FTSE sell-off gathers strength on North Korea fears
12 August, 2017, 23:44 | Author: Terri Saunders
With Japanese markets closed for a public holiday, Hong Kong led the downward charge in Asia-Pacific as the Hang Seng lost more than two percent.
Japan's benchmark Nikkei 225 inched down less than 0.1 percent to finish at 19,729.74. Sydney's S&P-ASX 200 gained 0.5 percent to 5,773.70 while New Zealand also rose.
Investors have been jittery about North Korea since Tuesday when Trump said any threats from Pyongyang would be "met with fire and fury like the world has never seen". The reclusive state raised the stakes further with a detailed plan to send a salvo of missiles towards the U.S. territory of Guam.
Trump's threats have escalated since reports broke at the beginning of the week that North Korea had successfully produced a nuclear warhead that could fit inside its missiles.
The CBOE Volatility Index, the most widely followed barometer of expected near-term stock market volatility, was up as much as 12.63 points, its highest in more than a month.
Neil Mellor, a currency strategist with Bank of New York Mellon in London, said the pound was "drifting towards the lows from last month against the dollar".
"The market's dent only lasted for a week in April when tension rose between them after North Korea launched a missile".
"The war of words between the leaders of the USA and North Korea continues to dominate investor sentiment", said Forex.com technical analyst Fawad Razaqzada. "They may increase the market's volatility for a couple of days".
Trump to launch investigation into China trade violations
CNN also reported that Trump told Chinese President Xi Jinping about the expected executive action in a phone call on Friday. The administration has been eyeing other moves to rebalance the U.S. "And I think China will do a lot more".
The bigger surprise is that the cost to protect against declines in the kiwi against the USA dollar for one month shot up to the most expensive levels since April.
The tentative gains "suggest that the headline shock value pertaining to the US-North Korea standoff is starting to dissipate, which is to say actual action will now speak much louder than words", said Briefing.com analyst Patrick O'Hare.
Significant strength was also visible among software stocks, as reflected by the 1.2 percent gain posted by the Dow Jones Software Index. The Nasdaq composite lost 0.2 percent, to 6,370.46. The number of people quitting their jobs also dropped.
South Korea's KOSPI .ks11 fell 1.7 percent on Friday to its lowest level since May 24, but its losses for the week are a relatively modest 3.2 percent.
Gold extended gains after data showed USA producer prices unexpectedly fell in July, recording their biggest drop in almost a year and pointing to a further moderation in inflation that could delay a Federal Reserve interest rate increase.
The ISPR further said that incendiary explosives were used in the attack and that was the reason why nearby vehicles caught fire. Some of the injured were shifted to Civil Hospital Quetta and an emergency was declared in hospitals in the vicinity.
China, however, is easily North Korea's biggest trading partner and economic benefactor, and helped design the sanctions package. The revenue from these different sectors is believed to fund North Korea's expensive ballistic missile and nuclear programs.
In the last one week, cordon-and-search operations were conducted in Jiddari-Polo, Muna Garage, Jakana, and several other areas. According to the Army, the clearance operations have been yielding successes, the Punch reports .
The Navy said the US3 Nautilus was initially seen sailing normally but sank shortly afterwards in Koge Bay, south of Copenhagen. Madsen (46) financed his submarine project through crowdfunding and completed the submarine, the UC3 Nautilus, in 2008.
Japan is the world's biggest creditor country and there is an assumption that investors there will repatriate funds in a crisis. 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.
According to them, these findings establish the link between artificial sweeteners and diabetes in previous studies. The new study shows that sweetness helps to determine how calories are metabolized and signaled to the brain.
His skillset also meshed well with that of Tyrod Taylor , a player who , this summer, nearly became an ex-Bill himself. What both Matthews and Gaines have in common is that both are set to be unrestricted free agents after this season.
The MQM leaders during the meeting demanded that their workers in custody be released and their sealed offices opened. He also directed that the ongoing federal projects in the Sindh Province should be completed as soon as possible.
According to BBC's latest report on the story, Paquin said the " True Blood " scene was "fairy land graveyard sex". BBC accidentally showed a Paquin's breasts in the background of a broadcast August 7, 2017.
The next key data on focus will be tomorrow's CPI figures which should shed more light on the path of the USA inflation. Since the beginning of 2017, the barometer index of the S&P 500 had only two sessions of declines of 1 % or more.
But I would like to inform the opposition that; other than BJP no other party is capable of ruling the government or Centre. Total 176 MLAs voted in the crucial elections, but two votes were declared invalid.
Guardiola returns to Man City drawing board
But we can not forget that when we do something better than last season it's because we've been one year together. I know that the manager is the same and that I will learn a lot from Guardiola and the other players.
Flood situation worsens in Assam, 5 dead
Guwahati: Nearly 3.55 lakh people in 15 districts have been affected badly by a fresh wave of floods in Assam. Rivers in south Sikkim are also likely to flow in moderate flood situation during the period.
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.