Tillerson urges calm on North Korea, says no imminent threat

11 August, 2017, 00:12 | Author: Pamela Mathis
  • Trump to Senate Majority Leader'Get to Work

The Standard & Poor's 500 index slipped 0.90 of a point, or 0.04 percent, to 2,474.02.

We are anticipating the Dow Jones to open 48 points lower at 22,000 and we are calling the S&P 500down 9 at 2465.

After a dip of as much as 0.52 percent earlier in the day, investors appeared to take some comfort in Tillerson's comments, said Richard Steinberg, managing director at HighTower Advisors in NY.

The dollar index fell 0.14 per cent, with the euro unchanged at US$1.1757.

Substantial weakness was also visible among internet stocks, as reflected by the 2.8 percent slump by the Dow Jones Internet Index.

The dollar index, which tracks the greenback against a basket of six major rivals, was almost flat on the day at 93.657, remaining above last week's 15-month low of 92.548.

It is unclear whether North Korea would risk firing missiles so close to USA territory, which could provoke countermeasures and further escalation. However, strength in the Health Care and Materials sectors limited the losses. A small correction during August could set the direction for the next movement in the stock markets. The yen and gold continued rising, while the Swiss franc took a breather against the dollar (last trading at 0.9660 francs) and the euro, but kept most of its yesterday's hefty gains.

The CBOE Volatility Index, the most widely followed barometer of expected near-term stock market volatility, rose to a near three-month high of 15.36.

Lassa fever: LUTH creates additional space for new cases
Today is 14 days of monitoring and we hope in the next seven days, they will be discharged from monitoring list. He added that each of the cases had been managed in other facilities before they were referred to LUTH.


News late Tuesday that North Korea was reviewing plans for an attack on USA military assets on the island of Guam came just hours after President Trump had warned that continued threats would be met "with fire and fury like the world has never seen".

"Most investors will be completely out of their depth in making any assessment on the (North Korea) situation", said Koon Chow, emerging market FX strategist at fund manager UBP.

Oanda analyst Craig Erlam said: "Risk aversion is once again the name of the game.as geopolitical tensions mount and investors head for cover in the traditional safe havens". But the moves were modest. It rose $16, or 1.3 percent, to $1,278.60 an ounce.

Data showed US producer prices unexpectedly fell in July, recording their biggest drop in almost a year, while another set showed the number of Americans filing for unemployment benefits unexpectedly rose last week.

"We would now be careful with a whiff of risk aversion in the air and, by extension, also stay away from shorts in the rates market", RBC's global macro strategist Peter Schaffrik said.

Options traders gear up for Snap's second earnings report as a public company.

Priceline Group slid 6.9 percent after the online travel booking service issued a profit forecast that was weaker than analysts were expecting. Netflix lost 1.5 per cent.

The pan-European FTSEurofirst 300 index lost 0.75 per cent and MSCI's gauge of stocks across the globe shed 0.33 per cent.

Recommended:

  • NBA Live 18 Launches on September 15, Pre-Order to Save $20

    NBA Live 18 Launches on September 15, Pre-Order to Save $20

    They also reiterated that the demo for the game will be launching tomorrow, on August 11. NBA LIVE 18 introduces this year's cover athlete, Houston Rockets guard James Harden .
    Titanfall 2 and Battlefield 1 now free for Origin/EA Access subscribers

    Titanfall 2 and Battlefield 1 now free for Origin/EA Access subscribers

    Both services come with a selection of games to download, along with the ability to download trials ahead of a game's release. Currently, EA Access claims to bolster over 45 games whereas Origin Access has over 75 and counting.
    Lockheed Martin Corporation (NYSE:LMT) Reaches New 1-Year High at $299.75

    Lockheed Martin Corporation (NYSE:LMT) Reaches New 1-Year High at $299.75

    On a one to five ratings scale where 1.0 indicates a Strong Buy, 2.0 indicates a Buy, 3.0 a Hold, 4.0 a Sell and 5.0 a Stong Sell. Rubel now expects that the aerospace company will earn $12.75 per share for the year, up from their previous forecast of $12.65.
  • Time To Rake In Healthy Returns From Hertz Global Holdings, Inc. (HTZ)

    It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment. Analysts await Hertz Global Holdings, Inc (NASDAQ: HTZ ) to report earnings on Aug, 08 for the fiscal quarter ending Jun 2017.
    Ford F-150: Taking Things Up A Few Notches

    Ford F-150: Taking Things Up A Few Notches

    Gas mileage is boosted thanks to the segment-exclusive SelectShift 10-speed automatic transmission. If it's maximum towing you're interested in, mind, you'll need the larger of the EcoBoost pair.
    OJ Simpson's Infamous Highway Chase Bronco Could Fetch $500K On 'Pawn Stars'

    OJ Simpson's Infamous Highway Chase Bronco Could Fetch $500K On 'Pawn Stars'

    It was five days after Simpson's ex-wife, Nicole Brown Simpson, and Rob Goldman had been found murdered. He was granted parole last month and is scheduled to be released sometime in October.
  • Microsoft is making Outlook.com faster, smarter and just plain better

    Microsoft is making Outlook.com faster, smarter and just plain better

    According to Microsoft, Outlook.com Premium customers don't now have access to beta, but this will be available at a later date. One of the improvements of the new version is a preview feature that shows file and photo previews in the conversation list .

    Guam told to 'enjoy paradise', ignore North Korean threat

    Andersen is also host to fighter planes and the aerial tankers that make long-distance strikes on North Korea possible. He's right: This time, North Korea has detailed plans for a missile test that would land in the waters near Guam .
    What to expect from M&G's tie-up with Pru

    What to expect from M&G's tie-up with Pru

    Insurance analyst Eamonn Flanagan , at Shore Capital, said the United Kingdom business merger "makes enormous sense". Standard Life and Aberdeen Asset Management are merging next week to form a 670 billion pound active manager.
  • Karrueche Praises Rihanna's Crop Over Look

    Karrueche Praises Rihanna's Crop Over Look

    In an on-street interview , Karrueche gave her take on RiRi's curves and ex-boyfriend Chris Brown reacting with emoji eyes. Rihanna has been busy promoting her latest acting role in Luc Besson's Valerian, alongside good friend Cara Delevingne.
    Wisconsin linebacker Jack Cichy will miss 2017 season with torn ACL

    Wisconsin linebacker Jack Cichy will miss 2017 season with torn ACL

    He played in just three games his freshman year and eight his sophomore year because of injury before redshirting the next year. He's more than capable to take over as the starter and don't be surprised to see the defense not miss a step in Cichy's absence.
    South Dakota bombers help in Korean crisis

    South Dakota bombers help in Korean crisis

    Photos show the group practicing intercept and formation training following North Korea's threat against the USA territory. In response, the US and South Korea repeatedly fired surface-to-surface missiles into neutral waters close to North Korea.


Popular

Sarah Harding Opens Up About Cheryl On Celebrity Big Brother
She lamented: 'I know I've had my trials and tribulations throughout the years, a lot of which have been documented, a lot of which have been misconstrued.

IPhone 8's Home Button Area Functionality Revealed
Its indicator can also be hidden meaning that apps running in full-screen won't have a virtual home button to distract users with. UBS AG reissued a "buy" rating and issued a $151.00 price target on shares of Apple in a research note on Monday, April 24th.

Netflix stock sinks as Disney plans to pull films from service
Those platforms would allow video consumers to subscribe directly with Disney for its brands' sports and entertainment content . The new service, new name as yet unannounced, will be the sole distribution-via-streaming service for Disney product in the US.

Hours-long standoff on I-75 ends, suspect safely in custody
The suspect is considered armed and unsafe , and according to MSP, he has made threats against law enforcement officers. The freeway remained closed on Thursday as police tried to resolve the situation, snarling traffic in the area.

North Korea threats; China aluminum; Disney ditches Netflix
The report said labor productivity climbed by 0.9% in the second quarter after inching up by a revised 0.1% in the first quarter. The Canadian dollar was trading at 78.64 cents USA , down from an average price of 78.71 cents United States on Wednesday.

Chelsea's Willian: Jose Mourinho wanted me at Manchester United
Before, the giants were the powerful ones economically, and now there are small clubs in terms of prestige and history, who are giants economically.

Kohl's quarterly profit, same-store sales top Street expectations
Kohl's ended the year with 1,154 Kohl's stores, 12 FILA Outlet stores, and four Off/Aisle clearance centers in 49 states. Kohl's Corporation has a dividend payout ratio of 60.9% indicating that its dividend is sufficiently covered by earnings.

South Africa minister in court on assault charges
Ministers and deputy ministers are entitled to VIP police protection. "Arrest is not a form of punishment", the minister added. Manana is accused of allegedly slapping a woman in a Johannesburg nightclub early on Sunday morning.

Bollywood actor Sitaram Panchal dies after long battle with lung cancer
A few Bollywood personalities had also come forth to extend help to the 54-year-old National School of Drama graduate. He posted " " Brothers, please help me, I am suffering from cancer, your actor brother, Sitaram Panchal ".

Truck full of frozen pizza crashes, shuts down Arkansas highway
There's free pizza" Me: "uh pizza? The scene of the accident, Straessle says, started to smell like a pizzeria. He said the agency hadn't decided by late Wednesday how to dispose of the no-longer-edible pizzas.