In European Equity Markets indices closed higher Monday afternoon ahead of a historic meeting between President Donald Trump and North Korean leader Kim Jong Un. The pan-European Stoxx 600 closed provisionally 0.8 percent higher with most sectors in positive territory. The Italian index was the top performing market in Europe, up by more than 2.4 percent. Banking stocks led the way among Europe’s business sectors more broadly, up 1 percent as traders expect further monetary tightening from central banks this week. The food and beverages sector was also among the top performers, up 0.9 percent after some ratings upgrades.

In Currency Markets the euro rose to a near two-week high on Monday after assurances from Italy that it would not leave the European Union calmed investors’ nerves before a key European Central Bank (ECB) policy meeting. Euro rallied half a percent to $1.1816 towards a two-week high of $1.1840 touched on Thursday. The Mexican peso and Canadian dollar, which has been effected by fears that Trump may scrap the North American Free Trade Agreement (NAFTA), both fell 0.6 percent. Elsewhere the Swiss franc weakened nearly 0.3 percent to 1.162 francs to the euro after voters rejected a plan to transform Switzerland’s financial landscape.

In Commodities Markets oil prices fell on Monday, pulled down by rising Russian production and the highest U.S. drilling activity in more than three years. Analysts expect higher U.S. output to offset supply curbs by the Organization of the Petroleum Exporting Countries (OPEC), which have been in place for 18 months and have pushed up prices significantly over the past year. Benchmark Brent crude was down 65 cents at $75.81 a barrel. U.S. light crude fell 60 cents to $65.14. The number of new rigs drilling for oil in the United States rose by one last week to 862, its highest since March 2015, data from energy services company Baker Hughes showed.

In US Equity Markets the S&P 500 edged higher on Monday, helped by gains in bank shares and utility Sempra Energy, as investors looked past a chaotic G7 meeting over the weekend and focused on a historic U.S.-North Korea summit. The S&P 500 was up 0.10 percent, at 2,781.94 and the Nasdaq Composite rose 0.18 percent, at 7,659.12. The S&P financial index was up 0.2 percent, led by gains in U.S. banks. The biggest driver on the S&P 500 was Sempra Energy, which surged 14.6 percent after two shareholders, Elliott Management and Bluescape Resources Co, recommended six new directors for the company’s board and pushed a strategic review of its business.

In Bond Markets U.S. Treasury yields rose on Monday before the Treasury Department is due to sell $54 billion in new coupon-bearing supply, and with the Federal Reserve expected to raise interest rates on Wednesday. The Treasury Department will sell $32 billion in three-year notes and $22 billion in 10-year notes on Monday, to be followed by a $14 billion sale of 30-year bonds on Tuesday. The sales kick off a busy week of global central bank meetings and other geopolitical events. Benchmark 10-year notes fell 9/32 in price to yield 2.966 percent, up from 2.935 percent on Friday.