European stocks fall as caution over geopolitical tensions lingers

European stocks fall as caution over geopolitical tensions lingers

European stocks fall as caution over geopolitical tensions lingers

"European shares are trading once again lower. continuing their slide on the back of ever more increasing tensions between North Korea and the USA", added analyst Markus Huber at City of London Markets.

By the close of trading, the FTSE 100 was down 84.46 points, or 1.1%, to 7,305.48, having dropped 1.4% on Thursday. "It also saw the VIX post its 8th biggest spike in history, regaining levels last seen around the U.S. presidential election, and resulted in fresh preference for bonds and gold over equities and metals, and added to an already weak oil price".

European stock markets fell further in opening trade on Friday on intensifying fears over North Korea, dealers said.

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"European indices are following their Asian counterparts lower once more today, as the risk aversion seen over the past two days continues apace", said IG market analyst Joshua Mahony in a note.

The VIX, the Chicago Board Options Exchange Volatility Index, which measures market expectations for swings in stock prices and traders use as a fear gauge, closed the day on Thursday at 16.04, its highest close since the day of the USA presidential election in November.

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"For a week that has been largely devoid of major economic releases, Donald Trump's confrontational stance with North Korea has raised volatility across the board".

At the latest COMEX auctions, gold price ascended $1.90 to $1,292 an ounce, and silver price grew $0.02 to $17.09.

On the currency markets, the pound was up 0.03% against the dollar at $1.2981 but down 0.23% against the euro at 1.0999 euros.

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