Selloff in stocks takes a breather; gold and yen tick up
12 August, 2017, 22:53 | Author: Terri Saunders
The UK's stock market has opened lower as worries over the situation between the United States and North Korea continue to rattle investors.
Singapore's DBS bank added in a statement that the yen "remains the safe haven currency from the sabre-rattling between US President Donald Trump and North Korea".
In Frankfurt, the Dax was flat, but the Cac 40 in Paris fell 1.1 per cent.
The selling was spread across the region led by Hong Kong's Hang Seng (-1.9 per cent) with Korea's Kopsi (-1.6 per cent) and Shanghai (-1.4per cent) not far behind.
North Korea said it was completing plans to fire four intermediate-range missiles over Japan to land near the US Pacific island territory of Guam in an unusually detailed threat that further heightened tensions with the United States.
Investors instead turned to safe-haven assets such as gold, pushing it to a two-month high, and the Japanese yen rose.
The dollar index was last down 0.12% at 93.30.
Emerging market stocks lost 1.27 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan closed 1.47 per cent lower.
The negative headlines provided many investors with an opportunity to pocket some of their recent gains following a string of record highs fueled by strong corporate earnings.
OpenAI's Dota 2 bot defeats world's best pro player
In the second match, the player surrendered themselves, and the third time refused to play by asking "complete mockery" of it. Dota 2 is normally played as a 5-vs-5 team game, so limiting the bot to a 1-on-1 match greatly reduces the complexity.
Australian shares were down 1.5 percent, set for a weekly loss of 0.8 percent.
A Reuters Datastream index of more than 7,000 stocks across the globe saw its market capitalisation drop from a record high US$61.36 trillion on Monday to US$60.43 trillion at the close on Thursday.
"Both (PPI measures) were well below consensus and give us no hope that consumer price inflation is going to materially beat expectations", said Chris Weston, chief market strategist at IG Markets.
U.S. producer prices Thursday disappointed, as traders await consumer price inflation figures later Friday.
"Given the great run we've had, seems like some sort of pullback wouldn't be surprising", said Michael Baele, managing director of investments at U.S. Bank Private Wealth Management. For the week, the benchmark slipped 2.6%.
This week has seen its biggest rise since June 2016.
Gold prices XAU= rose 0.2 percent to $1,287.30 an ounce, after surging over 2 percent in the previous two sessions to a two-month high.
Unlike the tense stand-off on the Korean peninsula, Australian investors took a "shoot first, ask questions later" approach to heightened global anxieties, wiping around $20 billion off the market.
USA crude rose 0.43 percent to $48.80 per barrel and Brent was last at $52.01, up 0.21 percent on the day. CP Foods, one of the world's biggest poultry, pork and seafood processors, is forecast to rally 28 percent within a year, the top projected gain based on consensus analyst price targets compiled by Bloomberg.
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.
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.
Yun and North Korean diplomat Pak Song II negotiated the release of imprisoned American college student Otto Warmbier in June. The early United States focus was on securing the release of several Americans held in North Korea.
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.
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.
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.
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.
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.
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 .
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".
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".