Markets are starting the European trading day in a risk-off mood after North Korea escalated its war of words with the White House saying that Donald Trump's latest rebuttal was tantamount to a declaration of war.

• Risk-off rules as North Korea spooks markets – Moltke-Leth
• Yen up after Japan election call & North Korea worries – Hardy
• EURUSD pushing on downside pivots below 1.1850
• Brent breaks the band on momentum and supply concerns – Hansen
• Brent now aiming at the psychologically-important $60/b mark – Hansen
• Gold returns to relative safety above $1,300/oz – Hansen