US-North Korea summit in focus this week – Nomura

US President Donald Trump and North Korea leader Kim Jong-un are scheduled to hold a summit on 12 June in Singapore and is likely to be the most important event for the week, according to analysts at Nomura.

Key Quotes

“Our base-line view is that an agreement in principle about denuclearisation on the Korean peninsula will be reached. Although not our base case, we do not completely rule out the possibility of another lastminute cancellation or delay of the summit, but assign only less than a 5% probability to this. Even if a cancellation or delay happens, however, we would see this as a part of the negotiation process and not a deal-breaker.”