State of the Market: risky assets resume growth on North Korea’s comments

Previously, the pessimistic sentiments of the market rose sharply on Trump’s statement that his meeting with the leader of North Korea would not take place on July 12. The US accused Pyongyang of being hostile and unwilling to negotiate. As a result, the market saw a sharp increase in negative insistence on political risks.

This morning, North Korea said the opposite, thereby restoring the positive sentiment on the market and lowering the demand for safe haven assets. Stock indices of the Asia-Pacific region are traded mostly near zero, receiving support, but limited to the decision of the United States.

The US dollar index on this news also received little support, thereby resuming the upward momentum, but is still limited to small pressure. So, the dollar index managed to gain a foothold above the level of 93.80 and open the way to 94.00. This zone acts as a zone of uncertainty, while the American maintains an upward trend.

Aalso, read: “In Focus: a profitable deal in May.“

Hanzenko Anton