View more on these topics

International markets shrug off North Korea nuclear test while local markets suffer

International stock markets have shrugged off news of North Korea’s successful nuclear test despite local markets falling on hearing the news.

All Asian markets fell with the exception of Japan and Taiwan which were closed for public holidays, with the Korean market suffering the biggest falls.

It fell by 2.4 per cent having been down 3.6 per cent at one point while the Korean Won fell 1.5 per cent against the US dollar.

However the FTSE has continued its strong recent run, up 24 points on Tuesday 10th to reach 6054 at 11am.

All three main US indexes were up at the close of trading on Monday night with the Dow Jones closing up 7.6 points at 11,857. The Nasdaq was up 11.79 points at 2,311 while the S&P 500 jumped by 1.08 points to reach 1,350.

When the Japanese Nikkei reopened on Tuesday, it ended the day up 41 points at 16,477, a five month high for the index.

Royal London Asset Management economist Ian Kernohan says:”Whilst the news from North Korea is a concern, we are still some way from seeing the development of a usable nuclear warhead. Markets should remain focussed on the economic fundamentals, which are bullish for equities and bearish for bonds.”


‘IFAs risk misselling claims if they fail to recommend PTA’

Advisers who do not recommend pension term assurance to their clients could risk misselling claims because life policies are liable to inheritance tax, warns Standard Life. Product marketing manager Mick James says advisers must have a good reason why they do not sell PTA because premiums are cheaper and the sum assured is not subject […]

HomeBuy truths

Last week saw the launch of the Government’s new open market HomeBuy scheme. The fact that little in-depth press comment was seen in the nationals is possibly a reflection of scepticism in the market about the scheme.

This week in Investment

Increased scrutiny on performance has been a common thread running through the investment world over the last few months but that will be of little consequence to five fund managers at Old Mutual Asset Managers (OMAM).

Carr joins Cordea Savills

Cordea Savills has appointed former manager of the ING UK residential property fund Patrick Carr as director of UK Residential.Carr joins the residential team managing the diversified residential opportunities fund, the Cordea Savills student hall fund and the accommodation investment fund for charities.Carr worked for ING Real Estate for seven years spending the last two […]

Health - thumbnail

Absence management systems gone AWOL from UK’s SMEs, reports Jelf

A quarter (23 per cent)* of the UK’s small to medium-sized enterprises (SMEs) do not have an absence management system in place, according to new research from Jelf Employee Benefits. Despite 69 per cent* of organisations having a system in place, three-quarters (75 per cent) report that it is not providing them with sufficiently empowering absence or health data to inform an effective wellbeing programme.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm