European Shares Seen Mostly Higher As Traders Eye Ukraine Peace Talks
From Nasdaq: 2025-02-18 00:29:09
European stocks are expected to open flat to slightly higher as investors weigh the impact of higher U.S. tariffs and anticipate a key meeting on the Ukrainian conflict. President Xi Jinping promises support for China’s private sector after meeting with technology leaders. Asian markets are mixed, with optimism around China’s economic revival. The Japanese yen strengthens on strong Q4 GDP data, while the Reserve Bank of Australia cuts interest rates for the first time in four years. Gold prices rise above $2,900 per ounce, and oil prices increase as OPEC+ considers postponing a production hike. U.S. markets were closed for Washington’s Birthday. European stocks hit a record high, with defense stocks rallying as EU leaders discuss Ukraine and regional security.
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