Russia Critical of US Handling of North Korea Threat

Russia criticised the reaction of the United States and its allies to the latest and most powerful North Korean nuclear test, and warned on Monday that any mis-step could be highly dangerous.“It’s clear in the current situation any clumsy step could lead to an explosion, a political explosion, a military explosion and not just to a nuclear test explosion,” Deputy Foreign Minister Sergei Ryabkov told reporters at a summit of the BRICS group of countries in China.North Korea’s test, of what it said was an advanced hydrogen bomb for a long-range missile, prompted global condemnation and drew a warning of a “massive” military response from the United States if it or its allies were threatened.“There shouldn’t be room for escalation. Those who are smarter and stronger should show restraint,” Ryabkov said.

Source: Russia criticises U.S. over North Korea, says ‘clumsy steps’ risky

Risk Aversion Spreads After Latest Missile Test

North Korea Thermonuclear Ambitions Rock Markets

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Craig Erlam

Craig Erlam

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary.

His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.

Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.