US stocks gain as traders look past Korea summit
FED RATE HIKE, BREXIT VOTE MORE OF A CONCERN FOR MARKETS
The meeting between President Donald Trump and Kim Jong-un was met with a collective shrug by global markets, which appear to be more fixated on a host of macro events and data due in a few days.
The S&P 500 Index opened higher yesterday, led by technology shares, while yields on 10-year Treasuries pushed closer to the 3 per cent threshold.
Safe-haven assets including the yen and gold edged lower as Trump and Kim signed a document pledging to work toward peace on the Korean peninsula.
A seemingly certain Federal Reserve rate increase today, plus the prospect of a hawkish European Central Bank tilt on Thursday, tease far more concrete developments for traders.
The pound fluctuated before Theresa May’s Brexit legislation goes to Parliament.