Landmark Koreas meeting shores up stock market sentiment - News Summed Up

Landmark Koreas meeting shores up stock market sentiment


Global stock markets tracked Wall Street higher on Friday on strong U.S. earnings and as hopes swelled over the landmark summit of the leaders from North and South Korea. KEEPING SCORE: In Europe, Germany's DAX rose 0.8 percent to 12,601 and France's CAC 40 added 0.3 percent to 5,469. The meeting comes amid mounting pressure on Kim's government to give up nuclear and missile development. The pound fell sharply on the news as traders priced in a lower likelihood of a rate hike next month. The lower pound helped boost sentiment towards exporters as well as increase the dollar-denominated earnings of the index's international companies.


Source: ABC News April 27, 2018 06:23 UTC



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