Will 'fire burn and cauldron bubble' for equities?
IT could be the same old, same old this week. Even as many hesitate to read too much into US President Donald Trump's undiplomatic rhetoric, traders could still find themselves losing sleep over the rising rift triggered by his recent "fire and fury" threat to North Korea over the latter's nuclear programme.
That could turn the flight to safety (think gold and the Japanese yen) back in vogue, not unlike what happened last week. "Tensions over North Korea lend support to safe-haven assets, particularly gold. Geopolitics is a binary wild card that usually provides only a temporary …
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