US Stocks Rise Ahead of Trump-Kim Summit

June 11, 2018 Share Print 0

U.S. stocks rose on Monday, driven by gains in Facebook (FB.O) and a handful of healthcare stocks ahead of a highly anticipated meeting between President Donald Trump and North Korean leader Kim Jong Un

Officials from both countries sought to narrow differences on how to end a nuclear stand-off on the Korean peninsula as the stage was being set for the first ever meeting between the two leaders in Singapore on Tuesday.

“No one expects anything concrete to come of the meeting … but if the tone is positive afterwards, it won’t be a headwind for stocks,” said Ken Polcari, director of the NYSE floor division at O’Neil Securities in New York.

via Reuters

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.