European stocks are expected to open slightly higher on Monday amid hopes for a swift resolution to the Russia-Ukraine conflict. While the Trump-Putin summit did not produce a deal, a temporary ceasefire between Ukraine and Russia is still possible. President Trump suggested that Ukraine could end the war by ceding Crimea to Russia. U.S. housing data and central bank remarks will be in focus this week, with expectations for a September interest-rate cut. Big-box retailers will report earnings, and Asian markets were mostly higher. Gold prices rose, while oil prices steadied after the Alaska summit.

In the U.S., stocks ended mostly lower on Friday, with the S&P 500 posting its second weekly gain. The Nasdaq Composite declined due to chip stocks and weak consumer sentiment. European stocks had a mixed performance on Friday, with France’s CAC 40 rising, Germany’s DAX falling, and the UK’s FTSE 100 dipping. Fed Chair Jerome Powell’s upcoming speech will be closely watched for guidance on a rate cut in September. The likelihood of a rate cut is currently priced in at nearly 85 percent.

Read more at NASDAQ.: European Shares Seen Opening Up On Russia-Ukraine Hopes