Global Markets Stabilize Amid Threat of a Conflict With North Korea
This is what you need to know on Thursday:
1. Global equity markets stabilize following yesterday's spike in volatility linked to the escalating military tensions between North Korea and the United States.
2. Gold extends gains to near one-month high as investors remain cautious amid geopolitical risks
3. Global oil prices were also little changed in early European trading, with West Texas Intermediate crude futures for September delivery changing hands at $49.60 per barrel and Brent contracts for October delivery, the global benchmark, seen essentially flat from their Wednesday close in New York at $52.70.
4. Altice shares rise as the Drahi-backed group moves on SFR amid speculation of a bid for Charter Communications
5. Early indications from U.S. futures prices suggest a slight dip at the opening bell for the Dow Jones Industrial Average of around 0.11%, with slightly larger pullbacks anticipated for the broader S&P 500 and the Nasdaq.
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