North Korea at the centre stage for the moment – BBH

Analysts at BBH note that the anniversary of the birthday of the founder of North Korea passed without much incident, though early Sunday, a ballistic missile launch apparently failed after a few seconds.  

Key Quotes

“China reportedly is putting more pressure on its ally to give up its nuclear capability.  Despite concerns that China is having difficult reining Pyongyang in, the Korean won edged higher, for the third session in the past four, and the Kospi gained 0.5%.  A pre-emptive strike by the US does not seem particularly likely, but if North Korea were to conduct another nuclear test, some military response by Trump cannot be ruled out.”