By Connor Campbell, Financial Analyst, Spreadex
The Jones managed to avoid the kind of North Korea-inspired losses seen in Europe this Tuesday, in part because the absorbed the brunt of the blow.
Having threatened a 120 point plunge earlier in the day, the Dow Jones ended up only falling by 40 or so points after the bell. That Donald Trump’s only comment so far in regards to North Korea has been that ‘all options are on the table’ – a slightly less chest-beating response than perhaps could have been expected – may have gone some way to reassuring US investors.
The Dow will have also benefited from the dollar’s own decline, even if the greenback’s losses have eased since the morning session thanks to a better than forecast reading. While the dollar is still down 0.3% against the , which has just about kept above $1.20, it has erased its drop against the pound, with now flat a smidge under $1.295.
None of this could help out the European markets. The remained down by 1%, informed by Crude’s 0.7% slide and subsequent impact on BP (LON:) and Shell (LON:). As for the and , the euro’s continued gain against the dollar and the meant that their losses were ugly, the German and French indices diving 1.8% and 1.1% respectively.
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