Home  »  Business   »   Markets jittery over North Korea as UK trade deficit widens – business live

Markets jittery over North Korea as UK trade deficit widens – business live

Loknath Das Comments off
Container ships at Felixstowe port in England.

The US stock market is expected to fall when it opens in three hours time.

New York traders will probably be cautious, following North Korea’s dismissal of Donald Trump’s ‘fire and fury’ threat, as a ‘load of nonsense’.

The Dow Jones industrial average is being called down nearly 50 points,. That would drag it below the 22,000 mark, hit for the first time this month.

First Secretary of State Damian Green

Damian Green, the UK’s first secretary of state and effectively deputy prime minister, has urged the US government to use United Nation’s processes to resolve the North Korea crisis after President Donald Trump threatened “fire and fury” against the Pyongyang regime.

Green was asked by reporters on a visit to Edinburgh whether he thought Trump’s rhetoric was unhelpful or wise given the escalating tensions.

He replied:

“I think the sensible way for people to proceed now is to work through the UN process: that’s what the British government has been supporting and will continue to support.

“We think that over the past months the North Korean government has not been behaving properly and I hope they respond to pressure from the UN.”

Asked what the UK government’s position was on the crisis, he underlined the UK’s preference for a UN-brokered resolution.

“It’s obviously in all our interests to make sure that nothing escalates. We are very strongly in support of the UN process, which has and continues to put pressure on North Korea to stop acting in an irresponsible way and we will continue strongly to support the UN process which will I hope help to deescalate tensions.”

FacebookTwitterGoogle plus

38m ago11:26

Since you’re here … we have a small favour to ask. More people are reading the Guardian than ever but advertising revenues across the media are falling fast. And unlike many news organisations, we haven’t put up a paywall – we want to keep our journalism as open as we can. So you can see why we need to ask for your help. The Guardian’s independent, investigative journalism takes a lot of time, money and hard work to produce. But we do it because we believe our perspective matters – because it might well be your perspective, too.

If everyone who reads our reporting, who likes it, helps to support it, our future would be much more secure. You can give to the Guardian by becoming a monthly supporter or by making a one-off contribution. – Guardian HQ

44m ago11:20

UK exports jumped in last quarter

Britain’s exports to the EU jumped by 2% in the last three months, but exports to non-EU countries actually fell by 1.4%, according to today’s trade data.

Britain’s exports to the EU in April-June
[Source”indianexpress”]

About Author

manage

Related Posts