U.S. stocks decline in early tradingEuro rises above $1.20 for the first time since 2015Yield on 10-year Treasury falls to 2.1%, gold prices climbEuropean stocks on course for lowest close since FebruaryGlobal stocks slid after North Korea launched a ballistic missile over Japan, pushing investors toward gold and government bonds. “It’s clear that geopolitical tensions have risen with North Korea firing the missile over Japan,” said Markus Stadlmann, chief investment officer at Lloyds Banking Group. Emergency sirens blared in Japan on Tuesday as a North Korean missile flew over the northern island of Hokkaido before plunging into the Pacific ocean. The U.S. dollar fell 0.6% against the Japanese yen, even as Japan found itself at the center of geopolitical tensions. Some analysts said the market moves Tuesday were moderate relative to the scale of the news and that past fears about North Korea have had a relatively short-lived impact on risk appetite.

Source: Wall Street Journal August 29, 2017 01:50 UTC