European stocks are expected to open higher after the S&P 500 hit a new record high despite concerns about consumer spending. U.S. economic reports due later today could provide more insight. Tech stocks may be in focus after Applied Materials’ disappointing forecast. The Trump administration is considering investing in Intel. Asian markets were mostly up, with China’s retail sales and industrial output missing expectations. U.S. stocks ended mixed after a higher-than-expected PPI inflation print. European stocks closed at a two-month high on hopes of peace in Ukraine following the Trump-Putin summit.

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