US-RUSSIA: Trump-Putin Summit Schedule

Aug-15 08:32

The high-profile summit between US President Donald Trump and his Russian counterpart, Vladimir Putin, gets underway later today in Anchorage, Alaska. Trump is set to leave the White House at 06:45ET (11:45BST/12:45CET/19:45JST) and arrive at around 11:00 local time (15:00ET/20:00BST/21:00CET/04:00JST). He will then depart for Washington, D.C., at 17:45 local time (21:45ET/02:45BST/03:45CET/10:45JST), giving the two leaders just under seven hours together.

  • The Kremlin has said that an initial tete-a-tete involving just Trump, Putin and their interpreters will get underway ~11:30 local time (15:30ET/20:30BST/21:30CET/04:30JST). This will be followed by talks involving the delegations from both sides, and then a "working breakfast".
  • As noted on 14 August, the Russian delegation is a senior and sizeable one of five high-ranking ministers and officials (see 'US-RUSSIA: Kremlin: Putin-Trump Summit Starts 11:30 Local, Joint Presser After', 10:27BST). The Guardian reports that the US delegation is smaller, consisting of three senior officials: Secretary of State Marco Rubio, Secretary of Defense Pete Hegseth, and Middle East envoy Steve Witkoff. The Kremlin had previously talked up a 'five-to-five' summit.
  • The Kremlin has talked up the prospect of a joint press conference after the summit, but earlier in the week, Trump raised the prospect that if the summit does not go to his liking, he may walk out without doing the presser with Putin. There is no set time for any presser yet. 

Historical bullets

COMMODITIES: Gold Finds Support at 50-dma

Jul-16 08:27

A bull cycle in Gold that started Jun 30, remains intact and the yellow metal is holding on to the bulk of its recent gains. Note that medium-term trend conditions are bullish - moving average studies are in a bull-mode position highlighting a dominant uptrend. WTI futures maintain a bearish tone. The sharp reversal from the Jun 23 high continues to highlight scope for an extension lower and this suggests that recent gains have been corrective.

  • WTI Crude up $0.01 or +0.02% at $66.46
  • Natural Gas up $0.01 or +0.37% at $3.537
  • Gold spot up $16 or +0.48% at $3339.9
  • Copper down $5.35 or -0.96% at $552.8
  • Silver up $0.29 or +0.77% at $37.9798
  • Platinum up $10.54 or +0.77% at $1381.05

OAT: Futures Blocked

Jul-16 08:27

OATU5 3.56K lots blocked at 122.47, would suggest was buyer initiated based on price action. DV01 ~EUR350K.

EQUITIES: Futures Extend Tuesday Weakness

Jul-16 08:25

S&P E-Minis are trading in a range, closer to their recent highs. The trend condition remains bullish. Recent activity has resulted in a break of resistance at 6128.75, the Jun 11 high. The breach confirmed a resumption of the uptrend. A bull cycle in Eurostoxx 50 futures remains in play and the latest pullback still appears corrective. Recent gains have exposed key resistance and the bull trigger at 5486.00, the May 20 high.

  • Japan's NIKKEI closed lower by 14.62 pts or -0.04% at 39663.4 and the TOPIX ended 5.91 pts lower or -0.21% at 2819.4.
  • Elsewhere, in China the SHANGHAI closed lower by 1.222 pts or -0.03% at 3503.777 and the HANG SENG ended 61.07 pts lower or -0.25% at 24529.05.
  • Across Europe, Germany's DAX trades higher by 15.18 pts or +0.06% at 24074.72, FTSE 100 higher by 11.26 pts or +0.13% at 8949.56, CAC 40 down 10.57 pts or -0.14% at 7755.19 and Euro Stoxx 50 down 19.75 pts or -0.37% at 5334.6.
  • Dow Jones mini down 39 pts or -0.09% at 44208, S&P 500 mini down 8.75 pts or -0.14% at 6275.25, NASDAQ mini down 65 pts or -0.28% at 22991.