Investors return to market
FTSE closes higher as Korea tension eases
Asian shares have snapped a three day losing streak, the Swiss franc and gold are lower in early trading, and Asian currencies are managing to show some signs of recovery after last week’s rout.
US stocks are also predicted to open positively later today.
The dollar was capped last week by tensions on the Korean peninsula and doubts that the Federal Reserve will hike interest rates again this year.
After three straight sessions of heavy losses in response to the spat, US markets finally resumed normal service on Friday afternoon and European equities have followed suit this morning.
Standard Life Aberdeen has advanced on its first day as a newly merged company.
Geopolitical risks are expected to remain a key theme for global markets in the near term, as North Korea celebrates Liberation Day on Tuesday to mark the end of Japanese rule.
Investors also braced for tensions ahead of 21 August when an annual joint US-South Korean military exercise is due to begin.