Global markets climb on Ukraine-Russia peace hopes

Source Cryptopolitan

U.S. and EU stock futures rallied on Thursday, driven by hopes for a peace deal between Ukraine and Russia despite fresh inflation worries that could block any Federal Reserve rate cuts this year.

Heightened trade tensions added to market uncertainty after President Donald Trump vowed to impose reciprocal tariffs on countries that charge duties on American imports. Gold prices held near record levels, trading at $2,902 per ounce, close to the all-time high of $2,942.7 reached on Tuesday.

In currency markets, the Japanese yen was the biggest casualty of rising U.S. yields, with the dollar at 154.52 yen after a 1.3% jump overnight. By contrast, the euro strengthened to $1.0392, up 0.2% on the day, buoyed by Trump’s talks with Russian President Vladimir Putin and Ukraine’s Volodymyr Zelenskiy. Oil extended its overnight fall of more than 2%, with U.S. crude down 0.7% at $70.88 a barrel and Brent also off 0.7% at $74.66.

Asian shares gained ground, as EUROSTOXX 50 futures rose 1%, Nasdaq futures up 0.4%, and Japan’s Nikkei climbing 1.1%. The Hang Seng advanced 1% to reach a four-month high, while Chinese blue chips stayed flat. Treasury yields spiked to 4.66% overnight, then eased to 4.6151%. Barclays analysts still see one Fed rate cut this year but warned of scenarios where no cuts occur.

Despite the market’s upbeat tone, senior analyst Kyle Rodda at Capital.com cautioned that proposed peace terms—including Ukraine forgoing NATO membership—remain “a large ask,” given deep distrust of Russia’s commitments.

Cryptopolitan Academy: FREE Web3 Resume Cheat Sheet - Download Now

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
What Crypto Whales are Buying For May 2025Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
Author  Beincrypto
Apr 21, Mon
Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
placeholder
Gold Price Forecast: XAU/USD attracts some sellers below $3,250 on firmer US DollarThe Gold price (XAU/USD) extends the decline to around $3,245 during the early Asian session on Thursday. The precious metal edges lower to near a two-week low amid easing US-China trade tensions and stronger US Dollar (USD) demand. 
Author  FXStreet
May 01, Thu
The Gold price (XAU/USD) extends the decline to around $3,245 during the early Asian session on Thursday. The precious metal edges lower to near a two-week low amid easing US-China trade tensions and stronger US Dollar (USD) demand. 
placeholder
Ripple Price Prediction: XRP signals breakout as spot ETF prospects brightenRipple (XRP) price remains firmly supported at $2.20, while trading at $2.22 at the time of writing on Friday.
Author  FXStreet
18 hours ago
Ripple (XRP) price remains firmly supported at $2.20, while trading at $2.22 at the time of writing on Friday.
placeholder
Gold looks set for weekly loss as news of trade talks curb haven demandGold (XAU/USD) trades around $3,250 on Friday,  recovering slightly from two-week lows after three straight days of losses. The losing streak that took place this week was the sum of a whole package of headlines that all had one theme in common: easing on tariffs. 
Author  FXStreet
18 hours ago
Gold (XAU/USD) trades around $3,250 on Friday,  recovering slightly from two-week lows after three straight days of losses. The losing streak that took place this week was the sum of a whole package of headlines that all had one theme in common: easing on tariffs. 
placeholder
Could XRP ETF Approval Be Near? Ripple To Meet SEC Chair Paul Atkins On May 2As positive shifts in cryptocurrency regulation unfold under President Donald Trump’s second administration, speculation is mounting regarding the potential approval of spot XRP ETF applications. 
Author  Bitcoinist
18 hours ago
As positive shifts in cryptocurrency regulation unfold under President Donald Trump’s second administration, speculation is mounting regarding the potential approval of spot XRP ETF applications. 
goTop
quote