North Korea tensions drag down stocks but boost gold
North Korea tensions drag down stocks but boost gold
European Stocks Called Lower as North Korea Tensions Drive Investors Into Safe-Haven Assets
10 August, 2017, 00:43
The U.S. dispatched two B-1Bs late last month in response to the North's test-firing of another intercontinental ballistic missile. The greenback was down 1.1 against the franc, its worst drop in more than six weeks. The EUR/JPY was down 0.54% to trade at 128.924 Yen while the GBP/JPY was down 0.58% to trade at 142.489 Yen.
The Swissie, as traders sometimes call the currency, tends to gain during times of economic or geopolitical stress.
Japan is the world's biggest creditor nation and there is an assumption investors there will repatriate funds should a crisis eventuate.
Two B-1B US strategic bombers trained again over Korea earlier this week, a defense official in Seoul said Wednesday.
"It's just a classic risk-off day", said Greg Anderson, global head of foreign exchange strategy at BMO Capital Markets in NY.
With Asian bourses and US stock futures weakening early on Wednesday, the safe-haven 10-year Treasury yield US10YT=RR was last down 3 basis points. Safe haven currencies, specifically the Japanese Yen but also the Swiss Franc, have found widespread support as the uncertainty and tension rises.
Risk off sentiment was broadly pervasive through the currency markets especially with European stocks set to follow Asia's lead lower with major index futures indicating a 0.5 to 0.8 percent decline.
Most Asian currencies stumbled, with the Korean won on pace for its biggest fall in almost eight weeks.
The indigenous people are referred to as Chamorros and are considered USA citizens by birth. -North Korea tension also weighed on the Canadian dollar, which weakened against its USA counterpart, despite higher oil prices and stronger-than-expected domestic housing data.
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President Donald Trump on Tuesday warned the country would be met with "fire and fury" if it threatens the United Sates. Security Council imposed new sanctions on North Korea at the weekend over its continued missile tests, and U.S.
French media reported that the six soldiers were leaving their barracks just after 8 a.m. local time when the BMW drove into them. In June, a man identifying himself as a "soldier of the Caliphate" attacked a policeman on patrol outside Notre-Dame cathedral.
Bolivar also said that the two countries were able to discuss the future direction of their partnership during the meeting. He left Pyongyang on Saturday and was en route to Manila, the North's official KCNA news agency reported.
Elsewhere, the German Dax has opened down 0.80%, France's CAC40 index is down 0.87%, and the Euro Stoxx 50 is down 0.81%. Pyongyang said it was examining plans for attacking Guam, a US territory in the Pacific that has a USA military base.
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The president said Kim Jong-un would be met with "fire and fury" should he continued to threaten America with a missile attack. North Korea has long accused the United States and South Korea of escalating tensions by conducting military drills.
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The Chelsea preferred XI of last season started at least 26 league games each and eight of them began 30 games or more. However, new manager Ernesto Valverde has already made his intention of reinstating the player's midfield role known.
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He tweeted: "United Nations Resolution is the single largest economic sanctions package ever on North Korea". Korea, but the security of U.S. mainland which should be the top priority of Trump administration".
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Cell pricing is publicly opaque, however, and absent Tesla disclosures any effect would be hard for outsiders to determine. Selling five million shares at a 15 percent discount to market would raise the same $1.5 billion and dilute Mr.