European Shares Slip As Investors Await Fed Policy Signals And Trump-Zelenskiy Meeting

European shares dipped on Monday as investors weighed upcoming U.S. interest rate policy and a meeting between Trump, Ukraine’s Volodymyr Zelenskiy, and European leaders, according to Reuters. The STOXX 600 slipped 0.2% after reaching a five-month high, while Asian indices hit records. Markets are pricing in an 85% chance of a Federal Reserve rate cut at the September 17 meeting, with expectations for more easing by year-end. U.S. futures hovered near record highs, bolstered by strong earnings, especially from tech, with major retailers reporting this week. European bond yields climbed to their highest since 2011 on defense spending, while U.S. yield curves steepened on deficits and stagflation concerns. The dollar softened, gold rose to $3,349 an ounce, and Brent crude added 0.4% to $66.08.