money

Monday 4th September 2017 Daily Markets Brief

North Korean Hydrogen Bomb Test Rattles Markets

On Sunday, North Korea claimed that it had conducted a test of a hydrogen bomb meant to be carried by a long-range missile. The test of a 100-kiloton bomb was 10 times larger than anything previously tested and is 7 times more powerful than the bomb that destroyed Hiroshima to end the second world war. Chinese President Jinping warned “a dark shadow is looming over the world” and, in a joint statement with Russia said its ally North Korea would be “appropriately dealt with”. With this latest test, geopolitical tensions have risen and the markets have reacted with a risk off sentiment turning to Yen and Gold to hold