On the economic calendar today, the most prominent headline was Janet Yellen, FED Governor speech, entitled "Inflation, Uncertainty and Monetary Policy", warning FOMC from moving too gradually and confirmed that the Fed able to meet the inflation target of 2%, and not considering changes in the target, noting that it is the uncertainty that strengthens the policy of gradually rate hike, which she supports despite the weakness of inflation.
Markets rushed to safe havens after North Korea fired a rocket passed over northern Japan in a provocative act from Pyongyang that led to increased global tensions. The missile landed in the Pacific Ocean about 1,200 kilometers from Japanese shores.
Markets are still in uncertainty as US President Donald Trump's economic agenda is unclear so far, but markets have had some hope after the controversial White House chief strategist was fired last Friday. There is, however, a state of anxiety over tensions over threats of North Korea, as US and South Korean troops begin joint training today.
By Reuters : World stocks fell for a third day on Thursday and investors moved again into the Swiss franc, yen and gold as North Korea ratcheted up tensions with the United States with a threat to land a missile just short of the U.S. territory of Guam.
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