Overview

• Global equities opened modestly lower as investors digested Monday’s meeting between President Donald Trump and Ukrainian President Volodímir Zelenski in Washington accompanied by a coalition of EU and European leaders.
• Trump said he seeks a quick peace deal but ruled out any return of Crimea and Ukraine’s accession to NATO, shaping investors’ risk assessments.
• Spain’s Ibex 35 hovered around 15,272 points after recently reaching 15,000 for the first time since 2007, while Mexico’s S&P/BMV IPC and U.S. indexes posted slight declines.
• Oil prices rose as White House adviser Peter Navarro criticized India’s purchases of Russian crude, warning they financed Russia’s war efforts.
• Market participants are positioning ahead of the Jackson Hole symposium, where Fed Chair Jerome Powell is expected to signal future U.S. monetary policy direction.