European Stocks Close Lower as Traders Brace For Trump-Juncker Summit

European stocks finished modestly lower Wednesday ahead of a key meeting between U.S. President Donald Trump and European Commission President Jean-Claude Juncker that could provide clarity on trade relations between the U.S. and eurozone.

The Stoxx Europe 600 index dropped 0.3% to close at 387.17, falling back after a 0.9% rally on Tuesday, which was its biggest advance in a month.

The U.K.’s FTSE 100 index lost 0.7% to 7,658.26, paring back from its highest close since June 14, hit on Tuesday.

Germany’s DAX 30 index ended down 0.9% at 12,579.33 on Wednesday, while France’s CAC 40 index slipped 0.1% to 5,426.41. Losses for the French index curbed by LVMH Moët Hennessy Louis Vuitton SE rising 1.8% after reporting a 41% jump in first-half profits.

Source : Marketwatch

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Trump: ‘Gave Up Nothing’ to Putin at Summit

U.S. President Donald Trump said Monday that he “gave up nothing” to Russian President Vladimir Putin at last week’s summit in Helsinki, but details of their one-on-one meeting remained elusive.

“We merely talked about future benefits for both countries,” Trump said on Twitter. “Also, we got along very well, which is a good thing except for the Corrupt Media!”

He blamed the mainstream news media, “Fake News” as he called it again, for “talking negatively” about his meeting with Putin.

Trump and Putin met behind closed doors for more than two hours with only their translators in the room with them. At various times since then, Trump has said that the two leaders talked about Russian interference in the 2016 U.S. presidential election, stopping global terrorism, security for Israel, the need to curb a nuclear arms race between their countries, Moscow’s 2014 annexation of Ukraine’s Crimean peninsula, cyberattacks, trade, Middle East peace, North Korea’s nuclear weapons and more.

But details of what Trump and Putin may have decided have not emerged. Trump late last week invited Putin to visit the White House in a few months for a second summit.

Back home from the first one, the U.S. leader drew widespread criticism – from Trump’s fellow Republicans and opposition Democrats alike – for his performance at the joint news conference he had with Putin, where Trump embraced Putin’s “extremely strong and powerful” denial that Russia had meddled in the 2016 U.S. presidential election, rather than defending the U.S. intelligence community’s conclusion that Moscow had interfered.

By Sunday night, however, Trump was calling the Russian interference story “all a big hoax,” and blaming former president Barack Obama for not intervening to stop it because Obama thought Democrat Hillary Clinton would defeat Trump in the election two years ago.

Source : VOA

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U.S. stock futures inch higher with earnings, Trump-Putin summit in focus

U.S. stock futures edged up Monday, putting the equity market on track to build on last week’s rally as investors looked for another batch of high-profile earnings reports to help steer trading.

A highly anticipated meeting between President Donald Trump and Russian President Vladimir Putin was also in focus.

Futures for the Dow Jones Industrial Average rose 49 points, or 0.2%, to 25,053, while those for the S&P 500 index picked up 2.55 points, or 0.1%, to 2,805.75. Futures for the Nasdaq-100 index added 8.25 points, or 0.1%, to 7,401.25.

Source: Marketwatch

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