Financial Markets around the world are reacting to news reports that North Korea test-fired an additional two short-range missiles after its test of a nuclear device and a test-launch of three short range missiles on Monday.
U.S. Stock market futures are indicated lower in early trading. Futures on the Dow Jones Industrial Average (DJIA) were indicated as much as 60 points lower or (-0.73%) at 8200.00. The broader Standard and Poor’s 500 Index (S&P 500) was indicated -8.00 or 0.9% at 876.9. Nasdaq futures were -15.00 or 1.1% at 1345.8.
This activity mirrors early stock market declines on London’s FTSE Index and the French CAC-40 Index, of 1.2% and 1.4%, respectively.
Typically, when geopolitical tensions are present, Crude Oil and Gold markets tend to trade higher as investors sell financial assets in favor of owning hard or real assets. But those markets are beginning the day on the downside as well, with Oil down as much as -$1.80 to trade at $59.87 and Gold trading hands at $943.90 per ounce -$15.00.
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