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Trade War?

Daily Recap

Stocks took heart across the globe as North and South Korea plan talks for the first time in many years, with denuclearization apparently on the table. Added to that was further push-back against possible tariffs by key Republicans, making a trade war seem less likely.

This boosted equities in Asia, with the Asia Dow gaining a big 1.13 %, and in Europe, with the STOXX 600 up 0.13%, after being much higher earlier. US stocks followed through on yesterday's strong performance, with the Dow and the NASDAQ both up 100 points moments after opening.

The US dollar sold off on news of lessened tensions on the Korean peninsula, which boosted the precious metals. Gold closed with a $14 gain, silver up 29 cents, and platinum up $8. XAU closed at 89.80, up 2.15%. Crude oil was about unchanged at $62.49.

Fixed income markets were quiet, up or down a few ticks all day. The ... Log in or subscribe to continue reading.

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