Today's Edition
London (AFP)
Wall Street shares fluctuated while Europe stock markets fell on Monday ahead of pivotal talks between US President Donald Trump, Ukrainian counterpart Volodymyr Zelensky and European leaders in Washington.
The broad-based S&P 500 was flat and the tech-heavy Nasdaq rose slightly in early deals in New York. European markets were in the red in afternoon deals.
Oil prices seesawed as traders weighed the impact of the talks and they could mean for sanctions-hit Russia, a major producer of crude oil.
The gathering is a follow-up summit to Trump's meeting with Russian President Vladimir Putin in Alaska, which failed to produce a ceasefire in the war in Ukraine.
Zelensky, who is under pressure from Trump to give up Crimea and abandon its NATO ambitions, said ahead of the gathering in Washington that Russia "should not be rewarded" for its war.
Investors are also focused on a speech this week by US Federal Reserve chief Jerome Powell at the annual retreat of global central bankers in Jackson Hole, Wyoming.
Markets hope Powell will provide more clues about the Fed's plans for interest rates when it meets next month after data last week provided a mixed picture about inflation.
Consumer inflation remained steady last month, but producer prices accelerated.
"While the official theme (of the retreat) is labour markets, investors will scrutinise any hint of September policy direction, especially after last week's mixed inflation data," said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.
In Asia, Shanghai, Sydney were higher Monday, while Seoul and Jakarta fell back.
Japan's Nikkei ended up, posting a new record high and adding to gains on Friday after better-than-expected economic growth data.
