• Global markets lower as Trump-Kim meeting cut short

    Global markets in general were all lower this morning as market participants kept in touch with geopolitical events around the world. In Europe, the CAC, DAX, EU Stoxx and FTSE all traded lower. In the US the Dow Jones Industrial Average (DJIA), NASDAQ and S&P 500 were all worse off. US President Trump and his North Korean counterpart Kim Jong Un, failed to reach an agreement as the North Korean’s demanded that their sanctions be lifted. This resulted in the meeting being cut short as the US did not agree to these demands. Furthermore, there still isn’t an agreement in place between the US and China over trade with US Trade Representative Robert Lighthizer alluding to the fact that there are still many obstacles before an agreement can be reached.

    In Brexit news, Jeremy Corbyn, the leader of the opposition Labour Party declared that they will back a second referendum over Brexit.

    In the US, the estimated GDP data will be released at 13:30 GMT.

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