Asian shares, U.S. stock futures, dollar slip on rising Korean tensions
12 August, 2017, 21:54 | Author: Terri Saunders
First, a wave of selling doused Asia's markets - sending Tokyo's Nikkei 225 down 1.3% and pressuring South Korea's Kospi Index to a 1.1% decline. The precious metal climbed 1.3 per cent in the previous session, its biggest gain since mid-May, and touched $1,278.66 an ounce, it highest level since June 14.
Strong gains in NY, where the Dow saw repeated record highs up until three day ago, had kept investor optimism high when news of the conflict first broke, Currie said.
"Depending on how North Korea acts, the yen could further rise (relative to the dollar)", a dealer at a foreign exchange brokerage said.
In Europe, France's CAC 40 fell 1.6 percent to 5,135 while Germany's DAX was down 1.3 percent at 12,133.
At 10:57 a.m. ET (1457 GMT), the Dow Jones Industrial Average .DJI was up 54.38 points, or 0.25 percent, at 21,898.39, the S&P 500 .SPX was up 8.69 points, or 0.35 percent, at 2,446.90.
Nasdaq 100 e-minis were down 17 points, or 0.29 percent, on volume of 36,232 contracts.
The Japanese yen strengthened by 0.5 percent to around 109.70 per dollar. Earlier, the pair hit a peak of $0.73684 while the session low stands at $0.73190.
3.5mn N.Koreans sign up to fight against US
Security Council resolutions. "All the people are rising up across the country to retaliate against the U.S. thousands of times". State news agency KCNA has reported such mobilisations all over the country on Thursday and Friday.
These have ranged from an investigation into Russia's possible interference in the 2016 USA presidential election, to concerns about China's risky debt levels, to stubbornly low inflation in the US.
Japan is the world's biggest creditor country and there is an assumption that investors there will repatriate funds in a crisis.
Against the dollar the euro was 0.16 per cent lower. Two weeks ago it saw its biggest weekly fall against the euro since the start of 2015.
"It looks like a technical correction, but if there's more bad news in the days to come, or if geopolitical tensions escalate, this short-term correction could become a major correction for stock markets here and globally", CMC Markets analyst Margaret Yang said. "So we're not going to get to a year-over-year number of 2-percent until some of these very low readings drop out of the statistics 6 to 10 months from now".
Gartman's comments follow Bridgewater Associates founder Ray Dalio's gold recommendation: "We can also say that if the above things go badly, it would seem that gold (more than other safe haven assets like the dollar, yen, and treasuries) would benefit", Dalio wrote in a LinkedIn blog post. Brent crude was up 80 cents at $53.50 a barrel and U.S. crude was up 60 cents and back up to $50.
XAutoplay: On | Off Gold climbed as traders exited stocks and fled to more secure ground, as the back-and-forth saber-rattling between the US and North Korea escalated.
Dai-ichi Life Holdings dropped 1 percent, T&D Holdings fell 2.2 percent while Mitsubishi UFJ Financial Group declined 0.9 percent. ENERGY: Benchmark U.S. crude gained 1 cent to $49.57 a barrel in electronic trading on the New York Mercantile Exchange.
Millions of eggs have been pulled from European supermarkets in the past week after an outbreak of the insecticide Fipronil . Products will be withdrawn due to the chemical's unauthorized status, rather than a specific safety concern.
Contracted divers conducted an initial assessment of the vessel's stern and determined that it is structurally sound. Stateside's conversation with Lieutenant Junior Grade Sean Murphy of the United States Coast Guard.
Another pointer towards a low-scoring affair perhaps is the absence of Eden Hazard who will miss the game with an ankle injury. However, the 24-year-old expects more of the same to come his way during the season due to his price tag.
BidaskClub lowered shares of Duke Energy Corporation from a hold rating to a sell rating in a report on Thursday, July 6th. Shares of DRE have uptrended 3.08% in the past three months, while the S&P 500 has moved -2.39% in that time.
Schroder Investment Management Group bought a new stake in Franco-Nevada Corporation during the first quarter worth $222,000. ValuEngine raised Franco-Nevada Corporation from a "sell" rating to a "hold" rating in a report on Friday, June 2nd.
ESPN said that Pakistan are also set to travel to the UAE from September 21 for a full series against Sri Lanka. However, the final call over the World XI matches is expected to be taken by the government.
On average, equities analysts anticipate that Kinross Gold Corporation will post $0.09 earnings per share for the current year. Contrarius Investment Management Ltd boosted its position in shares of Kinross Gold Corporation by 4.0% in the second quarter.
The data comes amid tepid inflation that has remained below the Federal Reserve's 2 percent target, despite low unemployment. The Dow and S&P 500 inched higher on the day but they both posted their largest weekly percentage drops since late March.
As expected, Koetter wasn't happy with Aguayo's missed kicks on Friday and made it very evident following the team's 24-12 loss. The Bucs traded up into the second round to draft Aguayo after he was an All-American kicker at Florida State.
The first week of the season is always one of the hardest to predict, but our writers have a lot of confidence in the top six. The Spanish manager believes the signings were needed to freshen up an ageing squad ahead of the new season.
Mapped: US and Allied Missile Defenses Against North Korea
Postol during an interview with Newsweek called the missiles "a hoax", although Friday's report doesn't use that language. He is right: This time, North Korea has detailed plans for a missile test that would land in the waters near Guam.
Trump tells Calvo he's behind Guam "1000%"
Referring to an "imminent missile threat", it includes advice like: "Do not look at the flash or fireball - it can blind you". The president called the USA military "incredible, "rock solid" and "the best in the world by a factor of five".
If North Korea attacks USA , it 'will regret it fast'
But he says that, until that happens, the United States "will be the most powerful nuclear nation on earth, by far". Navy aircraft carrier strike group or Marine Corps Expeditionary Unit off the Korean Peninsula right now.
Sindh CM seeks permission for state funeral for Ruth Pfau
Mark Lobel at the BBC reports that's when she saw leprosy up close for the first time and decided that would be her life's work. She also authored several books about her experiences, including To Light A Candle , which has been translated into English.
S&P falls 1.4 pct in safety flight on N. Korea tensions
The U.S. dollar was down 0.3% at 110.01 yen which hurt the share prices of motor-vehicle makers, technology companies and banks. When Iraq invaded Kuwait 27 years ago this month, the S&P 500 fell 1.1 percent, and was down 9.3 percent 20 days later.
Se la Corea del Nord attacca Guam se ne pentirà amaramente
GLI SCENARI - Se la Corea del Nord dovesse lancia un attacco di minaccia agli Stati Uniti , la Cina dovrebbe rimanere neutrale. Ma l'escalation di tensione preoccupa la Russian Federation , che ha deciso di rafforzare i sistemi anti-aerei a Est.