Talks between two Koreas

North and South Korean officials are expected to hold high-level talks today in Panmunjom in the Demilitarised Zone as the two sides try to keep a planned summit between the North's leader Kim Jong Un and United States President Donald Trump on course. The talks follow discussions between a US delegation and a North Korean team on the summit agenda and a surprise meeting between Mr Kim and South Korean President Moon Jae In.

Shangri-La Dialogue begins

India's Prime Minister Narendra Modi will deliver the keynote speech on the opening day of this year's Shangri-La Dialogue this evening.

The three-day defence and security conference, held annually at the Shangri-La Hotel since 2002, will also be attended by defence ministers, military chiefs and top officials from more than 40 countries.

US labour market report for May

The United States labour market report for last month will be unveiled today. UOB economists are expecting the creation of 250,000 non-farm payrolls versus a Bloomberg consensus forecast of 190,000.

The payroll numbers for April were 165,000.

The unemployment rate is likely to stay low at 3.9 per cent, which means wage growth data will continue to take on added importance in determining the pace of interest rate hikes.