· The Dow Jones Industrial Average .DJI rose 5.78 points, or 0.02 percent, to 25,322.31, the S&P 500 .SPX gained 2.97 points, or 0.11 percent, to 2,782 and the Nasdaq Composite .IXIC added 14.41 points, or 0.19 percent, to 7,659.93.
All three major U.S. stock indexes closed slightly higher on Monday as investors eyed the looming United States-North Korea summit on Tuesday in Singapore while shrugging off the weekend’s factious meeting of the Group of Seven nations.
· Investors are also anticipating this week’s meetings of three of the world’s top central banks: the U.S. Federal Reserve, the European Central Bank and the Bank of Japan.
The Fed is widely expected to raise key interest rates on Wednesday, and on Thursday the ECB is seen moving toward a roll back of its crisis-era stimulus scheme.
· European banking stocks and Italian shares jumped on Monday after Italy’s new economy minister promised to keep the country in the euro, dissipating investors’ fears of a euro zone break-up and boosting sentiment after a fraught G7 summit.
Euro zone banks .SX7E rose 3 percent, helping the pan-European STOXX 600 gain 0.8 percent while Italy's FTSE MIB .FTMIB jumped 3.4 percent and Spain's IBEX .IBEX 1.6 percent.
Traders said Tria’s comments sparked short covering, exacerbating the move.
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· Asian markets were mixed in early Tuesday trade as investors shrugged off trade-related jitters and ahead of several key events this week, including a highly anticipated meeting between U.S. President Donald Trump and North Korean leader Kim Jong Un in Singapore.
Japan's Nikkei 225 rose 0.43 percent in early morning trade amid broad-based gains.
Other markets in the region were little changed. South Korea's Kospi slipped 0.12 percent and Australia's S&P/ASX 200 tacked on 0.03 percent.
Reference: Reuters
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