UN Security Council to hold emergency meeting on DPRK's latest missile launch

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Also today, holding urgent consultations over the ballistic missile launch, the Security Council expressed its grave concern that the DPRK is, by conducting such a launch over Japan as well as its recent actions and public statements, deliberately undermining regional peace and stability and causing grave security concerns around the world.

The United Nations Security Council will hold an emergency meeting on the latest missile launch by the Democratic People's Republic of Korea (DPRK) on Friday, sources said on Thursday.

"You have risk appetite returning in the markets more generally at the moment, so you have all these forces pushing down the yen", said Vasileios Gkionakis, global head of FX strategy at UniCredit.

Sterling, meanwhile, slammed the dollar as well, after a Bank of England policymaker opened the door for a possible rate increase in the coming months.

"If they don't do it (hike rates) this time, their credibility will be lost completely for the next few years", Unicredit's Gkionakis said. "Markets are not going to take this too [seriously]". Yields pushed up after dipping overnight on the geopolitical tensions.

South Korea fired its missiles into the sea, after North Korea launched an intermediate range missile over Japan and into the northern pacific ocean.

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The away support were still revelling in their lead when the Burnley rearguard switched off and Liverpool levelled through Salah. He goes in between; it was a bouncing ball, they are quicker and they are more used to these situations, they do it more often.


The Dow inched up 0.2% to reach another record high while the Nasdaq Composite dropped half a percent and the S&P 500 slid 0.1%. It was on track for its best week against the yen since November JPY=.

"The Security Council also emphasized the vital importance of North Korea immediately showing honest commitment to denuclearization through concrete action and stressed the importance of working to reduce tension on the Korean Peinsula", said Tekeda Alemu, President of the Security Council.

"In a way, this seems like something markets have already experienced before, thus producing a limited reaction", he added.

In the commodities market, oil futures fell modestly in Asia, extending Thursday-afternoon declines in the U.S. After having risen every day this week, both U.S. and global crude benchmarks were down 0.3%.

Bitcoin was down for an eighth consecutive day close to $3,000 and was on track for its worst week since 2013 after a 25 percent fall since Monday, as China shut down a second bitcoin exchange and on reports that all cryptocurrency excahnges would be closed by the end of September.

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