Asian stocks look set to climb after shaking off trade jitters ahead of Trump-Kim summit

Asian markets looked set to advance in early Tuesday trade as investors shrugged off trade-related jitters and ahead of several key events this week, including a highly anticipated meeting between U.S. President Donald Trump and North Korean leader Kim Jong Un in Singapore.

The high-profile Trump-Kim summit — the first meeting between sitting leaders of both countries — is set to take place Tuesday morning, but analysts have said they expect little direct impact on the markets.

Trump and Kim will likely discuss future bilateral ties, although no major breakthroughs are expected from the meeting.

Markets’ positive tone came despite the uncertainty in anticipation of several key events expected this week.

The risk-on tone may have been a function of low volumes ahead of the Federal Reserve and European Central Bank this week, as asset allocators are unlikely to make strategic investment decisions until those events and the Singapore summit are out of the way.

Ahead, the Fed begins its two-day policy meeting on Tuesday, with markets expecting a quarter-point interest rate hike announcement on Wednesday. The ECB and Bank of Japan hold meetings in the second half of the week.

 Trader Aleksandar Kumanov

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance