Gold jumps on rising US-North Korea tensions

14 Août, 2017, 04:23 | Author: Marc Bacque
  • North Korea military parade

"That reset is being triggered by North Korea geopolitical concern and stretched valuations", said Peter Kenny, senior market strategist at Global Markets Advisory Group in NY.

"As a portfolio manager, you say, 'Do I think we'll get a war out of this?'" said Torsten Slok, chief global economist at Deutsche Bank, referring to the back and forth between North Korea and President Donald Trump.

U.S. President Donald Trump issued a new verbal warning to Pyongyang on Thursday, saying that his previous promise to unleash "fire and fury" may not have been strong enough after North Korea responded with a threat to land a missile near the U.S. Pacific territory of Guam.

In Europe, the pan-continental STOXX 600 index lost 0.8 per cent, with falls deepening after reports a vehicle had rammed a group of soldiers in Paris, injuring six. The Swiss currency was also on track for its biggest daily gain against the euro since the Swiss National Bank removed its cap on the currency in January 2015. Heating oil fell 1 cent to $1.63 a gallon.

Technology companies led USA stocks slightly higher in afternoon trading Friday, recouping some of the losses from the day before. Perrigo rose $1.58, or 2.1 percent, to $78.43.

"The unpredictable nature of North Korea means it is hard to gauge exactly how likely an attack is, yet given the military power of both nations, there is no surprise we are seeing markets shift out of risk assets and into havens such as the yen and gold", said IG market analyst Joshua Mahony, in a note.

Energy stocks also fell along with the price of crude oil. TMX Group Ltd was up 3.5 percent to C$68.23, while Quebecor Inc added 2.9 percent to C$44.60.

The market volatility - the VIX index, nicknamed " the fear index, had been dashed the night before - remained high compared to the evolution since the beginning of the year.

SeaWorld Entertainment slid 6.2 percent after the theme park operator reported second-quarter revenue that fell short of Wall Street's expectations. Its shares slid $9.77, or 5.3 percent, to $174.02.

Barnaby Joyce refers himself to the High Court over citizenship cloud
Of the four, possibly five, MPs recently found to hold dual citizenship, only the two Greens senators completely resigned. Holding public office as a dual citizen is not allowed under Australia's constitution.


Lalu demands CBI probe into Rs 500 cr scam involving Sushil Modi
Sushil Kumar Modi denied having anything to do with the scam. "Why would we do so if we were involved in it?" said Sushil Modi. He should lodge an FIR against Modi and have him arrested.


94 morts après des jours de pluies torrentielles — Inde et Népal
Six corps ont été découverts pour le moment, mais le bilan pourrait s'alourdir, de nombreuses personnes étant portées disparues. Des milliers de résidences ont été détruites dans ces intempéries qui frappent le pays himalayen depuis trois jours.


Canadian Tire Corp Ltd rose 3.4 percent to C$146.65.

After a dip of as much as 0.52 percent earlier in the day, Wall Street's three major indexes bounced off intraday lows.

In Europe, the pan-continental STOXX 600 index fell 0.9 per cent, with falls deepening after a auto rammed a group of soldiers in Paris, injuring six, in what officials said was a suspected terrorist attack.

BONDS: Bond prices rose. Hong Kong's Hang Seng Index plunged by 2%, while South Korea's Kospi Index slumped by 1.7%.

Benchmark U.S. crude was down 21 cents to $48.38 a barrel on the New York Mercantile Exchange.

At 10:34 a.m. ET (1434 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 70.95 points, or 0.47 percent, to 15,146.38.

US crude rose 1.08 percent to $49.70 per barrel and Brent was last at $52.78, up 1.23 percent on the day.

In other precious metals, silver was almost flat at $16.90 per ounce after hitting its highest since June 15 earlier in the session.

The bond market was without direction: the yield of u.s. Treasury bills to 10 years, which evolves to the inverse of the bond price, appears to 2,190 %, compared to 2,198 % Thursday evening, and that bills to 30 years at 2,786 %, compared to 2,773 %.

Conseillé:

  • JC Penney Company, Inc. Holding Company (NYSE:JCP) Updates FY18 Earnings Guidance

    Holding from a reduce rating to a hold rating and set a $4.50 target price on the stock in a research report on Monday, June 26th. ILLEGAL ACTIVITY NOTICE: This news story was first posted by Transcript Daily and is the sole property of of Transcript Daily.
    Egypt's railway authority head resigns after fatal crash

    Egypt's railway authority head resigns after fatal crash

    Egypt's railway system has a poor safety record, mostly blamed on decades of badly maintained equipment and poor management. Transport Minister Hisham Arafat said "human error" led to the collision but did not elaborate.
    UK, US Looking for Diplomatic Solution to N Korean Crisis

    UK, US Looking for Diplomatic Solution to N Korean Crisis

    Michael Ahrens, the RNC's rapid-response director, sent the video of Ellison's comment to reporters, calling it "insane" and and challenging Democrats to respond.
  • Trump better president than Obama

    Trump better president than Obama

    But if Pyongyang does attack Guam , "I have confidence that we have responses that are proportionate to the problem", Rice said. On Friday morning, Trump tweeted that USA forces in the region were "locked and loaded". "It's not a dare", the president said.

    Star Wars Battlefront 2 Space Battles To Be Showcased At Gamescom 2017

    The dogfight will take place in the Fondor: Imperial Shipyard map, featuring fighters, bombers, hero ships, and more. Tune in on August 21, 2017, at 9.30am PT / 12.30pm ET / 5.30pm United Kingdom for the new footage.
    Notre Dame and Wisconsin to renew rivalry in series

    Notre Dame and Wisconsin to renew rivalry in series

    Reports say that the matchups will occur at Lambeau Field in 2020 and Soldier Field in 2021, though this has yet to be confirmed. When the Badgers return to Green Bay in 2020, Wisconsin and Notre Dame will be playing for the 17th time overall.
  • Amid North Korea Threat, Trump Weighs Military Action In Venezuela

    Amid North Korea Threat, Trump Weighs Military Action In Venezuela

    Arreaza added that "the Bolivarian Republic of Venezuela once again warns the global community of the serious threats that are ever increasing".
    Rose is not the only one frustrated at Spurs - Jenas

    Rose is not the only one frustrated at Spurs - Jenas

    They have the best defence from the last two seasons as they conceded the least number of goals in both campaigns respectively. He continued: "Right now, Harry Kane is one year away from being worth that, if already not being worth that".
    Chelsea defender close to Bundesliga loan move

    Chelsea defender close to Bundesliga loan move

    Rahman has made 23 appearances for Chelsea in all competitions since joining from Augsburg in 2015. No decision has yet been made'.
  • Chelsea v Burnley red cards: Fabregas and Cahill decisions correct - Alan Shearer

    Chelsea v Burnley red cards: Fabregas and Cahill decisions correct - Alan Shearer

    I have to try to adapt a new system and to anticipate this situation of playing with nine or 10 men in the next game. Relegation candidates Burnley went on to score three in the opening 45 minutes, two courtesy of striker Sam Vokes.
    [INFOGRAPHIE] Le Fipronil au cœur de l'enquête sur les œufs contaminés

    [INFOGRAPHIE] Le Fipronil au cœur de l'enquête sur les œufs contaminés

    En France, il peut également figurer dans des biocides notamment des produits anti-fourmis ou anti-cafards. En revanche, aucune préparation phytosanitaire à base de fipronil n'est autorisée.
    Fayetteville holds community vigil standing by Charlottesville

    Fayetteville holds community vigil standing by Charlottesville

    At 7 p.m., a candlelight vigil will take place in Lafayette Park, across the street from the White House. Organizers said they picked that spot because they feel it's important to keep Olango's memory alive.


Populaire

José Mourinho: I never thought Chelsea would sell Nemanja Matic to me
Romelu Lukaku: "To play in front of such a great crowd for such a great club it's a dream come true, but the most important thing was to win".

Découverte d'œufs contaminés au Fipronil — Pays basque espagnol
Ce sont les ministères de l'Agriculture et de la Santé qui ont saisi l'Agence le 7 août dernier. Ces œufs ont été consommés sans impact sur la santé.

One dead after tour bus hits pedestrians in downtown Vancouver
First responders retrieved him from under the bus, and were seen performing CPR on him before he was taken to hospital. Witnesses told CTV that the pedestrians were loading or unloading their luggage from the vehicle when they were hit.

WA weather: Severe weather warning in place after wild storm
THE Bureau of Meteorology has issued a severe weather warning, with a strong cold front approaching the south west of the state. Residents in Perth and elsewhere have been warned to expect damaging winds later this morning as the front moves up the coast.

Three Kashmiri youths martyred, several injured in occupied Kashmir
Sources said Yattu's death is a crushing blow to Hizb outfit after the killing of Burhan Wani on July 8 a year ago . Sources said that earlier it was presumed that Adil Malik along with Umar and Irfan were killed in the gunfight.

Des œufs contaminés dans le Pas-de-Calais
Le ministre de l'Agriculture a reçu dans les nuit les résultats de l'enquête de l'Anses ( Agence nationale de sécurité sanitaire de l'alimentation) sur les œufs contaminés au fipronil .

Israel welcomes USA delegation for peace talks resumption
President Trump stressed that Palestinians and Israelis need "direct negotiations", the United States official added. According to a senior Israeli official, the delegation is evidently expected to arrive in the last week of August.

The BidaskClub Lowers Randgold Resources Limited (NASDAQ:GOLD) to Sell
Finally, Ameriprise Financial Inc. raised its position in shares of Randgold Resources Limited by 15.8% in the first quarter. HSBC Holdings plc reissued a "hold" rating on shares of Randgold Resources Limited in a research report on Friday, July 7th.

Chad Brown trainee, Beach Patrol wins Arlington Million
That was fast enough for a 2-1/4-length win over Ireland's Taj Mahal with France's Afandem third. The $564,000 winner's share of The Million raised his career earnings over $1.4 million.

Manchester United vs West Ham, Premier League
Matic was the other man-of-the-match contender as he dominated the midfield on his home debut following a £40m move from Chelsea . Ricardo Carvalho was one of the best defenders in the history of the Premier League but in the beginning he struggled.