World stocks little changed but dollar falls against index of major currencies
Dollar index dips after US-North Korea summit, which is seen as symbolic; focus now shifts to the US Fed meeting later this week, as well as ECB and BOJ meetings
New York — World stock markets were little changed on Tuesday while the dollar fell slightly against an index of major currencies, as investors brushed aside a long-awaited US-North Korea summit aimed at denuclearising the Korean peninsula. US President Donald Trump and North Korean leader Kim Jong-un met in Singapore, pledging to work towards complete denuclearisation, while Washington committed to providing security guarantees for its old enemy. The MSCI all-country world index, which tracks shares in 47 countries, gained 0.07% on the day. The dollar index fell 0.04%, steadied in part by data on Tuesday showing US consumer prices rose in May amid a slowdown in the increase of petrol costs. The euro was up 0.06% to $1.1789. Investors had mixed reactions to the North Korea summit, which ended with the signing of a joint statement that gave few details on how the goals set by both sides would be achieved. "Any de-escalation is good, because in the background you always have worries a...
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