North Korea's Missile and Nuclear Tests Have Markets Nervous
News that North Korea fired two short-range missiles off its eastern coast just one day after a nuclear test which sparked strong international condemnation, have world stocks and U.S. stock futures lower today.
The news is also sending the U.S. dollar higher, as investors flock to a safe currency. The dollar strength is creating weakness in Gold (NYSE: GLD) and Oil (NYSE: OIH).
Europe's Dow Jones Stoxx 600 Index is down 1.3%, Germany's DAX 30 is down 1.5% and Britain's FTSE 100 is down 0.9%.
While the North Korea news is clearly concerning, some simply suggest investors are using it as an excuse to take profits following weeks of gains.
The news is also sending the U.S. dollar higher, as investors flock to a safe currency. The dollar strength is creating weakness in Gold (NYSE: GLD) and Oil (NYSE: OIH).
Europe's Dow Jones Stoxx 600 Index is down 1.3%, Germany's DAX 30 is down 1.5% and Britain's FTSE 100 is down 0.9%.
While the North Korea news is clearly concerning, some simply suggest investors are using it as an excuse to take profits following weeks of gains.
You May Also Be Interested In
- 50 Percent Chance of QE3 - Bill Gross
- Facebook (FB) Short Interest Nears Double-Digit Levels
- Facebook (FB) Warned You About Weak Q2 Three Times
Create E-mail Alert Related Categories
General News, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
