Stocks around the world fell sharply on Thursday and investors moved into the yen, gold and other safe-haven assets amid more aggressive talk between the United States and North Korea.
Britain's top stock market the FTSE 100 slipped by around 0.6 per cent, as a war of words erupted between U.S. president Donald Trump and North Korean dictator Kim Jong-Un. The blue-chip index ended the week down 2.7%. Natural gas gained 2 cents to $2.82 per 1,000 cubic feet. Its shares slid $9.77, or 5.3 percent, to $174.02. The Nasdaq added 39.68 points, or 0.6 percent, to 6,256.56.
Stocks plunged, while US Treasuries and gold climbed, as US President Donald Trump's latest comments further inflamed tension with North Korea.
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.
The reclusive state raised the stakes further on Thursday with a detailed plan to send a salvo of missiles towards the USA territory of Guam.
Oil also regained momentum as data pointed to declining United States inventories. "For now, the North Korea situation bears watching as there's lots of tough talk, but we'll see if it escalates", said Kinahan. The strength in the sector comes as gold for December delivery is jumping USD11.30 to USD1,290.60 an ounce.
USA stock futures ESc1 were marginally softer on Friday.
Separately, U.S. producer prices unexpectedly fell in July, recording their biggest drop in almost a year, weighed down by declining costs for services and energy products.
Palladium prices were flat at $891.00 per ounce.
Pilot dead, 2 injured after plane crash in New Milford
The male passenger, who was injured, was able to walk away from the wreckage to a nearby home for help, police said. The Cessna C-172 crashed at about 10:20 a.m.at the end of Runway 17-35 near Candlelight Farms In New Milford.
Excluding food and energy prices, core producer prices still dipped by 0.1% in July after creeping up by 0.1% in June.
"If we see an escalation of the rhetoric then this sell off could be more than a flash in the pan".
"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. "Perhaps we are done with the interest rate for this year", Aslam noted.
On the London Stock Exchange, miners were the main drag for the FTSE 100.
Housebuilders Persimmon, Taylor Wimpey (LSE: TW.L - news) and Barratt fell by 2.8 to 3% on weak house price data. The Anglo-South African insurer and investment group said its interim profit and revenue grew strongly, but said it is taking a careful approach to dividends as it prepares to separate out its operations. Its net profit came in at A$445 million ($351.8 million), under the A$523 million reported past year.
Revenue rose to GBP10.82 billion from GBP7.48 billion. That lifted the year-on-year increase in the CPI to 1.7% from 1.6% in June. The Stoxx Europe 600 fell 1%.
Traders snapped up shares in companies that delivered strong quarterly results. The firm will buy 75% stake in a new company set up with the franchisee and the deal is expected to complete in September. Job openings jumped 8 per cent to 6.2 million, the Labor Department said Tuesday.
Several Asian corporates are expected to report earnings during the day.
The economic calendar is also thin with Japan GDP data at 0050 BST and China retail sales at 0300 BST, together with industrial production data.
These funds then begin to make their way towards gold , dollar, yen and the swiss franc as these are considered to be safe havens. 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.
In other news, insider Jonathan Symonds bought 10,000 shares of the company's stock in a transaction dated Tuesday, August 1st. Horizon Investments LLC purchased a new position in HSBC Holdings PLC during the second quarter worth approximately $945,000.
President Donald Trump tweeted Wednesday that his "first order" as president was "to renovate and modernize our nuclear arsenal". Trump's unexpected remarks prompted North Korea to respond by saying it was considering plans for a missile strike on the U.S.
Fred Bell, the vice chairman of the Palm Springs Air Museum, has been analyzing USA and North Korea relations for decades. And it was a three - it's $3 billion worth of exports of North Korea , over one third, being cut off.
As Bader notes, North Korea is "a foe with one strength and many profound and eventually fatal weaknesses". North Korea sees its nuclear arsenal as protection against the United States and its partners in Asia.
BidaskClub raised shares of Coeur Mining from a "hold" rating to a "buy" rating in a research report on Saturday, June 10th. The Firm has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina.
Significantly, the sanctions were supported by China, which accounts for more than 90% of North Korea's external commerce. This is a "fundamentally flawed policy" the United States has been pursuing for four decades, Person added.
Investors generally keep an extensive variety of technical indicators at their disposal for completing technical stock analysis. BidaskClub lowered Twenty-First Century Fox from a "sell" rating to a "strong sell" rating in a report on Thursday.
But with less than three weeks left before the transfer window slams shut, Di Maria's name is being discussed as well. Di Maria had a torrid time in England with Manchester United after a promising start.
North Korea nerves rattle stocks, lift gold, yen
Nordstrom shares were up 1.63 percent at $45.60 following the apparel retailer's better-than-expected quarterly same-store sales. The market was waiting f or USA consumer inflation data on Friday that would offer more clues about future Fed decisions.
U.S. stocks fall on North Korea worries
On Tuesday, August 8, despite that new record high, the market pulled back and closed lower due to decreased risk appetite. ENERGY: Benchmark U.S. crude gained 39 cents to $49.95 a barrel in electronic trading on the New York Mercantile Exchange.
SC: PUC must for renewal of vehicle insurance
Noting these abnormalities, the EPCA conducted a detailed study on the way forward and proposed a road map to the court. However, he added that the current regime only provides for a fine of Rs 1,000 for driving without a PUC certificate.
Skoda Octavia vRS Specs and Features have Announced
The front fascia of the new Octavia RS gets new headlamps and adaptive front lighting along with a sporty bumper and mesh grille. Skoda has started accepting pre-booking for its upcoming models, the Rapid Monte Carlo and the Octavia RS, in the country.
Japan deploys missile defence over N Korea threat to Guam
A THAAD battery includes a truck-mounted launcher, tracking radar, interceptor missiles and an integrated fire control system. According to the recent press report , which remains unverified by NPR, North Korea could have up to 60 nuclear weapons.