The president called the meetings with both leaders "very successful," despite failing to reach a ceasefire deal.

US President Donald Trump has ditched his call for a ceasefire in Ukraine, backing instead Russian President Vladimir Putin’s push for a permanent peace agreement. That has not stopped some European leaders from pushing for a temporary truce first, even though the US president has seemingly decided one is not necessary.

The sector extended its losses in early trade on Wednesday, with the Stoxx Europe Aerospace and Defense index shedding 0.9% in early morning trade. During Tuesday's session, the index had moved 2.6% lower.

The secretary of state also said he didn't believe placing more sanctions on Russia would be effective to reach a ceasefire or peace deal.

U.S. special envoy to Lebanon to discuss potential ceasefire agreement with Israel after Beirut endorses plan to disarm Hezbollah terrorist group.

German Chancellor Friedrich Merz on Monday pressed for a ceasefire in the war in Ukraine before President Trump, Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky meet.

President Donald Trump said on social media Saturday that a deal better than “a mere Ceasefire” is in the works with Vladimir Putin, hours after Trump’s high-stakes summit with the Russian leader in Alaska failed to produce an agreement to halt Russia’s invasion of Ukraine.

Cambodia is accusing Thai forces of evicting villagers and erecting barbed wire despite their ceasefire, while Thailand says Cambodia is using land mines.