North Korea worries rattle Wall Street

North Korea worries rattle Wall Street”

LONDON, Sept 6 (Reuters) - Global shares fell and the dollar dipped against the Japanese yen on Wednesday as still-simmering tension over the Korean peninsula kept investors wary of taking on risk.

US stock-index futures fell Monday, with analysts blaming the drop on renewed worries about North Korea after the isolated nation conducted its largest-ever nuclear test. The dollar had earlier fallen as low as 108.49, close to its lowest levels since mid-April. Banks and technology companies were down more than the rest of the market.

And there is plenty of uncertainty to go around these days, starting with North Korea's belligerent pursuit of nuclear weapons.

Separately, a top North Korean diplomat warned on Tuesday his country is ready to send "more gift packages" to the United States.

The energy sector.SPNY rose 1.6 percent, for its biggest single-day gain in two months, as oil prices rose.

Tokyo and Seoul indexes closed lower earlier, but Germany's DAX was up 0.6 percent to 12,172 and France's CAC 40 0.1 percent higher at 5,106 after a survey showed the eurozone economy is growing at a robust pace.

Japan's Nikkei ticked down 0.2 percent.

North Korea worries rattle Wall Street

US stocks built on moderate gains after news that President Donald Trump, siding with Democrats over his fellow Republicans, said he agreed to pass an extension of the USA debt limit until December 15, potentially avoiding an unprecedented default on US government debt. The euro edged down to $1.1882 from $1.1897. Investors also worry a sharply divided US political landscape could scupper Trump's economic agenda and force a government shutdown before an agreement on the USA debt ceiling can be reached by the end-September deadline. AbbVie and Home Depot both rose 2.4 percent.

"The 10 basis point fall in Treasury yields is clearly not something the European market can ignore", said Mizuho rates strategist Antoine Bouvet.

A Federal Reserve survey showed the USA economy expanded at a modest to moderate pace in July through mid-August.

The three major Wall Street indexes fell more than 1 percent on Tuesday and were on track to mark their worst single-day fall in almost three weeks, weighed down by mounting tensions on the Korean peninsula.

Oil prices held steady with many USA refiners still working below capacity after Hurricane Harvey hit Texas and Louisiana and as Hurricane Irma headed towards the Caribbean.

ENERGY: Benchmark U.S. crude gained 48 cents to $47.76 per barrel in electronic trading on the New York Mercantile Exchange.

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