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.
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.
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.
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.
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 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.
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 .
UBS AG lowered Physicians Realty Trust from a strong-buy rating to an outperform rating in a research report on Monday, July 17th. BidaskClub upgraded Physicians Realty Trust from a hold rating to a buy rating in a research note on Friday, June 23rd.
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.
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.
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.
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.
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.
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.
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.
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".