Please note that due to market volatility, some of the scenarios may have already been played out and the information below is not an investment advice.
Trump says Kim sign historic agreement: The leaders of the US and North Korea met this morning in Singapore, in a highly anticipated summit between the rival nations. Following the meeting, Trump told the press the two are “going right now for a signing.” However, despite describing it as a “very comprehensive” document, no details of which agreement has been reached were made public at the time of writing. Prior to the announcements, analysts were in agreement that a deal between the two countries will be beneficial for global markets, especially in Asia.
Ethereum Classic skyrockets on Coinbase listing: While the majority of the crypto market showed little volatility over the past 24 hours, news that popular exchange Coinbase will soon add Ethereum Classic to its offering caused the crypto’s price to spike. Following the news, ETC prices jumped by some 25%, however, gains were curbed slightly and the crypto was trading 22% higher at the time of writing.
Wall Street finishes slightly higher: The Dow Jones, Nasdaq and S&P 500 all eked out moderate gains yesterday. Some stocks reached all-time highs, including EA and 21st Century Fox.
Strong gains in Asia: Markets in the East had an extremely positive reaction to the Trump-Kim summit, as the China50 index leaped more than 2% and the Nikkei and Hang Seng indices each rose more than 1%.
Volatility expected for USD: Consumer Price Index reports are scheduled for release in the US at 12:30 GMT, potentially impacting the greenback.
Europe opens higher: The FTSE opened 5 points higher, the DAX was up 49 points and the CAC opened 11 points higher.
Thank you for reading and for your kind support! Feel free to upvote / follow / resteem.