Mike Pompeo says talks with North Korea are progressing quickly

US secretary of state Mike Pompeo comments in Singapore

  • Says Trump believes Kim has an unprecedented opportunity
  • Hopeful the summit will set the conditions for future productive talks
  • Ultimate objective being seek from North Korea has not changed
  • Any suggestion that US lacks technical expertise at talks is mistaken
  • Talks to come to a conclusion quicker than thought
  • Says Trump acknowledges North Korea's need for security
  • Tomorrow will be the clearest indication on whether North Korea shares US' vision
  • Sanctions to remain in place until North Korea denuclearises
  • Very optimistic will get successful outcome

The tone heading into meeting is that the two are set for some successful discussions - or at least productive ones - which will build the platform for future meetings as well. That won't take away any of the feel-good factor we have seen from equities and risk assets to start the week, but a poor outcome from the meeting can see markets take a bit of a hit considering all the positive anticipation right now.

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