North Korea nerves push stocks down for third day, lift gold
14 August, 2017, 01:43 | Author: Terri Saunders
After touching a more than two-month high, spot gold last added 0.3 percent to $1,290.00 an ounce.
Reuters data show a 22 per cent perceived chance for a rate hike after the Fed's December meeting. The Nasdaq composite lost 76 points, or 1.2 percent, to 6,275.
Technology companies led US stocks slightly higher in afternoon trading Friday, recouping some of the losses from the day before.
Falling crude prices made oil & gas stocks a weight too, dropping 1 percent with Tullow Oil the top faller. Investors welcomed new data showing US inflation at the consumer level inched higher last month, suggesting that the Federal Reserve may be less likely to raise interest rates next month.
The pan-European FTSEurofirst 300 index .FTEU3 lost 1.01 percent and MSCI's gauge of stocks across the globe .MIWD00000PUS shed 0.26 percent for a weekly loss of 1.6 percent, the largest since the week to November 4.
A statement attributed to North Korea's head of strategic forces, General Kim Rak Gyom, said the plan for the strike would be ready by the middle of the month and would await orders from leader Kim Jong-un. In a tweet, President Donald Trumpwarned of military action "should North Korea act unwisely", noting that the U.S.is "locked and loaded".
Trump warned North Korea again on Thursday not to strike Guam or USA allies, saying his earlier threat to unleash "fire and fury" on Pyongyang if it launched an attack may not have been tough enough.
Shares of Snap were down as much as 14.23 percent and hit an all-time low following a miss on revenue and daily active users.
Sterling was last trading at $1.3013, up 0.30 percent on the day.
"We're getting close towards very important support on the dollar/yen", said Steven Dooley, currency strategist for Western Union Business Solutions in Melbourne. Broadcom gave up $5.72, or 2.3 percent, to $243.45.
"I think this situation is more critical that the market is respecting". The company also said sales at its established stores declined for the fourth-straight quarter.
S&P 500 e-mini futures were down 0.2 percent, while the dollar dipped 0.2 percent against its perceived safe-haven Japanese counterpart to 110.12 yen. The consumer discretionary index was one of its biggest losers with a 0.47 percent drop. The yield on the 10-year Treasury note fell to 2.23 percent from 2.26 percent late Tuesday.
When prices of bonds rise, yields fall. Britain's FTSE 100 was down 1%.
Markets saw a tentative recovery in risk appetite in overnight USA and early Asian trading, but anxiety mounted again as Asian stocks fell back and London, Frankfurt and Paris dropped 0.5-1.2 percent in Europe.
Later in the session dollar traders will be busy monitoring producer prices in the U.S., ahead of the key inflation figure tomorrow.
Elsewhere in commodities, the September crude contract advanced 20 cents to $49.76 per barrel and the September natural gas contract was up seven cents to $2.95 per mmBTU.
The river water was found to be 19 times more corrosive than water from Detroit causing lead poising in many of Flint's residents. The Detroit Free Press is reporting the singer stated he will give $ 1 million to victims of the water crisis.
Manchester United won the EFL Cup and the Europa League last season to mask over their Premier League disappointment. West Ham may struggle on Sunday but Hernandez will have a point to prove against his former club.
Writing on Twitter, she said: "There should be no place in society for racism, white supremacy and neo-nazis". He went on to criticise the influence of Steve Bannon and the Breitbart website in the Trump administration.
Singh as their leader in place of Yadav in the House. "After we issued a whip to our MLAs, they voted for the Congress. However, Mr Yechury said the Left has a problem with such a programme. "Such meetings are not effective".
The firm now has a $25.00 target price on the basic materials company's stock, up from their previous target price of $24.00. World Asset Management Inc boosted its position in shares of AK Steel Holding Corporation by 1.4% in the first quarter.
Jackson was charged with the loss in his last start as the Nationals fell 7-4 to the Cubs in Chicago on Saturday. Harper has been relatively healthy this season and missed just three days with mild groin soreness back in May.
To prevent conflicts and maintain order in the South China Sea, it is indispensable to lay down legally binding global rules. This was followed by the call for a "Code of Conduct for the South China Sea", which was given its own acronym, "COC".
Andrew Stevenson replaced Harper in the team's lineup. "I'm very optimistic that he'll be at least fine shortly". In an effort to avoid contact with Giants first baseman Ryder Jones , Harper slipped on the base.
Jamaica's team missed out on the final. "I think we need to do a better job of instructing all of what has been going on". The fans, however, are looking forward to seeing their superstar in action one last time as he takes to the track.
Elliott and his team of representatives are extremely disappointed with the NFL's decision", Elliott's lawyers said. Elliott wrote on Twitter that he strongly disagreed with the NFL's decision.
North Korea funding nuclear arsenal through arms firm
While on vacation at his golf resort in Bedminster, New Jersey, Trump on Friday tweeted further heated warnings to North Korea . He added: "We can not play fast and loose with nuclear weapons and nuclear threats".
Fargo Public Library to host two solar eclipse events
The 2017 eclipse is the first total solar eclipse visible in the continental United States since February 26, 1979. The Oak Ridge Public Library will give out 500 pairs of eclipse glasses to library patrons on Monday, August 14.
Asean stresses South China Sea restraint
After the ASEAN meeting, China's foreign minister had called out "some countries" who voiced concern over island reclamation. The two both participated in other multilateral meetings in Manila, including one between China and the 10 Asean ministers.
Kyle Busch fires back at Toyota sandbagging claim
The race will be a welcome sight for many , particularly after last weekend's road race at Watkins Glen International. Suarez is now 19th in the playoff standings and is 129 points from the 16th place driver of Matt Kenseth .
Army Men, 3 Militants Killed In Shopian Encounter
The troops blasted a mosque and four residential houses during the operation that began late last night in Awneera area. Over a dozen civilians were injured as the security forces fired live ammunition to quell the stone-pelting mobs.
Kids' death toll rises to 72 in Yogi's UP
Union Minister Patel present at the press conference said that the central government is ready to give full support to the state. What is shocking to know is that the oxygen supply department in the hospital had already warned about shortage.
Arsenal fans react to Petr Cech's performance v Leicester City
The 30-year old put his side 2-1 ahead of Arsenal in the 29th minute after a goal from Okazaki had cancelled Lacazette's opener. Olivier Giroud has been linked with a move away from Arsenal with the arrival of fellow Frenchman Alexandre Lacazette from Lyon.