- Reuters/Benoit Tessier
Here is what you need to know.
North Korea moves to save the summit with the US. Within 12 hours of President Donald Trump’s cancellation, North Korea backtracked on threats to “reconsider” the summit and said it would meet with the US president “at any time” should he change his mind.
The 10-year is back below 3%. The benchmark yield is down 1 basis point at 2.96% and flirting with its lowest close in over a month.
Gold demand is making a comeback – and Meghan Markle is at least part of the reason. “Around that time (of the engagement), we started seeing more sales of yellow gold and the last couple months it’s increased more,” David Borochov of the New York-based R&R Jewelers told Reuters. “Yellow gold jewelry sales have risen about 30% this year.”
Japan is struggling to boost inflation. Core inflation, which excludes fresh-food prices, rose by just 0.5% year-over-year in Tokyo and is at its lowest level since September, Japanese government data showed.
Netflix briefly tops Disney in value. The streaming-video giant touched a record high Thursday and briefly passed Disney in terms of overall market value.
Blue Apron surges after Kroger buys a rival. Shares gained as much as 9% Thursday after Kroger announced it was buying the meal-kit-delivery company Home Chef for an initial payment of $200 million plus up to another $500 million if certain milestones are met over the next five years.
US markets are closed Monday in observance of Memorial Day. In addition, the US Treasury market will see an early 2 p.m. ET close on Friday.
Stock markets around the world are mixed. Japan’s Nikkei (-0.51%) trailed in Asia, and Germany’s DAX (+1.11%) is out front in Europe. The S&P 500 is set to open up 0.21% near 2,734.
Earnings reports trickle out. Foot Locker reports ahead of the opening bell.
US economic data keeps coming. Durable goods will cross the wires at 8:30 a.m. ET, and University of Michigan consumer confidence is due out at 10 a.m. ET.