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Yahoo Finance’s Seana Smith and Jared Blikre discuss investors’ reaction to Trump canceling his meeting with North Korea’s Kim Jong Un, as well as the other big headlines moving the market on Thursday.
Here’s a quick wrap up of other headlines making news today.
If history is any guide, stock investors should not be afraid of the signals coming from the bond market, UBS strategists say. At least, not yet.
There are a lot of risks piling up for stocksAFP/Getty ImagesDMAMBMCMDMEMGPREVIEWZBZBRZDZDRZFZGZQZRZSZTZUStock market bulls might consider this column to be a hate read, as bears have been wrong for a good nine years now.
Wall Street stocks were poised for modest gains on Friday, with geopolitics still a distraction for investors, but a clutch of economic data and Fed speakers are swinging into focus ahead of the long holiday ...
At around 4:45 a.m. ET, Dow futures rose 62 points, indicating an implied open of around 41 points higher. The moves in pre-market trade followed Trump's abrupt decision to scrap a landmark summit with North Korean leader Kim Jong Un.
Italian stocks were the worst performers in Europe, with Italian banks dropping as the country’s government borrowing costs rose. European stocks rose on Friday with the Euro Stoxx 50 up by 0.43 per cent, and most national bourses in the continent posting gains. A further sell off in Italian government debt saw the country’s 10-year bond yield rise to 2.126 per cent, up by 2 basis points as the market continues to digest the country’s new coalition of populist parties.
Global stocks remained resilient Friday, despite growing geopolitical concerns following President Donald Trump's cancellation of a summit with North Korea, as investors were soothed by a measured response from Pyongyang and calming volatility in U.S. stock markets. Trump's decision to scrap the much-anticipated June 12 meeting with North Korean leader Kim Jong Un, as well as his recent moves on tariffs and criticism of ongoing trade talks with China, hasn't hit markets in a significant way this week, with the CBOE's key measure of equity volatility, the VIX index, falling to four-month lows and 10-year government bond yields holding around the 3% mark. An official response from Vice Foreign Minister Kim Kye Gwan, which noted that North Korea was "highly appreciated President Trump for having made the bold decision, which any other U.S. presidents dared not, and made efforts for such a crucial event as the summit," and suggested talks could still place, provided markets with broader support Friday as investors head into a three-day weekend in the U.K. and the United States.
Global shares were on the mend on Friday as Pyongyang's measured response to U.S. President Donald Trump's announcement to call off a key summit with North Korea healed market sentiment, although investors remained cautious. North Korean Vice Foreign Minister Kim Kye Gwan said Pyongyang still hoped for a "Trump formula" to resolve the standoff over its nuclear weapons programme, noting that the country was open to resolving issues with the United States.
HONG KONG (AP) — World stock markets were mixed Friday after North Korea issued a surprisingly restrained response to U.S. President Donald Trump's abrupt decision to cancel a planned summit.
Market sentiment was a little shaky on Friday with Asian shares on the defensive after U.S. President Donald Trump scrapped a key summit with North Korea, though investors' fears were calmed by Pyongyang's measured response to the cancellation. North Korean Vice Foreign Minister Kim Kye Gwan said Pyongyang still hoped for a "Trump formula" to resolve the standoff over its nuclear weapons programme, noting that North Korea was open to resolving issues with the United States.