NEW YORK (Reuters) - A gauge of world stocks fell on Tuesday and the euro dropped to its lowest level in about a month as investors pulled back from trades that have worked for most of 2017 in the face of continued political uncertainty around the globe.
The latest U.S.-North Korea development came as market participants were still reckoning with the German election, in which Chancellor Angela Merkel won a fourth term but her party was weakened by a surge in far-right support.
"Investors should be looking out for a December hike given we don’t know what happens to the Fed chair position next year," said Jack Ablin, chief investment officer at BMO Private Bank in Chicago.
Oil prices fell after investors took profit following a rally to 26-month highs spurred largely by threats from Turkey to cut crude exports from Iraq's Kurdistan region.
(Additional by Chuck Mikolajczak and Dion Rabouin in New York, Marc Jones in London; Editing by Chizu Nomiyama and Dan Grebler)
- Stocks waffle amid North Korea jitters, dollar gainsYahoo Finance
- Euro To Pound Exchange Rate Downside "Limited, With 0.8710-0.8690 As Strong ...Exchange Rates UK
- Pound to euro exchange rate: Sterling SOARS to 10-week high amid German ...Daily Star
- North Korea war cries stifle stocks, euro still groggyReuters
- Pound continues rise against euroProperty Week (subscription)
- North Korea, Fed nerves stifle stocks, euro still groggyTimes of Malta
- FX round-up: North Korea risks persist as Greenback firms ahead of Yellen speechDIGITALLOOK
- EUROPE MARKETS: European Stocks Close Mixed As Euro WeakensFox Business
- Euro zone bonds settle as Fed clues mute German bluesBusiness Recorder (press release) (registration) (blog)