Stocks in Europe drifted higher following gains across Asian markets, as investors took heart from a solid start to the earnings season and signs of improving relations between the U.S. and North Korea.
The yen dipped as President Donald Trump met Japanese Prime Minister Shinzo Abe. The yen dropped on early signs that the Trump-Abe summit won’t see new trade demands from the U.S., reducing risk concerns.
Meanwhile, sentiment got a boost from geopolitics, with Trump saying the U.S. and North Korea have already started direct talks at “extremely high levels” in advance of a planned meeting between the two nations’ leaders this summer.
Elsewhere, oil rebounded after U.S. crude stockpiles declined. Haven assets such as gold declined.
Source: Bloomberg Pro Terminal
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