South Korea set to change policy on North as liberal wins election (news: 09/05/17)

    Today's press

    • Moon Jae-in, a left-leaning liberal who favours engagement with North Korea, has won South Korea’s presidential election, raising hopes of a potential rapprochement with Pyongyang.

    • Asian stock markets inched down Tuesday following a lackluster Wall Street close and as the boost from Emmanuel Macron's always-likely French Presidential Election win failed to last.

    • LONDON (Reuters) – European stocks and global bond yields rose on Tuesday, with investor sentiment bolstered by historically low U.S. stock market volatility, last weekend's French presidential election result and solid corporate earnings.

    • Crude futures rose on Tuesday, hovering above a five-month low, as investors bet on more production cuts by major producers, in the hope that global stockpiles will be reduced.

    • The automobile market rebounded strongly after a short blip seen in sales in the immediate aftermath of the demonetisation drive in November.

    • The S&P 500 and the Nasdaq hit record intraday highs for the second day in a row on Tuesday as market volatility dropped to a decade low following Emmanuel Macron's victory in the French presidential election and strong U.S. corporate earnings.

    Next trading day's important events

    • 14:00 (GMT+3) ECB president Mario Draghi's speech


    Forex quotes:

    • USDJPY: 114.13
    • EURUSD: 1.0891


    Indices:

    • S&P 500: 2402.57
    • NASDAQ: 6126.81

    Source: Alpari

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