Investors await outcome of North Korea / US summit after G7 debacle

by | 11 Jun, 2018

Donald Trump’s G7 appearance was highly charged

What a week it’s been for US politics and the global markets. President Trump maintained his combative stance towards other G7 leaders at the summit in Quebec, Canada over the weekend. According to his trade and economic advisors (Peter Navarro and Larry Kudlow), fruitful discussions were held between the Western leaders including President Trump and Justin Trudeau, but after Trump left the event, the Canadian PM slammed Trump’s planned tariff action against G7 nations in a news conference with domestic media, and Trump responded in kind, calling his word’s “false statements” and accusing him of being “dishonest and weak”.

As usual, House Democrats were furious, with many claiming that by attacking close US allies, Trump was actively undermining the rules-based international system which has guaranteed relative peace and prosperity since the end of WW2. After, he said Russia should be included in the G7 (making it the G8 once more), a statement which raised eyebrows once again, given the ongoing investigation into possible collusion between the Trump campaign team and the Russians, led by Robert Mueller.

For investors however, the main focus will now be on Singapore and not trade concerns with the G7. Trump is due to meet Kim Jong-un tomorrow at 9AM (Singapore Time) for what could prove to be one of the most important summits of all time. US stock futures rose this morning, but we should expect some volatility soon. If positive news comes out of the US/NK summit, global stock markets could rise bullishly!

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ALL RIGHTS RESERVED © INVSTR LTD. 2018

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.

 

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