The euro gained, and European stock index futures pointed to a stronger open after talks between the U.S. and Russia spurred optimism about a possible Ukraine resolution.
The Swedish, Danish, and Norwegian currencies also advanced, while oil fell for a second day on speculation that risks to Russian supply may ease.
A strong UK GDP print showed 0.4% estimated growth in December 2024, largely driven by growth in the service sector, following an unrevised 0.1% growth in November 2024. GBP/USD is now sitting back above 1.2500.
Gold remains near all-time highs above the 2900 level.
U.S. indices rose on average by about 0.3% overnight, retracing some of the CPI-driven sell-off from yesterday.
- Bitcoin fell 1.7% to $95,959.01.
- Ethereum rose 0.1% to $2,686.77.
- Litecoin rose 0.4% to $122.60.
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