FTSE Slips on North Korea Fears

The FTSE 100 slipped by50 points, to 7,394, after having fell by 44 points on Wednesday and 108 points yesterday. Investors are leaving the index to look to traditional safe-havens such as the Swiss franc, the dollar, or gold.

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shareprices.com - Friday, August 11, 2017

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The FTSE 100 is clearly in a slump, brought on in part by the tensions between the US and North Korea, which could eventually culminate in nuclear war. There is little in the way of fundamentals to point to other outcomes, and investors are nervous that the rhetoric between the two country’s leaders could escalate.

US President Donald Trump laid on another round of rhetoric against the North Korean plans for an attack on one of the United States’ military bases in the Pacific. Trump said that Kim-un Jong had disrespected his country and also said that he would not be getting away with it. The statement has dominated the headlines, and is one of the main drivers in the markets. Investors, meanwhile, are fleeing to more stable investment markets.

The pound has slipped by 0.1 percent versus the dollar, but has gained 0.1 percent against the euro.

One of the few pieces of news in the markets right now is the US CPI data, which may show that inflation in the country has fallen, reducing the need for any forthcoming Federal Reserve interest rate hikes. The core CPI has fallen short of expectations over the last four months, but there are some analysts that expect this streak to come to an end.

 

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