MARKET UPDATE 29-May-18

The U.S. stock futures ticked higher as officials are expecting to revive what would be a historic meeting between President Trump and his North Korean counterpart.

The S&P 500 gained 0.2 percent while Dow Futures added 0.15 percent. Trade was subdued overnight with market holidays in the world’s two biggest financial centres – London and New York… While Singapore markets are closed today.

Traders will next focus their attention on US inflation data due later in the week, which could provide clues to future interest rate rises ahead of the Federal Reserve’s policy meeting next month.

So we’ll wait to see the implication this would have on our Fijian dollar in days ahead.

FX Rates 29.05.18

 

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