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.
Can US Attack North Korea and Claim 'Self Defense'?
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.
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.
It is believed he was wearing a blue t-shirt and grey floppy, gym-style shorts above the knee, and heavyduty flip-flops. And post-mortem examination tests showed the elderly man had been repeatedly stabbed in his head and neck.
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.
Clearbridge Investments LLC's holdings in Prudential Financial were worth $878,000 as of its most recent filing with the SEC. BidaskClub raised shares of Prudential Financial from a "hold" rating to a "buy" rating in a report on Wednesday, July 12th.
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.
James Paxton awoke Friday morning and was hopeful. "Obviously it's disheartening news", Mariners manager Scott Servais said. He said that's what we're dealing with, and we'll just have to treat it as we go and do the best we can with it".
Shares last traded at $33.19 a tad under $33.58, the 50 day moving average and a tad above the 200 day moving average of $32.54. Meeder Asset Management Inc. raised its position in shares of Liberty Interactive Corporation by 115.9% in the second quarter.
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.
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.
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.