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The Trump-Putin Alaska summit ended without any breakthrough on Ukraine, though both leaders cited progress on unspecified issues. Markets reacted calmly, with analysts noting no sanctions impact and limited geopolitical influence on investor sentiment.
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The dollar weakened on Friday. This happened after a week filled with economic data. The possibility of a Federal Reserve interest rate cut in September remains. Traders are closely watching the meeting between Donald Trump and Vladimir Putin regarding Ukraine. Markets are also awaiting the Jackson Hole symposium for further clues on the Fed's next move.
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News and Media
Global stock markets remained stable near record highs on Friday. Donald Trump and Vladimir Putin met in Alaska to discuss Ukraine. US Treasury bond prices declined amid expectations of a Federal Reserve rate cut. The Dow reached a new intraday high. European shares saw a slight pullback after nearing a five-month high.
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News and Media
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