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.
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