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18 Feb 2022

Shares Climb as Gold Dips amid Possible Ukraine-Russia Negotiations

The Index Today

Stock futures in Europe and the U.S. rebounded on Friday amid potential diplomatic talks between the U.S. and Russia, paving the way for possible resolution of the geopolitical tensions between the latter and Ukraine.

As a result, S&P 500 futures Esc1 and Nasdaq futures NQc1 surged by 0.7% and 0.8% respectively. FTSE futures FFIc1 edged higher by 0.4% while Euro Stoxx 50 futures rose 0.45%.

The U.S. State Department issued a statement saying that the Secretary of State, Anthony Blinken will be meeting Russia’s Foreign Minister Sergei Lavrov next week, as long as the latter abstains from attacking Ukraine.

As per IG Markets analyst Kyle Rodda, "it's better news than what we had yesterday.” However, he warned that negotiation does not always guarantee peace and that “the troops are still on the border, so risks remain."

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