(Reuters) – Ukrainian President Voldimia Zelensky was leaving the White House after a controversial oval office meeting with President Donald Trump early Friday, White House officials said.
Zelensky “is not ready for peace when America is involved,” US President Donald Trump said in his post on True Society on Friday following a controversial meeting between leaders of the elliptical office.
“I feel our involvement gives him a great advantage in negotiations, so President Zelensky has decided that he is not ready for peace if America is involved. I don’t want any benefits. I don’t want peace.
The S&P 500 came back to a 1.5% increase at 5,954.50 after a temporary soak. The euro extended a small loss, with a 0.24% off at 1.0372. In European equity futures, DAX and CAC40 futures fell 0.6%, while Eurostoxx 50 futures fell 1.4% and finally fell 0.8%.
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Josetores, an interactive broker and senior economist in Greenwich, Connecticut.
“Two times today, we saw traders come in and defend the extremely 5840 level in the S&P. This corresponds to a 5% drawdown from peak. For the first time, after monthly consumer spending recorded the most sharp month’s decline in four years, the index bouncing off. The fierce exchange between Trump and Zelensky brought it down to 5837, at which point the traders stepped in. Also, when it comes to trying to surprise the market, the bar is pretty high. We have wild shaking in many ways, including geopolitical events like this. So people are favored for these daytime swings. Ultimately, the market wants peace between Ukraine and Russia, but how it is done is extremely important. Something too one-sided that prefers Moscow will be a negative of the market.”
Carol Schreif, Chief Market Strategist, BMO Private Wealth, Minneapolis, Minnesota
“The market continues to focus on tariff policies. That is how much, who, when, and what it means for business activities and consumer spending and trust. Most US investors (and voters) pay attention to what hit the pocketbook close to their homes, and Russia/Ukraine has been just one of many global considerations on this edge for a very long time.”
“On the other hand, it seems more clear that Ukraine’s defense and dealing with Russia will be up to them, so European markets could have a more impact.”
Adam Sarhan, Chief Executive Officer, 50 Park Investments, New York
“The market is not usually a good thing between the two leaders of the world, especially when it is related to war. When I saw it on the news, live, it was pretty worrying. It was pretty worrying. Trump can come to him. Mexico.”
Marshall Front, senior managing director of Front Barnet, a Chicago merisaw company
“As an investor, you have to wait and see what the outcome is. Rather, you jump to some conclusion. Trump desperately wants to do something. Zelenskiy wants to accomplish something. Putin does. The question is, where it will settle. I don’t know. The reaction in the market was predictable. When people started watching this show, the market sold out. As Zelenskiy left calming down, I’m not sure.”
“Trump’s extremes about Ukrainian policy are: “It creates a lot of uncertainty about this issue. And the uncertainty hates the market. They (investrs) are trying to see where things are going without much information.”
Spencer Hakimian, CEO of Tru Capital Management, New York
“This is awfully risky, but it’s very bullish for European defence manufacturers as they need to be armed through domestic producers. We bought those stocks for the first time in January.”
Rick Meckler, Partner, Cherry Lane Investments, New Vernon, New Jersey
“I don’t think he’ll hurt the market that much because of what he had to say, but the unconventional nature of it raised the question of how unpredictable and uncertain the Trump administration is. The market likes certainty. It likes planning. There’s so much in this government, of predictability and a more traditional approach to diplomacy.”
David Wagner, Head of Equity at APTUS Capital Advisors in Fairhope, Alabama
“The S&P 500 is beginning to see its first pullback in 2025. On the surface, the S&P is -5% off the high, but there was a dramatic movement under the index’s hood. Here’s the point here: Much of the motion appears to be driven by the “Royend’s placement” compared to “fundamental pain” and “fundamental pain.” And looking at the revenue season for this quarter, it helps us to test that idea as we saw the narrowest gap between the Mag 7 and the remaining 493 revenue since the first quarter of 2023.
“But with the NVDA behind us, we are hoping that as the revenue season is essentially over, many policies from Washington, D.C. will determine some short-term volatility in the market.”
Jack McIntyre, Portfolio Manager, Brandy Wine Global, Philadelphia
“It’s getting in the way, but perhaps this is part of Trump’s way of negotiations… Now, the big driving force in the market is a lot of different levels of uncertainty, just another part of it. It seemed we were heading towards progress between Russia and Ukraine.
(Edited by the Global Finance & Markets Breaking News team)
