Strong US Inflation after US NK Singapore Peace Summit.

US inflation figures were released today, the highest in six years at 2.8 per cent. The new height in inflation can be attributed to the increase in oil prices, which are now at $76 USD a barrel. This news comes ahead of the US Federal Reserve (Fed) announcement tomorrow on interest rates, which is now looking more likely given the higher than expected inflation figure. At the same time, in Singapore there has been an apparent success with the policy of peace brokering employed by President Trump with North Korea. Following this news there was a mixed reaction from European markets, with US equity markets opening positively.