FTSE 100 LIVE: Stocks mixed as traders brace for Trump-Putin meet and US-China trade deadline
The FTSE 100 (^FTSE) and European stocks were mixed on Monday as traders awaited news on progress on Russia and Ukraine.
It comes as president Donald Trump has pushed for a ceasefire, stating on Friday that he is set to meet Russian president Vladimir Putin this week in Alaska to negotiate an end to the war in Ukraine.
The deal will reportedly involve 'some swapping of territories' with suggestions that it would see Ukraine ceding Russia the parts of Donbas that it still controls.
Ukraine's President Zelenskiy was quick to reject the idea and European leaders have called for any peace talks with Russia to include Kyiv.
Bloomberg reported on Sunday that European leaders are seeking to speak with Trump before his meeting with Putin.
Meanwhile, US tariffs on China are due to come in on Tuesday but the 90-day truce could get extended again. Investors are also eagerly awaiting the latest US inflation data.
London's benchmark index (^FTSE) was 0.3% higher in early trade
Germany's DAX (^GDAXI) dipped 0.1% and the CAC (^FCHI) in Paris headed 0.04% into the green
The pan-European STOXX 600 (^STOXX) was up 0.2%
Wall Street is set for a positive start as S&P 500 futures (ES=F), Dow futures (YM=F) and Nasdaq futures (NQ=F) were all in the green.
The pound was flat against the US dollar (GBPUSD=X) at 1.3451
Key companies reporting this week:
Follow along for live updates throughout the day:
Trump to meet Putin this week
Traders are awaiting news on progress on the war in Ukraine this week as president Donald Trump has pushed for a ceasefire. He stated on Friday that he is set to meet Russian president Vladimir Putin in Alaska on Friday to negotiate an end to the war in Ukraine.
The deal will reportedly involve 'some swapping of territories' with suggestions that it would see Ukraine ceding Russia the parts of Donbas that it still controls.
Ukraine's President Zelenskiy was quick to reject the idea and European leaders have called for any peace talks with Russia to include Kyiv.
Bloomberg reported on Sunday that European leaders are seeking to speak with Trump before his meeting with Putin.
Asia overnight
Stocks in Asia were mostly higher on the day with the Hang Seng (^HSI) up 0.04% in Hong Kong and the Shanghai Composite (000001.SS) rising 0.3% by the end of the session.
It came as China released its latest inflation data over the weekend, with year-on-year CPI at 0.0%, compared to -0.1% expected, and PPI at 3.6% versus the 3.3% expected.
In South Korea, the Kospi (^KS11) lost 0.1% while the Nikkei (^N225) is closed for a holiday.
Recapping movement across the pond last week, equities continued their upward momentum, with the S&P 500 (^GSPC) climbing 2.43% overall and gaining 0.78% on Friday alone. It ended the week just a whisker, less than 0.01%, from its all-time high.
Technology stocks led the charge, as the Nasdaq (^IXIC) advanced +3.87% (up 0.98% on Friday), while the Magnificent 7 surged 5.42% over the week.
Stocks were buoyed by optimism surrounding potential talks between the US and Russia over Ukraine despite fresh US tariffs that took effect on 7 August.
Coming up
Good morning, and welcome back to our markets live blog.
As usual we will be taking a deep dive into what's moving markets and happening across the global economy.
Here's a snapshot of what's on the agenda:
7am: Trading updates: Barrick Mining, AST SpaceMobile, Central Asia Metals, Diversified Energy, MarshallsTrump to meet Putin this week
Traders are awaiting news on progress on the war in Ukraine this week as president Donald Trump has pushed for a ceasefire. He stated on Friday that he is set to meet Russian president Vladimir Putin in Alaska on Friday to negotiate an end to the war in Ukraine.
The deal will reportedly involve 'some swapping of territories' with suggestions that it would see Ukraine ceding Russia the parts of Donbas that it still controls.
Ukraine's President Zelenskiy was quick to reject the idea and European leaders have called for any peace talks with Russia to include Kyiv.
Bloomberg reported on Sunday that European leaders are seeking to speak with Trump before his meeting with Putin.
Traders are awaiting news on progress on the war in Ukraine this week as president Donald Trump has pushed for a ceasefire. He stated on Friday that he is set to meet Russian president Vladimir Putin in Alaska on Friday to negotiate an end to the war in Ukraine.
The deal will reportedly involve 'some swapping of territories' with suggestions that it would see Ukraine ceding Russia the parts of Donbas that it still controls.
Ukraine's President Zelenskiy was quick to reject the idea and European leaders have called for any peace talks with Russia to include Kyiv.
Bloomberg reported on Sunday that European leaders are seeking to speak with Trump before his meeting with Putin.
Asia overnight
Stocks in Asia were mostly higher on the day with the Hang Seng (^HSI) up 0.04% in Hong Kong and the Shanghai Composite (000001.SS) rising 0.3% by the end of the session.
It came as China released its latest inflation data over the weekend, with year-on-year CPI at 0.0%, compared to -0.1% expected, and PPI at 3.6% versus the 3.3% expected.
In South Korea, the Kospi (^KS11) lost 0.1% while the Nikkei (^N225) is closed for a holiday.
Recapping movement across the pond last week, equities continued their upward momentum, with the S&P 500 (^GSPC) climbing 2.43% overall and gaining 0.78% on Friday alone. It ended the week just a whisker, less than 0.01%, from its all-time high.
Technology stocks led the charge, as the Nasdaq (^IXIC) advanced +3.87% (up 0.98% on Friday), while the Magnificent 7 surged 5.42% over the week.
Stocks were buoyed by optimism surrounding potential talks between the US and Russia over Ukraine despite fresh US tariffs that took effect on 7 August.
Stocks in Asia were mostly higher on the day with the Hang Seng (^HSI) up 0.04% in Hong Kong and the Shanghai Composite (000001.SS) rising 0.3% by the end of the session.
It came as China released its latest inflation data over the weekend, with year-on-year CPI at 0.0%, compared to -0.1% expected, and PPI at 3.6% versus the 3.3% expected.
In South Korea, the Kospi (^KS11) lost 0.1% while the Nikkei (^N225) is closed for a holiday.
Recapping movement across the pond last week, equities continued their upward momentum, with the S&P 500 (^GSPC) climbing 2.43% overall and gaining 0.78% on Friday alone. It ended the week just a whisker, less than 0.01%, from its all-time high.
Technology stocks led the charge, as the Nasdaq (^IXIC) advanced +3.87% (up 0.98% on Friday), while the Magnificent 7 surged 5.42% over the week.
Stocks were buoyed by optimism surrounding potential talks between the US and Russia over Ukraine despite fresh US tariffs that took effect on 7 August.
Coming up
Good morning, and welcome back to our markets live blog.
As usual we will be taking a deep dive into what's moving markets and happening across the global economy.
Here's a snapshot of what's on the agenda:
7am: Trading updates: Barrick Mining, AST SpaceMobile, Central Asia Metals, Diversified Energy, Marshalls
Good morning, and welcome back to our markets live blog.
As usual we will be taking a deep dive into what's moving markets and happening across the global economy.
Here's a snapshot of what's on the agenda:
7am: Trading updates: Barrick Mining, AST SpaceMobile, Central Asia Metals, Diversified Energy, Marshalls
Inicia sesión para acceder a tu cartera de valores
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
a minute ago
- Yahoo
Some call the Sussexes' Netflix deal a demotion - but the company still sees them as a power couple
While we're all desperate to know what this new deal is really worth in dollars and pounds, one thing I can tell you for certain is that Prince Harry and Meghan want us to know they're delighted that Netflix again wanted to get a deal done. "Absolutely over the moon" is how it was described to me. But they'll also be aware of the attention it'll attract as we all try to pick apart what it means. Firstly because of that ongoing fascination in how they're making money since stepping away from royal life and losing financial support from the King, but also because of the recent reports that Netflix were intending to cut ties. Yes this is a different type of deal from their original one in 2020. Some have argued that a "first look deal" looks like a demotion from what they previously signed up to. With no real clarity on how much their original deal was worth, and no numbers being publicly thrown around this time, that is hard to judge. But talking to those who know something about these kinds of deals you do get a sense it could potentially be more lucrative than it looks on face value. With first look deals, yes there is often financial commitments from the likes of Netflix to get that first exclusive look at projects and first refusal. But there could be other significant monetary incentives for the Sussexes to sign. For example, when the Obamas signed a first look deal with Netflix, the streaming service agreed to pay the operational costs for their production company "Higher Ground". Could it be that Netflix are also now covering the costs of Archewell Productions? It's stating the obvious to say that Harry and Meghan continue to divide opinions, some wanting to watch their programmes from a place of respect and fondness, others as a reason to grumble about them. But signing on this latest dotted line shows Netflix still sees them as a power couple, who attract significant attention and are worthy of investment, whatever that really adds up to.
Yahoo
a minute ago
- Yahoo
Trump's order to deploy troops in DC is his latest use of the National Guard in cities
WASHINGTON (AP) — President Donald Trump is bringing in 800 National Guard members to help law enforcement fight crime in Washington, but just 100 to 200 of the troops will be on the city's streets at any given time, the Army said. Trump's directive on Monday for Defense Secretary Pete Hegseth to activate the National Guard is just the latest example of him sending the Guard into cities to support immigration enforcement or fight crime over the objection of local and state officials. How the National Guard deployment in DC will work According to the Army, Guard troops will be deployed under Title 32, or 'federal-state status' authority. That means the troops can conduct law enforcement activities on the streets of the nation's capital — though, at the moment, that doesn't appear to be the plan. 'Their duties will include an array of tasks from administrative, logistics and physical presence in support of law enforcement,' according to a statement from the Army, to which the District of Columbia National Guard directed all questions. About 500 federal law enforcement officers are being assigned to patrols in Washington, including from the FBI; Bureau of Alcohol, Tobacco, Firearms and Explosives; Drug Enforcement Administration; Immigration and Customs Enforcement; and the Marshals Service. Hegseth told reporters that Guard members will be 'flowing into the streets of Washington in the coming week.' He also said the Pentagon was 'prepared to bring in other National Guard units — other specialized units,' though he didn't offer any further details. The timeline for the troop deployment also is vaguely defined. According to Trump's directive, National Guard troops will remain deployed until the president determines 'that conditions of law and order have been restored.' Besides the 800 Guard members, Trump said 'we will bring in the military if it's needed' — seemingly referring to active duty troops in addition to the Guard — but added that 'I don't think we'll need it.' Trump recently sent Guard troops and Marines to Los Angeles The deployment of troops to Washington comes after the Pentagon has pulled out the vast majority of the roughly 4,000 National Guard troops and 700 active duty Marines that Trump sent to Los Angeles in late June. Trump argued that the deployment was necessary after his administration's immigration crackdown led to protests throughout the city. Troops were largely tasked with protecting federal buildings and guarding immigration agents as they conducted raids. Hegseth compared plans to send troops into the nation's capital to their deployment to the U.S.-Mexico border and to Los Angeles. 'We will work alongside all D.C. police and federal law enforcement,' Hegseth said. However, California's governor and city officials argued that the LA deployment was unnecessary and went to court to try to fight it. Los Angeles Mayor Karen Bass told reporters that the National Guard's primary mission had been to guard two buildings that 'frankly didn't need to be guarded.' In addition, D.C. Mayor Muriel Bowser, also a Democrat, has questioned the effectiveness of using the Guard to enforce city laws. 'I just think that's not the most efficient use of our Guard,' she said Sunday on MSNBC's 'The Weekend.' Trump deployed the Guard to Washington in his first term This is also not the first time Trump unilaterally has chosen to use federal forces in the U.S. capital. In 2020, during the protests over the police killing of George Floyd, Trump deployed the National Guard and federal law enforcement to the city, at one point using them to forcibly clear peaceful protesters from a square near the White House so he could stage a photo op. It became a controversial moment in his first administration in part because Gen. Mark Milley, who was then chairman of the Joint Chiefs of Staff, appeared alongside Trump. Some saw Milley's presence as the military's endorsement of using troops against U.S. citizens. Milley later apologized.
New York Post
2 minutes ago
- New York Post
Trump extends China tariff deadline for 90 days just hours before truce was set to expire: official
WASHINGTON — U.S. President Donald Trump has signed an executive order extending a tariff truce with China by another 90 days, a White House official said on Monday with only hours to go before U.S. tariffs on Chinese goods were due to snap back to triple-digit rates. The order followed a noncommittal answer by Trump to reporters as to whether he would extend the lower tariff rates a day after he urged Beijing to quadruple its purchases of U.S. soybeans. A tariff truce between Beijing and Washington was set to expire on Tuesday at 00:01 ET (04:01 GMT). Advertisement 3 Donald Trump signed an executive order extending a tariff truce with China Monday, according to a White House official. REUTERS The order prevents U.S. tariffs on Chinese goods from shooting up to 145%, with Chinese tariffs on U.S. goods set to hit 125%, rates that would have resulted in a virtual trade embargo. 'We'll see what happens,' Trump told a press conference, when asked how he planned to extend the deadline. 'They've been dealing quite nicely. The relationship is very good with President Xi (Jinping) and myself.' Advertisement Imports from China are currently subject to 30% tariffs, including a 10% base rate and 20% in fentanyl-related tariffs imposed by Washington in February and March. China had matched the de-escalation, lowering its rate on U.S. imports to 10%. The two sides in May announced a truce in their trade dispute after talks in Geneva, Switzerland, agreeing to a 90-day period to allow further talks. They met again in Stockholm, Sweden in late July, but did not announce an agreement to further extend the deadline. 3 A container ship at a port in Lianyungang, China's eastern Jiangsu province on August 7, 2025. AFP via Getty Images Kelly Ann Shaw, a senior White House trade official during Trump's first term and now with Akin Gump Strauss Hauer & Feld, said she expected Trump to extend the 90-day 'tariff détente' for another 90 days later on Monday. Advertisement 'It wouldn't be a Trump-style negotiation if it didn't go right down to the wire,' she said, adding Trump could also announce progress in other aspects of the economic relationship as a backdrop for granting the extension. 'The whole reason for the 90-day pause in the first place was to lay the groundwork for broader negotiations and there's been a lot of noise about everything from soybeans to export controls to excess capacity over the weekend,' she said. 3 The president said his relationship is 'very good with President Xi (Jinping).' Getty Images Ryan Majerus, a former U.S. trade official now with the King & Spalding law firm, welcomed the news. 'This will undoubtedly lower anxiety on both sides as talks continue, and as the U.S. and China work toward a framework deal in the fall. I'm certain investment commitments will factor into any potential deal, and the extension gives them more time to try and work through some of the longstanding trade concerns,' he said. Advertisement The White House declined to comment beyond Trump's remarks. The Treasury Department and U.S. Trade Representative's Office did not respond to requests for comment. U.S. Treasury Secretary Scott Bessent has said Washington has the makings of a deal with China and he was 'optimistic' about the path forward. Trump pushed for additional concessions on Sunday, urging China to quadruple its soybean purchases, although analysts questioned the feasibility of any such deal. Trump did not repeat the demand on Monday. But Washington has also been pressing Beijing to stop buying Russian oil, with Trump threatening to impose secondary tariffs on China.
