European stock exchanges reacted positively to Trump’s words about the possibility of ending the conflict between Russia and Ukraine
Europe’s key stock markets and currencies rose significantly on Thursday amid growing optimism over a possible peace agreement between Ukraine and Russia, Reuters reports. The STOXX 600 added 1.06%.
Fears of a global trade war kept gold prices near an all-time high after U.S. President Donald Trump confirmed plans to impose retaliatory tariffs against countries that impose duties on U.S. goods. The euro climbed above $1.04.
On Wednesday, Trump held what he said were productive talks with Putin and Zelensky, saying he saw a realistic chance of ending the conflict. Speculation about easing sanctions against Russian oil has seen Brent test yearly lows.
According to ING chief currency strategist Chris Turner, a peace agreement could be a significant economic stimulus for Europe, helping to drive down energy prices.
