WORLD Following the two Koreas first summit in over a decade and the historic agreement to end hostilities and work toward “complete denuclearization” of the Korean peninsula, small steps towards reconciliation are taken. For instance, South Korea removes the loudspeakers that blared propaganda across the border. In return, North Korea decided to shift its clocks to align with South Korea.
WORLD Today’s focus will be on the ECB’s monetary policy meeting, where no change is expected to the policy settings underplaying worries over recent softness in the euro zone economy. Markets are looking forward to seeing whether recent Euro sell-off and its trading around its lowest level since mid-January against the greenback rendering it undervalued ahead of the European Central Bank’s policy update. The ECB decision is due at 1145 GMT and president Mario Draghi will begin his press conference at 1230.
WORLD Russia’s “irresponsible” behavior towards Syria conflict has drawn serious criticism by G7 foreign ministers on Monday who urged Russia “to cease this behavior” and to cooperate in resolving the crisis.
WORLD Korea switches off propaganda broadcasts while N. Korea announced halting missile and nuclear tests as they both prepare for the historic Inter-Korean summit on Friday.