Global stock markets dip as investors flee to sahe havens after Pyongyang says it is carefully examining plans for a missile attack on a U.S. base in the Pacific. As Silvia Antonioli reports, an incidents in Paris compounds worries for investors in Europe.
Fear of a missile strike striking global financial markets Asian and European shares as well as U.S. futures heading south as investors seek shelter in havens such as gold, the yen and U.S. treasuries. SOUNDBITE (English) NEIL WILSON, SENIOR MARKET ANALYST, ETX CAPITAL "The European bourses are all are all in the red. The DAX still down around 1 percent in early trading. I think that it's just a big sort of risk of play some you know versus the taking bit of risk off the table so we've seen a better demand for haven assets such as the Swiss He began on a little bit of a demand for gold as well. " This, after a spokesman for the North Korean army said the regime was "carefully examining" plans to for missile attack on the U.S. Pacific territory of Guam, which hosts a large American military base. The threat only hours after President Donald Trump warned the North that any threat to the U.S. would be met with "fire and fury". (SOUNDBITE) (German) CAPITAL MARKETS SPECIALIST AT ODDO SEYDLER BANK, OLIVER ROTH, SAYING: "We have to differentiate between what is going on at the moment, which is purely sabre-rattling, and North Korea's long-term nuclear missile goal. That of course is a danger for the entire world and must not be permitted. This issue will probably be occupying us for the years to come." In Europe the fall was compounded by concerns about an incident in Paris. where a car hit a group of soldiers in what is said to be a deliberate act. On a brighter note, some strong corporate results cushioned the stock market fall in Europe, somewhat. Solid earnings from Scout24 and Novo Nordisk lifted those shares but all major benchmarks remained firmly in the red.