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MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

Why US Markets Shrugged Off Trump-Kim Meeting

Annie Gilroy
Updated
Why US Markets Shrugged Off Trump-Kim Meeting

The much-awaited meeting between US president Trump and North Korean leader Kim Jong Un in Singapore concluded on June 12. The US president also stated that the US would be suspending US military exercises with South Korea, which was a surprise concession. Market participants are also quite skeptical of North Korea’s intentions regarding following up on the initial steps towards peace, as the country has backtracked on giving up nuclear ambitions in the past after making similar promises.

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