Shares hit by US-North Korea tensions

No one wants this – at least we hope no one wants this. Leo_Traveling  Shutterstock

By mid-morning in NY investors began to look for stocks to buy rather than offload and the Dow Jones industrial average was 38.65 points higher at 21,882.92 while the S&P 500 was...

On the economic front, data is expected to show that USA consumer prices likely rose in July after being unchanged the prior month.

The Standard & Poor's 500 index rose 4 points, or 0.2 percent, to 2,442 as of 2:43 p.m. The price of the precious metal - which is considered a safe haven during periods of uncertainty - advanced Friday, from 3.90 to USA $1294 United States $at the Exchange of the commodities of NY.

U.S. President Donald Trump on Thursday warned Pyongyang again, saying his previous promise to unleash "fire and fury" may not have been strong enough after North Korea responded with a threat to fire missiles over Japan to land near the U.S. Pacific territory of Guam.

Almost $1 trillion has been wiped out from global equity markets since Trump's vow on Tuesday to unleash "fire and fury" on North Korea if it threatens the United States. The u.s. central bank, one of whose tasks is to contain the price rise, does not therefore appear to be obliged to accelerate the pace of the slow tightening of monetary that it has committed. "When you're due, there's always going to be something that happens in the world that's going to make people nervous", Matthew Peterson, chief wealth strategist for LPL Financial in Charlotte, North Carolina, told Reuters.

Trump continued to ramp up the rhetoric with a post on Twitter this morning indicating that the U.S.is prepared to take military action against North Korea.

"Military solutions are now fully in place, locked and loaded, should North Korea act unwisely".

The suspected range of North Korea's missiles based on their ICBM tests. Chris Jones  IFLScience
The suspected range of North Korea's missiles based on their ICBM tests. Chris Jones IFLScience

Sterling was last trading at $1.3009, up 0.27 percent on the day.

Investors had rushed to safe-haven assets after strongly worded exchanges between Washington and nuclear-armed North Korea late on Tuesday. "Hopefully Kim Jong Un will find another path!"

The CBOE Volatility Index, better known as the VIX and the most widely followed barometer of expected near-term stock market volatility, rose the most in about 12 weeks.The index ended up 4.93 points at 16.04, the highest level since November 8, when Trump was elected president. The index bounced off its lowest closing level in six months.

Seagate Technology gained 2.3 percent after investor ValueAct disclosed that it had acquired a 7.2 percent stake in the digital storage company.

Significant strength was also visible among software stocks, as reflected by the 1.2% gain posted by the Dow Jones Software Index. Genesee & Wyoming (GWR) is posting a notable gain after reporting an increase in July traffic. Hong Kong's Hang Seng Index plunged by 2 percent, while South Korea's Kospi Index slumped by 1.7 percent. Asian and European stocks continued the sharp decline Friday. The Japanese markets were closed for a holiday. While the German DAX Index closed just below the unchanged line, the U.K.'s FTSE 100 Index and the French CAC 40 Index both tumbled by 1.1 percent.

In bond markets, the yield in U.S. Treasuries fell, also pressured by the lowered expectations for a Fed move. "You're less than 2 percent off the high for the S&P heading into a weekend where uncertainty with North Korea still lingers", Lerner said. It also raised its outlook.

In the latest economic data, the consumer-price index (http://www.marketwatch.com/story/us-consumer-inflation-remains-soft-in-july-cpi-shows-2017-08-11) rose a seasonally adjusted 0.1% in July, its fifth straight month of softness, raising more questions about whether inflation will eventually rise to hit the Federal Reserve's 2% annual rate target.

North Korea: No imminent threat of nuclear war, says Central Intelligence Agency chief
The White House said in a statement that Trump and Xi "agreed North Korea must stop its provocative and escalatory behavior". Moving forward, he said President Trump's tough talk and global unity against North Korean leader Kim Jung-un is working.

NEET : Centre rules out permanent exemption for TN
Close to 4000 seats are available in government colleges, including those surrendered by the private medical colleges. This made it hard for even high scorers in the State to stand tall with their CBSE counterparts.

Arsenal 1-1 Leicester
I keep the faith and I still believe I can have an important part to play this season in the club. "With the first corner, we were late".

Related:

  • Sunday Brunch's Simon Rimmer confirmed for Strictly Come Dancing

    Sunday Brunch's Simon Rimmer confirmed for Strictly Come Dancing

    Rimmer wasted no time in attempting some moves as he offered a hint of a cha cha when egged on by show guest Martine McCutcheon. Simon Rimmer has been named as the seventh celebrity taking part in the upcoming series of 'Strictly Come Dancing' .
    Sports Why Antonio Conte May Exit Chelsea Soon- Carragher

    Sports Why Antonio Conte May Exit Chelsea Soon- Carragher

    Diego Costa has been banished from the squad after being told he was to be sold this summer. If you're a manager you'd be saying 'why would I let him go, especially to a rival?'.

    Two Separate Waldo County Crashes Leave Three People Dead

    Deputies determined that the crash occurred after the driver of a sedan failed to navigate a corner after exiting the bridge. A few hours later, at 5:11 a.m., deputies responded to a crash on Route 1 in Prospect near Penobscot Narrows Bridge.
  • Palestinian woman stabs, wounds Israeli in Jerusalem

    Palestinian woman stabs, wounds Israeli in Jerusalem

    During initial questioning, the terrorist told police she came to the scene with the intention to attack a Jew. The man was slashed but the knife did not injure his body and instead slashed his prayer shawl.
    Chief of Staff Kelly Reviewing White House Changes

    Chief of Staff Kelly Reviewing White House Changes

    Kelly is said to be holding daily meetings with top White House aides throughout the president's working vacation in Bedminster. Kelly faces a White House that's been plagued by leaks and controversies.
    Why I didn't quit Arsenal this summer - Giroud

    Why I didn't quit Arsenal this summer - Giroud

    The Premier League season started in incredible fashion, with two goals in a matter of minutes after the opening whistle. He doesn't want to leave and I'm happy that he wants to stay.
  • Syrian army secures largest ISIL hotbed in Homs province

    Syrian army secures largest ISIL hotbed in Homs province

    They receive funding from a number of western governments, including Britain, Germany, the Netherlands and the United States. The local media earlier reported the city's liberation.
    Sheriff's office: 6 seriously injured in Dodge County crash

    Sheriff's office: 6 seriously injured in Dodge County crash

    Officials say the 45-year-old was transported to a Oconomowoc hospital via a medial helicopter with life threatening injuries. Wisconsin authorities say that six people have been seriously injured in a auto crash in Dodge County.
    Tech companies lead worst day for stock market since May

    Tech companies lead worst day for stock market since May

    United States crude rose 0.41 per cent to US$48.79 per barrel and Brent was last at US$52.01, up 0.21 per cent. OIL: Benchmark U.S. crude was down 14 cents to $48.47 a barrel on the on the New York Mercantile Exchange.
  • Ben Davies finishes off lovely Tottenham team move against Newcastle

    Ben Davies finishes off lovely Tottenham team move against Newcastle

    They are 11/1 from 14s to finish bottom , 1/4 from 1/6 to stay up and out to 100/30 from 11/4 for a top-half finish . Newcastle were playing the counter attack well, until Shelvey stamped on Alli right in front of the referee.
    USA  launches federal probe into Charlottesville deadly auto  ramming

    USA launches federal probe into Charlottesville deadly auto ramming

    Police said the helicopter was assisting law enforcement officers monitor the white nationalist rally in Charlottesville . Our message is plain and simple: "go home", McAuliffe told a news conference.

    Top Hizbul Mujahideen militant killed in Kashmir; 2 jawans martyred

    Since January the police and the army have killed four top militant commanders having enormous operational capabilities. Residents said that locals rushed out of their homes to protest and pelt stones on the forces as soon as firing started.

Comments

Latest news

Four UAE soldiers die in helicopter crash in Yemen
The Saudi-led coalition began its war in Yemen in March 2015 against Shiite rebels known as Houthis who hold the capital, Sanaa. Initial reports issued by the Saudi Press Agency said the soldiers sustained "minor injuries" following an emergency landing.

Stocks drop, led by technology companies
Retailers slid after department stores Macy's and Kohl's both said same-store sales continued to decline in the latest quarter. Cappelleri said he would need to see more pullbacks of at least 1% before becoming anxious about the stock market.

Burney puts the sword to reigning EPL champions Chelsea
It left the Italian manager concerned by the inability of his players to control their emotions when a team-mate was dismissed. Antonio Conte was not happy with his side's showing against Burnley .

Antonio Conte denies team selection was a message to Chelsea hierarchy
The 31-minute debut of club record signing Alvaro Morata offered a glimpse into what the club can expect from the Spain global . Stephen Ward scored the second goal for Burnley on 39th minute of the first half to make it 2-0 for the visitors.

Yuvraj, Ashwin, Jadeja not picked for SL limited-overs series
However, he led India A to victory in a tri-series which involved hosts South Africa A and Afghanistan A. Axar Patel, Kuldeep Yadav and Yuzvendra Chahal are captain Virat Kohli's options among slow bowlers.

Arsenal's Sanchez out of opener due to abdominal strain
With the start of the Premier League upon us, the FC guys share their predictions for the opener between Arsenal and Leicester . Sanchez, whose current deal expires in 2018, did not play in Arsenal's victory over Chelsea in the Community Shield on Sunday.

Tillerson says no 'imminent threat' from North Korea
McMaster spoke on the phone for 40 minutes early on Friday, a spokesman for the presidential Blue House in Seoul said. Defense Secretary James Mattis was more circumspect, though, when he was asked about the president's saber rattling.

Ant McPartlin Reveals Extent Of Drug Issues After Completing Rehab Stint
Speaking candidly to The Sun , McPartlin spoke about his battle with depression and crippling drug abuse that led him to rehab. The Britain's Got Talent star now claims to be clean of all drugs other than paracetamol for the first time in three years.

Diana triumphant after Charles criticised for 'sick' Camillagate tape, says book
Harry admitted earlier this year the "total chaos" and near breakdown he had after Diana's death. The prince said that it was unbelievable their mother had such a huge effect on so many people .

Secretary Mattis says United States is 'ready' to counter North Korean threat
Mattis also noted that the U.S.is also ready for a military conflict if it comes to that. He said Kim Jong Un's regime should listen to and "act on that clarity". - Donald J.

MotoGP champion Marquez takes pole position for Austrian GP
The other KTMs did not pick up any points, with Pol Espargaro ruled out early after a startline collision. That was one place above his Yamaha team-mate and seven-time world champion Valentino Rossi of Italy.

Will Twitter suspend Trump's account for 'threatening nuclear war' against North Korea?
The vote passed with unanimous support from all 15 member nations, including Russian Federation and China. North Korea dominated the conversation between the two leaders, according to a readout of the call.

Trump discusses North Korea with France's Macron
Trump has provided, according to the chinese television, that "for the time being, hit china-us relations are on the right track". The u.s. president pledged Friday a "major press conference" Monday in Washington, without elaborating.

Bilic shares West Ham transfer plan during remainder of summer window
What is the team news? Here is all the information you need for Manchester United's home clash with West Ham . West Ham have lost more opening day fixtures than any other Premier League club (10).

DIY Solar Eclipse Glasses
Because the eclipse will only be partial, it's essential that anyone wishing to view it obtain the correct protective eyeware. Rather than the 10 minutes of something happening, the total solar eclipse observers will see and feel something unique.

Other news