BEIJING (AP) — Global markets were mostly higher Monday as Donald Trump prepared to meet North Korean leader Kim Jong Un following the American president’s outburst at Canada’s prime minister over trade.

KEEPING SCORE: In early trading, Frankfurt’s DAX rose 0.6 percent to 12,845.25 and London’s FTSE 100 gained 0.5 percent to 7,722.01. Paris’s CAC 40 added 0.3 percent to 5,465.37. On Friday, the CAC 40 rose less than 1 percent while the DAX and the FTSE 100 both lost 0.3 percent. On Wall Street, the future for the Dow Jones industrial average was up 0.3 percent and that for the Standard & Poor’s 500 index rose 0.1 percent.

ASIA’S DAY: Tokyo’s Nikkei 225 rose 0.5 percent to 22,804.04 while the Shanghai Composite Index lost 0.5 percent to 3,052.78. Hong Kong’s Hang Seng added 0.3 percent to 31,063.70 and Seoul’s Kospi advanced 0.8 percent to 2,470.15. India’s Sensex added 0.7 percent to 35,689.79 while benchmarks in New Zealand and Southeast Asia also gained. Australian markets were closed for a holiday.

NORTH KOREA TALKS: U.S. and North Korean officials were preparing for a meeting Tuesday between Trump and Kim aimed at settling the standoff over the North’s nuclear arsenal. North Korea has reportedly said it is willing to deal away its entire nuclear arsenal if the United States provides it with reliable security assurances and other benefits. But many say Kim’s government is unlikely to give up weapons that help guarantee its survival.

TRADE TENSIONS: Trump took more swipes at Canadian Prime Minister Justin Trudeau, contending that “Fair Trade is now to be called Fool Trade if it is not Reciprocal.” Trump roiled the meeting of leaders of the Group of Seven major industrial economies by first agreeing to a group statement only to withdraw from it while complaining about Trudeau’s criticism of his tariff threats. After leaving Canada, Trump called Trudeau “dishonest” and “weak” on Twitter. German Chancellor Angela Merkel said she found Trump’s tweet disavowing the G-7 statement “a little depressing.”

ANALYST’S TAKE: “The far from harmonious Quebec summit confirmed deep-seated G-6+1′s expanding policy fissures on a plethora of significant concerns including climate change, the Iran nuclear deal and of course trade,” Stephen Innes of currency trader Oanda said in a report. “The Trump-Kim summit is the massive event that has a far-reaching regional implication. While the markets had low expectations going into G-7, assumptions are running high, so if the talks somehow go sideways, there could be a reasonably aggressive regional risk-off move.”

CENTRAL BANK WATCH: The U.S. Federal Reserve is expected to announce an interest rate hike on Thursday. Also Thursday, the European Central Bank is expected to give more indications about whether it might bring forward a rate hike now expected in mid-2019. On Friday, the Bank of Japan is due to give its latest policy update.

WALL STREET: U.S. stocks ended higher Friday, led by consumer products and health care companies. The S&P 500 and Dow both rose 0.3 percent while the Nasdaq composite advanced 0.1 percent.

ENERGY: Benchmark U.S. crude shed 17 cents to $65.56 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell 21 cents the previous session to close at $65.74. Brent crude, used to price international oils, lost 19 cents to $76.25 per barrel in London. It lost 86 cents the previous session to $76.46.

CURRENCY: The dollar rose to 109.96 yen from Friday’s 109.54 yen. The euro gained to $1.1812 from $1.1770.

___ – Here are the top five things you need to know in financial markets on Monday, June 11:

1. Trump rejects signing G7 communique, preps for summit with North Korea

Geopolitics will be in full throttle on Monday as traders head back to their desks after the weekend break. Expectations for the Group of Seven summit left no disappointments as trade tensions remained highly charge.

U.S. President Donald Trump refused to endorse a G7 declaration calling for a reduction of tariffs, as he continued to lash out at traditionally close allies for allegedly treating the U.S. unfairly.

After Canadian Prime Minister Justin Trudeau called the U.S. tariffs “insulting”, Trump responded by calling Trudeau’s press conference “very dishonest and weak”, further criticized Germany for spending less money on NATO than the U.S. and warned that his administration was looking at “tariffs on automobiles that are flooding the U.S. market”.

The German minister of economy Peter Altmaier insisted however that “the commotion at the G7 summit in Canada has brought the European Union closer together. It is important we show unity at all levels.”

Attention will now shift to Singapore where Trump prepares for a historic summit with North Korean Leader Kim Jong Un to take place on Tuesday. In reference to the meeting, Trump said, “I just think it’s going to work out very nicely.”

Both leaders arrived in Singapore on Sunday, officials from both sides held two hours of talks to discuss the difference of opinion on what denuclearization would entail.

U.S. Secretary of State Mike Pompeo said in a statement that the meetings were “substantive and detailed” but there was no immediate word on what the outcome was.

In a press conference on Tuesday, Pompeo later added that Trump believes Kim has an unprecedented opportunity and is hopeful that the summit will set the groundwork for future productive talks.

Pompeo was clear that the U.S. objective with regard to North Korea has not changed and that sanctions would remain until the country denuclearizes.

2. Global stocks mostly higher as risk on trade continues

Global stocks were mostly higher on Monday as markets appeared unfazed by the widely anticipated outcome of the G7 meeting and were likely consoled with the upbeat tone Trump seemed to have adopted ahead of the summit with North Korea.

U.S. futures pointed to a mixed open on Wall Street with Dow futures leading gains but both the S&P and Nasdaq showing more caution. At 6:02AM ET (10:02GMT), the blue-chip Dow futures gained 39 points, or 0.15%, S&P 500 futures edged forward 1 point, or 0.03%, but the Nasdaq 100 futures slipped 2 points, or 0.02%.

Elsewhere, European bourses traded higher on Monday as new Italian economy minister promised to keep the country in the euro, dissipating investors’ fears of a euro zone break-up and boosting sentiment after a fraught G7 summit.

Earlier, Asian shares showed less enthusiasm with markets ending mixed, alothough well off intraday lows. Japan’s Nikkiei 225 ended 0.5% higher while China’s Shanghai Composite closed down 0.5%.

3. Euro-dollar eyes 3-week highs ahead of central bank meetings

The euro climbed against the dollar on Monday, eyeing a move towards last week’s three week highs ahead of the upcoming meetings of both the Federal Reserve and the European Central Bank meetings this week.

The Federal Reserve is almost certain to raise interest rates by a quarter point for a second time this year at the conclusion of its two-day policy meeting at 2:00PM ET (18:00GMT) on Wednesday.

Eyes will focus on policymakers’ updated economic projections and the posterior post conference from Fed chair Jerome Powell as investors look for fresh clues on the outlook for inflation and how that will impact the pace of monetary policy tightening for the remainder of the year.

In what has become one of the most keenly anticipated meetings in a long time, the European Central Bank (ECB) is likely to signal on Thursday that its €2.5 trillion easing program will end this year, a key move in dismantling crisis-era stimulus.

An announcement is due at 7:45AM ET (11:45GMT) on Thursday, with a press conference by president Mario Draghi scheduled for 45 minutes after the policy decision.

Traders piled into the euro last week after hawkish comments from ECB chief economist Peter Praet fueled expectations that the central bank will reveal more about its plans for exiting its aggressive quantitative-easing program at its upcoming meeting.

4. Oil heads lower as concerns of increasing output remain

Oil prices got off to a lackluster start on Monday, as rising U.S. crude production and expectations that OPEC members will raise supplies remained in focus.

Underscoring worries over rising output, U.S. drillers added one oil rig last week, bringing the total count to 862, the highest number since March 2015, Baker Hughes energy services firm said in its closely followed report on Friday.

U.S. crude production has been rising to record levels since late last year. Domestic oil output – driven by shale extraction – is currently at an all-time high of 10.8 million barrels per day (bpd).

Fresh comments from global oil producers for additional signals on whether they plan to exit their current production-cut agreement will remain at the forefront of the oil market in the week ahead.

The Organization of Petroleum Exporting Countries (OPEC) is due to meet at its headquarters in Vienna, together with non-OPEC member Russia, on June 22 to discuss production policy.

Oil prices have been on the backfoot recently on concerns that OPEC and non-OPEC members led by Russia would decide to lift output by up to one million bpd as early as this month in reaction to lost supplies out of Venezuela and Iran.

U.S. crude oil futures traded down 1.17% to $64.97 at 6:06AM ET (10:06GMT), while Brent oil fell 1.11% to $75.61.

5. Bitcoin tumbles as hackers hit South Korean exchange Coinrail

South Korean cryptocurrency exchange Coinrail said it was hacked over the weekend, sparking a steep fall in bitcoin amid renewed concerns about security at virtual currency exchanges as global policy makers struggled to regulate trading in the digital asset.

In a statement on its website on Monday, Coinrail said its system was hit by “cyber intrusion” on Sunday, causing a loss for about 30 percent of the coins traded on the exchange. It did not quantify its value, but in an unsourced report local news outlet Yonhap news estimated that about 40 billion won ($37.28 million) worth of virtual coins were stolen.

The heist at Coinrail, a relatively small South Korean cryptocurrency exchange, sent the price of bitcoin tumbling to two-month lows as it once again highlighted the security risks and the weak regulation of global cryptocurrency markets.

At 6:07AM ET (10:07GMT), Bitcoin, the world’s biggest virtual currency by market cap, was down 6.6% to $6,741.50 on the Bitfinex exchange.