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- Havens Advance as Missile Test Rattles Traders: Markets Wrap
Havens Advance as Missile Test Rattles Traders: Markets Wrap
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Loading...A risk-off mood seeped into markets on Tuesday, with haven assets including gold and the Japanese yen climbing and stocks slipping in the wake of an apparent milestone in North Korea’s weapons program.
Early market optimism in Asia -- sparked by bullish American economic data yesterday -- ebbed as North Korea said it successfully test-fired an intercontinental ballistic missile.
The yen was the biggest gainer against the dollar among major peers, while gold headed for its first advance in four days.
Oil’s rally stalled after OPEC production increased.
These are the main moves in markets:
The Stoxx Europe 600 Index slipped 0.2 percent, with telecom shares dropping the most.
Futures on the S&P 500 Index rose 0.2 percent.
Currencies:
The yen rose 0.2 percent to 113.19 per dollar.
The pound was little changed at $1.2938.
The euro was 0.1 percent lower at $1.1350.
Commodities:
Gold rose 0.4 percent to $1,224.69 an ounce.
West Texas Intermediate crude slipped 0.3 percent to $46.91 a barrel.
Source: Bloomberg Pro Terminal
Junior Trader Stefan Panteleev
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