Investors are taking shelter in Swiss Franc’s, gold and US 10 year US Treasuries as the “War of Words” continue between the US and North Korea – PB/TK
Nuclear nerves wipe $1 trillion off world stocks – By Marc Jones / Aug 10 2017
LONDON (Reuters) – The damage inflicted on world stocks this week by the escalating war of words over North Korea topped $1 trillion on Friday, as investors again took cover in the yen, the Swiss franc, gold and government bonds.
With the tense mood pushing European shares down for a third day [EU] and Wall Street set to fall again ESc1[.N], global stocks .WORLD were on course for their worst week since Donald Trump won November’s U.S. presidential election.
Now installed in the White House, Trump issued a new warning to Pyongyang on Friday, tweeting: “Military solutions are now fully in place, locked and loaded, should North Korea act unwisely.”
North Korea had responded to Trump’s previous promise to unleash “fire and fury”, with a threat to land a missile near the U.S. Pacific territory of Guam.
Continue to reuters.com article: http://www.reuters.com/article/us-global-markets-idUSKBN1AR004?il=0
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