CURRENCY MARKET WRAP 

As of Fri Jun 28th, Singapore Time zone UTC+8

Dollar Index +0.02%, 96.19     
USDJPY, -0.04%, $107.74
EURUSD, +0.02%, $1.1371        
GBPUSD, -0.13%, $1.2673
USDCAD, -0.25%, $1.3095

AUDUSD, +0.29%, $0.7005
NZDUSD, +0.33%, $0.6702

Trump will meet with President Xi on the second day of the G-20 summit (Friday night in the U.S., Saturday morning in Japan), which will provide the market more clarity on the prospects for a deal. The South China Morning Post indicated that the two sides reached a trade truce to advance talks, but NEC Director Larry Kudlow said no specific agreements have been made prior to the summit. The Wall Street Journal also followed up, specifying that President Xi will outline a set of conditions to Trump that the U.S. should meet in order to continue talks. 

U.S. Treasuries finished on a higher note, driving yields lower across the curve. The 2-yr yield and the 10-yr yield declined four basis points each to 1.74% and 2.01%, respectively. The U.S. Dollar Index was unchanged at 96.19. WTI crude increased 0.1% to $59.37/bbl.

STOCK MARKET WRAP 

S&P500, +0.38%, 2,924.92
Nasdaq, +0.39%, 7,657.05
Nikkei Futures, +0.84%, 21,227.5

S&P 500 advanced 0.38% on Thursday, snapping a four-session losing streak, as investors looked forward to the G-20 summit in Japan. Shares of financial companies led the broad-based advance, while energy stocks capped additional gains. Boeing (BA 364.02, -10.92) was a notable laggard, losing 2.9% after it disclosed that the FAA asked it to address a risk that its 737 software patch overlooked. Boeing said that it will need an additional three months to fix the issue, raising some questions about its earnings outlook.

In earnings news, Walgreens Boots Alliance (WBA 54.52, +2.14, +4.1%) and KB Home (KBH 25.39, +1.86, +7.9%) both pleased investors with their results. Conagra Brands (CAG 25.43, -3.50, -12.1%), on the other hand, let investors down with disappointing earnings results and guidance.