In European Equity Markets indices ended Tuesday’s session just below the flat-line, as investors digested news coming out of a historic bilateral meeting between the U.S. and North Korea. At the close, the U.K.’s FTSE 100 slipped 0.43 percent, with France’s CAC 40 also dropping 0.38 percent. Germany’s DAX however ended flat. Switching focus to stocks, retailers led the gains with H&M jumping some 5 percent and Carrefour gaining over 3 percent. Carrefour was a top performer after the French firm agreed to partner with Google, in an online shopping tie-up.

In Currency Markets the dollar steadied against a basket of currencies on Tuesday as data showed U.S. consumer prices rose in May, matching analysts’ forecasts and reinforcing the view the Federal Reserve would raise short-term interest rates gradually. U.S. consumer prices rose marginally in May amid a slowdown in the pace of increases in the cost of gasoline, pointing to moderate inflation pressures. Against the dollar, the euro was flat on the day at $1.1792. Against the Japanese yen, the dollar was trading up 0.2 percent higher at 110.24 yen.

In Commodities Markets oil fell on Tuesday, reversing earlier gains, although volatility subsided to its lowest in three weeks, as investors prepared for a key meeting of the OPEC producer group next week. The Organization of the Petroleum Exporting Countries released its monthly report on Tuesday, in which it cited the high degree of uncertainty hanging over the global oil market this year. Brent crude futures fell 35 cents to $76.11 a barrel, while U.S. West Texas Intermediate crude futures traded 13 cents lower at $66.23.

In US Equity Markets stocks posted small gains on Tuesday as investors focused on the Federal Reserve’s policy meeting, while looking past President Donald Trump’s historic summit with North Korean leader Kim Jong Un. The S&P 500 was up 0.12 percent, at 2,785.21 and the Nasdaq Composite was up 29.07 points, or 0.38 percent, at 7,689.00. The biggest percentage gainer on the S&P 500 was Twitter, which jumped 6.1 percent after J.P. Morgan raised its price target by $11 to $50. Five of the 11 major S&P sectors were lower, led by a 0.2 percent decline in the healthcare index.

In Bond Markets the spread between Italian and German 10-year borrowing costs narrowed on Tuesday as positive news from a summit between North Korea and the United States followed reassuring comments from Italy’s new economy minister. The Italian/German 10-year bond yield gap briefly narrowed to 225 bps, its lowest in a week and compared with a gap of 268 bps at the end of last week. Two-year Italian bond yields were down 7 bps at 1.05 percent. Germany’s 10-year bond yield briefly reached its highest level in almost three weeks at 0.519 percent.