North Korea launched yet another test missile again but it appears that the markets have become immune to their threats. Reuters reports that “shares and other risk assets barely moved and gold fell on Friday as traders paid little attention to the latest missile test by North Korea, shifting their focus to where and when interest rates will go up.”
In addition, they go on to report that aside from the markets going up, the British pound gained as well, “rising to a 14-month high of $1.3430 as the Bank of England reiterated that it might soon raise interest rates for the first time in a decade.”
The only country still in gully is Japan, who’s Yen currency continues on its downward trend.
All told the markets are up today and investors shouldn’t expect any more serious market dips from news out of Korea unless the situation escalates further.
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