Stocks in Asia meandered and the yen weakened as investors await the details of a "comprehensive" and historic document signed by U.S. President Donald Trump and North Korean dictator Kim Jong Un.
With prospects for continued dialog between the two leaders diminishing geopolitical risks, the safe-haven yen offered the biggest reaction in an otherwise muted response by investors to the summit. Equities from Tokyo to Sydney swung between gains and losses. U.S. Treasury yields steadied. S&P 500 Index and FTSE 100 futures barely budged. The pound extended a decline as Theresa May’s landmark Brexit legislation goes to Parliament. Oil recovered as cracks in a pipeline threatened Nigerian exports.
Macro :
- Lagarde Sees Darker Clouds Over World Economy After G-7 Tiff
- Saudi Oil Output Said to Rise Above 10 Million Barrels a Day
Keep an eye on :
- ABBN SW : ABB CEO Says U.S. Tariffs Put Jobs at Risk: FT
- AIR LN : Air Partner Says Accounting Issue Has Been Contained, Resolved
- AAL LN ; M&G Agrees to Acquire Anglo American London HQ: Evening Standard
- CA FP : Carrefour, premier distributeur européen à s'allier avec Google - Challenges
- CO FP : Casino Group to Sell About EU1.5b in Non-Core Assets
- CO FP : Casino Divestments Show CEO Addressing Debt Problem: Bernstein
- CO FP : Lack of Clarity on Casino Disposal May Hold Back Shares: Goldman
- CRST LN : Crest Nicholson 1H Pretax Dips 2% to GBP74.8m; Revenue Rises 13%
- DAI GY : Daimler to Recall 774,000 Diesel Vehicles in Europe
- HEI GY : HeidelbergCement Vision 2020 Shows Cash Generative Nature: Davy
- HDD GY : Heidelberger Druck Outlook on EBITDA Margin Disappointed: Lampe
- NHH SM : Minor to Buy Additional 3.57% of NH From Oceanwood for EU90m
- RRS LN : Randgold Sees Development Decision on Massawa Project By Yr End
- SIK SW : Sika Board to Receive CHF11.2m Pay Stalled by Family Shareholder
- GLE FP : Societe Generale Names Georges Wega Head of West Africa Region
- STERV FH : Stora Enso Holder Solidium Oy to Offer 14m Shrs via Carnegie
- TKA GY : Elliott Urges Thyssenkrupp to Negotiate Better Tata Deal (1)
- UN01 GY : Fortum Is Said to Win EU Approval for Uniper Stake Purchase:Rtrs
- WPP LN : Over 25% of WPP Holders May Have Voted Against Pay Report: Sky