How Putin could try to outmaneuver Trump when they meet
FILE PHOTO: U.S. President Donald Trump and Russia’s President Vladimir Putin talk during the family photo session at the APEC Summit in Danang, Vietnam November 11, 2017.
Jorge Silva | Reuters
Russian President Vladimir Putin’s standing in the West may be pretty low, but he’s a skilled and seasoned statesman who shouldn’t be underestimated, analysts say — and he’s likely to be looking to outmaneuver his less experienced U.S. counterpart when the leaders meet in Alaska on Friday.
Putin and U.S. President Donald Trump are meeting to try to negotiate an end to the war in Ukraine, but close followers of Moscow’s leadership are skeptical that any lasting resolution will be reached at the summit.
Here are the opening calls
The City of London financial district at sunrise.
Alexander Spatari | Moment | Getty Images
Good morning from London, and welcome to CNBC’s live blog covering all the action and business news in European financial markets on Thursday.
Futures data from IG suggests a generally positive open for European indexes, with London’s FTSE 100 seen opening 0.15% higher, France’s CAC 40 and Germany’s DAX are seen opening around the flatline, and Italy’s FTSE MIB slightly higher.
The pullback in sentiment among European bourses comes ahead of the latest indicator of the state of health of major regional economies, with gross domestic product readings from the U.K. and European Union on Thursday.
European markets had ended the day higher on Wednesday, with the pan-European Stoxx 600 index rising 0.55% after the S&P 500 and Nasdaq Composite rallied to new records yesterday. Investors are gearing up for more inflation data to assess the state of the U.S. economy.
The producer price index, due Thursday, will be significant factors in the direction interest rates take at the Federal Reserve’s next meeting in September.
— Holly Ellyatt
What to keep an eye on Thursday
An aerial drone view shows the Reichstag (upper left corner) in Berlin, Germany, on February 22, 2025.
Nurphoto | Nurphoto | Getty Images
Earnings are set to come from Adyen, Swiss Re, Hapag-Lloyd, RWE, Talanx, CVC Capital Partners, Aviva, Antofagasta and Carlsberg on Thursday.
On the data front, U.K. second-quarter preliminary gross domestic product figures are released at 7 a.m. London time, followed by the latest French inflation figures shortly after and the EU employment and GDP data at 10 a.m. London time.
— Holly Ellyatt
