Futures modestly lower on North Korea concerns

UPDATE 1-Euro zone bond yields drift back up on firmer oil, ECB caution

US stock futures declined on Labor Day, with risk assets rattled after North Korea tested its biggest nuclear bomb yet.

The bright spot Tuesday was oil and gas names thanks to a big jump in oil prices.

USA stocks declined in early trading Tuesday, Sept. 5, 2017, as investors returned from the Labor Day holiday weekend. The dollar index, a measure of the greenback's strength against a basket of six global currencies, was marked 0.11% lower at 92.15 by 05:30 Eastern Time.

The Dow Jones Industrial Average fell 234 points, or 1.07%, to 21,753, the S&P 500 lost 19 points, or 0.76%, to 2,458 and the Nasdaq Composite dropped 60 points, or 0.93%, to 6,376.

Geopolitical concerns have resurfaced once again this week, after news emerged on Sunday that North Korea had conducted its sixth and most powerful nuclear test yet. The UK's leading index fell by 25 points, down to 7, 347, after having slipped by 38 points on Tuesday.

United Kingdom considers options as North Korea threat grows
North Korea is well-aware of U.S. designs to threaten and attack its enemies and is not going to give up on its weapons. South Korea's military also released footage of its own missile tests, which it said were carried out last week.

Infrastructure and support services company Stobart Group updated the market on its trading in the first half on Tuesday, reporting good progress in aviation as passenger numbers grew 22% year-on-year at Southend Airport.

Tesco was also up, rising 0.7% ahead of the start of a trial of three of the supermarket's former directors over the its £263m accounting scandal in 2014.

The financials took the most points of the index with Standard Chartered (LON:STAN) shares falling 3.00% to claim second spot of the biggest losers in early trade. The Nasdaq composite fell 59.76 points, or 0.9 percent, to 6,375.57.

In individual movers, Admiral has lost ground after Berenberg trimmed its stance on the auto insurer from "hold" to 'sell, ' while lifting its price target on the shares from 1,635p to 1,723p. Bank of America lost 1.5 percent and Nvidia fell 1.9 percent. Nvidia Corp. gave up $4.55, or 2.7 percent, to $165.91.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.11 percent. Natural gas slid 10 cents, or 3.2 percent, to $2.97 per 1,000 cubic feet.

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