Global equities traded near record levels as investors paused to assess recent gains. European stocks were little changed, while Asian markets declined, with both Japan and China falling about 0.5%. US equity futures pointed to a slightly weaker open, signaling a cautious tone at the start of the session.
On the geopolitical front, President Donald Trump said he had made progress in peace talks with Ukrainian President Volodymyr Zelensky during meetings in Miami, raising hopes of momentum toward a diplomatic breakthrough.
In commodities, copper staged a sharp rally, jumping as much as 6.6% to nearly $13,000 a metric ton, fueled by supply concerns and robust demand linked to power-grid investment and electrification.
By contrast, precious metals pulled back from record highs. Gold fell 1.5% to just below $4,500 an ounce, while silver slumped about 5% after briefly touching $85 an ounce, as some investors locked in profits following the recent surge.
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