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Nasdaq tumbles, European shares rise on Ukraine peace efforts

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Europe’s gains were limited by declines in defence stocks, as traders took profits after the sector’s strong recent run.

NEW YORK: Wall Street stocks fell, European equities rose and oil edged down on Tuesday as traders assessed the previous day’s White House talks on the war in Ukraine, and looked ahead to a key meeting of central bankers.

US President Donald Trump said he hoped Russia’s Vladimir Putin would move forward on ending the war in Ukraine but conceded the Kremlin leader may not want to make a deal.

On Monday, Trump told Ukrainian President Volodymyr Zelensky the US would help guarantee Ukraine’s security in any agreement to end Russia’s war there, though the extent of any assistance was not immediately clear.

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