US, China Agree to Tariff Truce Extension
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Yahoo
26 minutes ago
- Yahoo
Editorial: Putin blocks Trump's peacemaking — Another blown deadline shows Ukraine truce is not easy
President Donald Trump's deadline of today for Russian leader Vladimir Putin to agree to a ceasefire deal between Russia and Ukraine seems ready to come and go with no deal. We wish the president's desire for peace was fulfilled, for as Ukrainian President Volodymyr Zelenskyy says: 'the war must end. And it must be done honestly,' meaning a complete withdrawal of invading Russian troops. But this is Putin's war and Putin has not achieved his war aims, namely to conquer Kyiv. Trump's envoy Steve Witkoff met with Putin at the Kremlin this week and now there are plans that Trump will sit down with Putin and Zelenskyy soon. We hope that Trump, a salesman for more than half a century, can put on the charisma and win over Vlad, but the ex-KGB lieutenant colonel is probably immune to the Donald's charms. Having been back in the White House for six months now, Trump must finally be realizing that he can't end this war 'in 24 hours,' as he boasted when he was out of office. Putin will respond only to military defeats and economic pressure. The Ukrainians will bloody him on the battlefield and the U.S. and our allies must keep on the sanctions to blunt Putin's power and his vision of an imperial Russia retaking its place in the firmament of global powers. Putin's withdrawal and ending this war will not be pleasant for him. But his failure to quickly capture Kyiv following the February 2022 invasion set the stage for the grinding conflict that is draining both Russia and Ukraine of blood and treasure. In an ideal world, Putin's recalcitrance to end his folly will at least finally convince Trump that there is not and was never going to be a quick and easy solution that he could be seen to personally mediate in his apparent quest to get a Nobel peace prize. We hope that it's become clear to Trump that the only reason any negotiations are even happening as opposed to a Putin puppet already calling the shots in Ukraine is that the Ukrainian forces have continued to receive the support of the international community, including necessary arms replenishment and supplies from the United States. Despite his missteps and confusion, Trump is right about one thing: the only way out of this mess is dialogue until the sides can reach a resolution, which must happen from a position of strength for Ukraine. A final deal rests on having each side feel like it can claim some measure of victory, which may entail some concessions to Russia, although there should be some clear nonnegotiables. Among those, the most important is the crux of this entire mess in the first place: Ukraine's territorial integrity, which must be preserved at least to the borders that existed as of the time of the invasion. Beyond being moral, this is for practical reasons. As much as Putin has lost in this campaign — military capability, economic strength and hundreds of thousands of lives — he may well consider it a template worth repeating if he ultimately gets the chunk of territory he so desperately desires. For the sake of Europe's — and our — continued security, it must be made crystal clear to Putin that his objectives of territorial expansion have failed absolutely. Perhaps this debacle might also temper some of Trump's own stated territorial ambitions; the age of military annexations is over, for good reason. _____
Yahoo
26 minutes ago
- Yahoo
FTSE 100 LIVE: Stocks mixed as traders brace for Trump-Putin meet and US-China trade deadline
Este contenido insertado no está disponible en tu región. 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 ( 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 ( 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 ( 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
Bloomberg
29 minutes ago
- Bloomberg
Record Short Against Maersk Backfires in Trade-War Defying Rally
Shorting the stock of the world's largest listed shipping company during a global trade war may seem like a sure bet. But the investors who've loaded up on the trade since April have so far only been handed big losses. Shares representing just under a third of A. P. Moller-Maersk A/S's free float are currently out on loan, according to S&P Global Market Intelligence, the highest level since data collection began in 2014. The measure, which is indicative of short interest, is up from about 15% at the beginning of April, when US President Donald Trump announced sweeping plans for import duties on all US trading partners.
