penalties in last month's final.
So-called 'patriotic punters' typically get behind their own team or country by betting on them winning.
If results go in the favour of gamblers, this can result in losses for bookies who have to pay out the winnings.
Rob Wood, the group's finance boss and deputy chief executive, told the PA news agency: 'We did lose a little bit of money on that match.
'But because it was a draw at 90 minutes, that wasn't a bad outcome.'
One of the UK's biggest bookies has said it lost out on winnings paid in the women's Euros final as patriotic fans got behind the Lionesses, while the men's Club World Cup drew in 'surprising' global support.
Entain, which owns betting shops Ladbrokes and Coral, said the tournaments were among the most bet-on sporting events of the year so far.
England's Lionesses were victorious in the Women's Euro 2025, having beaten Spain on penalties in last month's final.
So-called 'patriotic punters' typically get behind their own team or country by betting on them winning.
If results go in the favour of gamblers, this can result in losses for bookies who have to pay out the winnings.
Rob Wood, the group's finance boss and deputy chief executive, told the PA news agency: 'We did lose a little bit of money on that match.
'But because it was a draw at 90 minutes, that wasn't a bad outcome.'
Coming up this week: Jay Powell at Jackson Hole
Our US team writes:
The investing world will turn its attention to northwestern Wyoming in the week ahead, with Federal Reserve Chair Jerome Powell set to give his most important policy speech of the year on Friday at the annual Jackson Hole Economic Symposium.
Held each year at the Jackson Lake Lodge in Grand Teton National Park, the Kansas City Fed's annual meeting often serves as a crucial set piece in the Fed chair's calendar that signals key shifts in the central bank's thinking.
Ahead of Powell's speech — likely to be his last as Fed chair — markets are placing the probability the Fed will cut rates by at least 0.25% next month at around 85%. Clues from Powell about the speed and depth of the cycle the Fed is about to embark on will be the week's biggest market-moving event.
Our US team writes:
The investing world will turn its attention to northwestern Wyoming in the week ahead, with Federal Reserve Chair Jerome Powell set to give his most important policy speech of the year on Friday at the annual Jackson Hole Economic Symposium.
Held each year at the Jackson Lake Lodge in Grand Teton National Park, the Kansas City Fed's annual meeting often serves as a crucial set piece in the Fed chair's calendar that signals key shifts in the central bank's thinking.
Ahead of Powell's speech — likely to be his last as Fed chair — markets are placing the probability the Fed will cut rates by at least 0.25% next month at around 85%. Clues from Powell about the speed and depth of the cycle the Fed is about to embark on will be the week's biggest market-moving event.
UK house sellers cut asking price by average £10,000
Pedro Goncalves writes:
Homes are selling for an average of £10,000 below asking price as sellers try to secure a sale in a buyers' market.
The average price of a newly listed home fell by 1.3% in August to £368,740, a £4,969 decline. Sellers have now lowered asking prices by over £10,000 since May, a figure Rightmove (RMV.L) analysts said reflects growing pricing realism amid elevated levels of market inventory and a more cautious buyer base.
'Savvy summer sellers have read the room,' said Colleen Babcock, property expert at Rightmove (RMV.L). '[They] are coming to market with even more competitive pricing than usual to really stand out and attract serious and active buyers. The strategy is working.'
The property site said that despite broader price moderation, buyer demand remains robust, supported by improving affordability and a slight cooling in mortgage rates.
Read more on Yahoo Finance UK
Pedro Goncalves writes:
Homes are selling for an average of £10,000 below asking price as sellers try to secure a sale in a buyers' market.
The average price of a newly listed home fell by 1.3% in August to £368,740, a £4,969 decline. Sellers have now lowered asking prices by over £10,000 since May, a figure Rightmove (RMV.L) analysts said reflects growing pricing realism amid elevated levels of market inventory and a more cautious buyer base.
'Savvy summer sellers have read the room,' said Colleen Babcock, property expert at Rightmove (RMV.L). '[They] are coming to market with even more competitive pricing than usual to really stand out and attract serious and active buyers. The strategy is working.'
The property site said that despite broader price moderation, buyer demand remains robust, supported by improving affordability and a slight cooling in mortgage rates.
Read more on Yahoo Finance UK
Good morning!
Hello from London. It's Lucy Harley-McKeown — ready to bring you the markets and economics news for Monday.
This morning we've already had the Rightmove UK house price update (more on that later).
As earnings season slows Palo Alto Networks (PANW) reports results in the US.
Otherwise we'll be looking at the potential moves in the Russia-Ukraine conflict and the effect that's having on investor confidence.
Let's get to it.
Hello from London. It's Lucy Harley-McKeown — ready to bring you the markets and economics news for Monday.
This morning we've already had the Rightmove UK house price update (more on that later).
As earnings season slows Palo Alto Networks (PANW) reports results in the US.
Otherwise we'll be looking at the potential moves in the Russia-Ukraine conflict and the effect that's having on investor confidence.
Let's get to it.
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The Ukrainian leadership is seeking a trilateral meeting with Zelenskyy, Trump and Putin to discuss sensitive matters, including territorial issues. Trump's ambition to end the war After enduring a public tirade by Trump and Vice President JD Vance in February, Zelenskyy worked to repair relations with the U.S. Constant diplomatic communication and a 15-minute meeting at the Vatican in April on the sidelines of Pope Francis' funeral helped turn the tide. Trump appeared at the time to be swayed by Zelenskyy's conditions for peace. But Trump says he cares primarily about ending the war, an ambition that led him after his meeting with Putin to discard the need for a ceasefire. European allies also have worked with Trump, reaching a deal in July for NATO allies to buy weapons from the U.S. for Ukraine. Russian forces continued to pound Ukraine with missiles and drones. A Russian drone strike on Kharkiv, Ukraine's second largest city, killed seven civilians late Sunday. Putin spoke with the leaders of India, Brazil and South Africa Monday to discuss his meeting with Trump in Alaska, the Kremlin said. He also spoke with leaders in Central Asia and the president of Belarus, Alexander Lukashenko, it said. ___ Kullab reported from Kyiv, Ukraine. Associated Press writers Sylvie Corbet in Washington, John Leicester in Le Pecq, France, Illia Novikov in Kyiv and Dasha Litvinova in Tallinn, Estonia and Nicole Winfield in Rome, contributed. Josh Boak And Samya Kullab, The Associated Press
