US President Trump met Russian President Vladimir Putin in Alaska on Friday, but the summit failed to yield any breakthrough on a ceasefire in Ukraine.
“Trump and Putin walked away without a ceasefire, without even the illusion of one,“ said Stephen Innes at SPI Asset Management.
Before the Alaska talks, US stocks wavered on Friday after mixed economic data, with retail sales up but an industrial production index and a consumer survey both down.
Japan's Nikkei ended up, posting a new record high and adding to gains on Friday after better-than-expected economic growth data.
But the National Economic and Social Development Council (NESDC) forecast overall growth for 2025 to fall between 1.8 and 2.3 percent. This is below the 2.5 percent seen in 2024, with the NESDC blaming the expected drop on the likely impact of US tariffs.
In Europe, London saw early gains while Paris and Frankfurt fell slightly at the open.
This week investor eyes will be on any clues on US interest rates at the Federal Reserve's annual retreat at Jackson Hole - AFP
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