U.S. equity futures followed Asian shares higher on signals an America-North Korea summit is back on track, but risk appetite showed signs of cracking in Europe as Italy’s political outlook darkened. The region’s stocks and the common currency both surrendered gains.
S&P 500 futures advanced, as did South Korean stocks, after President Donald Trump appeared to confirm that his June meeting with Kim Jong Un was back on. National gauges in Europe gradually turned lower, led by Italy’s benchmark, as populist leaders in the country pulled the plug on their attempt to form a government after the president rejected their choice of a euro-skeptic finance minister. Trading was somewhat subdued on what is a holiday in both the U.S. and U.K. Oil losses deepened after Saudi Arabia and Russia said they arediscussing reviving output.
Futures on the S&P 500 Index advanced 0.2 percent, the biggest gain in a week.
Source : Bloomberg