U.S. markets ended flat after President Zelenskyy and European leaders convened at the White House, while the dollar edged higher on a mix of geopolitical developments and a softer housing market index.
Key moves
- U.S. stock indices were essentially unchanged: Dow fell 0.08%, S&P 500 down 0.01%, Nasdaq up 0.03%.
- The NAHB Housing Market Index fell to 32 from 34, the third‑lowest reading since 2012.
- President Zelenskyy and EU leaders met with President Trump to discuss the Russia‑Ukraine war; Trump said the U.S. would “try to work out a trilateral” deal and that “progress is being made.”
- Trump reiterated that the U.S. is “here to stop the war” and that a return of hostages would follow the defeat of Hamas.
- The U.S. dollar finished higher against most majors: EUR +0.27%, JPY +0.45%, GBP +0.37%, CHF +0.07%, CAD –0.10%, AUD +0.20%, NZD +0.02%.
- USD/JPY peaked near 147.9, retreating to 147.86; the 100‑bar moving average at 147.908 is a key support/resistance level.
- EUR/USD and GBP/USD were near daily lows, trading around 1.1663 and 1.3545 respectively, with their 100‑hour moving averages as potential turning points.
- U.S. Treasury yields edged higher: 2‑year at 3.769% (+1 bps), 5‑year at 3.850% (+0.5 bps), 10‑year at 4.335% (+0.7 bps), 30‑year at 4.935% (+1.1 bps).
Summary
Geopolitical talks and a modest housing market dip helped keep markets in a holding pattern, while the dollar’s small gains reflect uncertainty over U.S. policy and the pace of the Fed’s next moves.
(Source)
