AFP, Hong Kong :
Major markets in Asia and Europe rose Tuesday after Donald Trump and Kim Jong Un held a historic summit, while investors look ahead to key policy meetings at the Federal Reserve and European Central Bank this week.
Trump said he had formed a “special bond” with the North Korean leader, who reaffirmed his commitment to “complete denuclearisation of Korean Peninsula” in a joint agreement signed by the two.
While the meeting was not expected to see any immediate results, it has provided hope for peace on the Korean peninsula.
However, investors remain concerned about a possible global trade war after the weekend’s Group of Seven summit in Canada ended with Trump withdrawing support for a joint communique and accusing host Prime Minister Justin Trudeau of being dishonest.
That came just after he had hit Canada, Mexico and the European Union with steel and aluminium tariffs, sparking threats of retaliation that some fear could escalate.
For most of the day eyes were on Singapore, where Trump and Kim became the first sitting leaders of their countries to meet.
The pair signed what Trump called a “pretty comprehensive” and “very important” document, which spoke of “new US-DPRK relations” and committed Washington to “security guarantees”.
Kim said the two Cold War foes had vowed to “leave the past behind” and promised “the world will see a major change”.
Major markets in Asia and Europe rose Tuesday after Donald Trump and Kim Jong Un held a historic summit, while investors look ahead to key policy meetings at the Federal Reserve and European Central Bank this week.
Trump said he had formed a “special bond” with the North Korean leader, who reaffirmed his commitment to “complete denuclearisation of Korean Peninsula” in a joint agreement signed by the two.
While the meeting was not expected to see any immediate results, it has provided hope for peace on the Korean peninsula.
However, investors remain concerned about a possible global trade war after the weekend’s Group of Seven summit in Canada ended with Trump withdrawing support for a joint communique and accusing host Prime Minister Justin Trudeau of being dishonest.
That came just after he had hit Canada, Mexico and the European Union with steel and aluminium tariffs, sparking threats of retaliation that some fear could escalate.
For most of the day eyes were on Singapore, where Trump and Kim became the first sitting leaders of their countries to meet.
The pair signed what Trump called a “pretty comprehensive” and “very important” document, which spoke of “new US-DPRK relations” and committed Washington to “security guarantees”.
Kim said the two Cold War foes had vowed to “leave the past behind” and promised “the world will see a major change”.
