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The Breakfast Briefing: Stocks Fall, Havens Gain As Korea Tensions Flare
FYI: Stocks fell and gold and the yen climbed as geopolitical tensions flared up again, with U.S. president Donald Trump weighing new economic sanctions that could target China after a nuclear test Sunday by North Korea.
The Stoxx Europe 600 Index declined, with all industry sectors in the red, after a report that Pyongyang is preparing to launch an intercontinental ballistic missile. The MSCI Asia Pacific Index was on track for the biggest drop since Trump’s vow to return nuclear threats with “fire and fury” in early August. S&P index futures also fell, while most European government bonds gained and the yen and Swiss franc led currency gains. Industrial metals including copper and nickel extended a rally. Regards, Ted U.S.: (Markets Closed)
