Crude oil prices are staying strong despite a strong dollar and unfolding stories about geopolitical risk. While the risk remains high that President Donald Trump will pull out of the Iranian nuclear accord, talks of peace in the Korean peninsula is shocking the world. A major win for the Trump Administration and for a world that wants peace. Fox Business Network is reporting that North and South Korea on Friday agreed to work on achieving “a nuclear-free Korean Peninsula through complete denuclearization.”
Demand for safe havens returned on Monday, as a new war of words between North Korea and the Uniited States triggered a flight to safety among investors.
We’ve reached the moment of truth. Many moments of truth; something is going to happen this month. The only question is whether the stock market crowd is going to keep their heads in the sand. With everything swirling around I can’t imagine how that’s possible.
China said on Friday tension over North Korea had to be stopped from reaching an "irreversible and unmanageable stage" as a U.S. aircraft carrier group steamed toward the region amid fears the North may conduct a sixth nuclear weapons test.
The 100-day trade talks announced after a Sino-American presidential summit last week will aim to deal with decades of thorny trade issues, leaving some U.S. business leaders wary that the short timeline might yield superficial results.
Japanese and South Korean shares fell while the won currency came under pressure on Friday, as rising tensions in the Korean peninsula dented confidence in the world's economy.
A mixed trading day for U.S. stocks on Wednesday failed to provide direction to Asian equities today.
Nineteen years ago, South Korea came precipitously close to bankruptcy. The Asian financial crisis had spread like a virus. Thailand, Malaysia, Singapore and other Southeast Asian countries were all affected, inciting fears of a global economic meltdown if the crisis couldn’t be contained.
Talk of Korea reunification has escalated lately, but financial experts must view it in the context in which it is couched.
South Korea’s equity exchange has just started offering physical gold trades for the first time.