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European Union slaps sanctions on additional North Korean nationals

12 August 2017

The sabre-rattling - sparked when President Donald Trump stunned the world with an apocalyptic warning to unleash "fire and fury" on North Korea - continued Thursday as Pyongyang mocked the U.S. leader as "bereft of reason".

"The market's dent only lasted for a week in April when tension rose between them after North Korea launched a missile". "It also saw the VIX post its 8th biggest spike in history, regaining levels last seen around the United States presidential election, and resulted in fresh preference for bonds and gold over equities and metals, and added to an already weak oil price".

Gold enjoyed another strong session as traders sought out safe havens, with the price lifting 0.1% to 1,287.8 USA dollars an ounce.

'Stock markets in Europe are still under pressure because of the heightened tensions surrounding North Korea, ' said David Madden, market analyst at CMC Markets UK. The statement has dominated the headlines, and is one of the main drivers in the markets.

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Germany's DAX dipped 0.1 per cent as the CAC 40 fell 1.1 per cent in Paris.

On the currency markets, the pound was up 0.03% against the dollar at $1.2981 but down 0.23% against the euro at 1.0999 euros.

The South Korean Won is also suffering, falling by 0.8% to a four-week low against the USA dollar.

The International Energy Agency said Opec members were not complying with production cuts, which were holding back efforts to rebalance the market quickly.

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The FTSE 100 firm announced in March previous year that it would run its US-based asset management operation, its UK-based wealth unit, an emerging markets division and Nedbank in South Africa as separate businesses.

The group said it will pay £24 million for the stake in the firm, which will consist of 25 existing Domino's stores in the capital.

Antofagasta dropped 4.6%, Rio Tinto and BHP Billiton each slid 3.9% in London.

Housebuilders Persimmon and Barratt Developments were among the biggest gainers of the day, up 1.58% and 1.02% respectively.

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European Union slaps sanctions on additional North Korean nationals