Gold steady near 2-mth highs as N. Korea tensions continue
13 Août, 2017, 15:15 | Author: Marc Bacque
Traders across the globe reacted with dismay to Trump's warning Thursday that his earlier threat to unleash "fire and fury" on the reclusive nuclear-armed state may not have been "tough enough".
US President Donald Trump's brinkmanship in the escalating tensions with North Korea has taken a heavy toll on global markets, wiping $1 trillion off the value of shares worldwide. It earlier hit its highest since June 7 at $1,291.86.
The dollar weakened after news that USA producer prices unexpectedly fell in July, recording their biggest drop in almost a year and pointing to a further moderation in inflation that could delay a Federal Reserve interest rate increase.
The pan-European FTSEurofirst 300 index lost 1.01 per cent and MSCI's gauge of stocks across the globe shed 0.26 per cent for a weekly loss of 1.6 per cent, the largest since the week to November 4.
MSCI's broadest index of Asia-Pacific shares outside Japan skidded 1.55 percent, its biggest one-day loss since mid-December.
The Swiss franc and Japanese yen are often sought out in times of geopolitical tension or global financial stress, partly because both countries have big current account surpluses. "So we're not going to get to a year-over-year number of 2-percent until some of these very low readings drop out of the statistics 6 to 10 months from now". "Pretty remarkable, perhaps even extraordinary, considering", said Tim Ash, strategist at fund manager BlueBay.
Disappointing U.S. inflation and jobs data have not helped the dollar.
The Korean won continued to fall versus the dollar, down 0.13 per cent to 1,143.5 on Friday for a 1.6 per cent decline on the week.
"If the data continues to come in on the softer side, the market might start to price the Fed staying on hold this year", said Sireen Harajli, FX strategist at Mizuho in NY.
The euro was 0.14 percent higher against the dollar.
United States stocks fall again on North Korea tensions
Wall Street saw a stock sell-off on Thursday as rising tensions between the US and North Korea filled investors with worry. Pacific island territory of Guam in an unusually detailed threat that further heightened tensions with the United States .
Others weighing in included Vice President Mike Pence, who is heading Sunday on a six-day trip through Central and South America. The victims appeared to be counter-protesters but could be residents, CBS News justice reporter Paula Reid reports . "Go home.
The Wall Street Journal was first to report that the legal team of special counsel Robert Mueller has started up a grand jury. US-Russia relation is extremely critical for the majority of the global affairs if one wants to find a peaceful solution.
In a recent interview to a website, Rahul said that not converting the starts into big hundreds will make him more hungry. The celebration wasn't the usual: the twirl of moustache and slapping of thigh. "It was a fun thing with the boys".
Speaking on the 2017/2018 European League Season and the match fixtures, Brands and Marketing Director, StarTimes, Mr. Keita enjoyed a breakout campaign for Lazio last season, scoring 16 Serie A goals.
The vigil will be a time to remember those who were injured and killed at the rally in Charlottesville on Saturday, August 12. Police also said a helicopter crash that killed two Virginia state troopers outside Charlottesville was linked to the rally.
Investors instead turned to safe-haven assets such as gold, pushing it to a two-month high, and the Japanese yen rose. Shares of Michael Kors ended up 21.5 per cent, after the luxury goods maker raised its full-year revenue forecast.
One former Republican senator is calling on Congress to use the 25th Amendment to remove President Donald Trump from office. It has become a familiar exercise. "I believe that this idiot over there is trying to make a name for himself", said Mr.
In other Alphabet news, VP James Grier Campbell sold 183 shares of the stock in a transaction that occurred on Thursday, June 1st. COPYRIGHT VIOLATION NOTICE: This piece was originally posted by TheOlympiaReport and is the property of of TheOlympiaReport.
Japanese, British and USA 10-year government bond yields are also at or close to their lowest level since late June. In commodities , oil prices slid on doubts over whether OPEC production cuts are draining a global supply glut.
ASEAN Calls on North Korea to Halt Missile, Nuclear Tests
In the face of Saturday's United Nations sanctions, North Korea remained defiant, saying the UN's move was unwarranted and unfair. The sanctions can work only if North Korean leader Kim Jong Un concludes he has too much to lose by hanging on to his weapons.
Xavi comments on Jean Seri
Seri's present contract expires in June 2019 and if he's to leave this summer Nice are demanding his release clause of £35m be met.
I'm not a big man, I'm a small entity, says Prasoon Joshi
Do I have any regrets? "I really do not know how this work is done, but I do understand that it has to be done and done well". Actually, from the time I came in, there have been elements working against me, some of them from within the CBFC.
Packers sign LS Brett Goode
Jansen, the team's initial long-snapper who all but had the job locked up, suffered a season-ending injury at the end of August. The veteran long-snapper will be competing against inexperienced Derek Hart for the starting job.
Aaron Carter Gets Emotional At a Gay Bar
Moretz ended the confession stating that one never knows what might happen and that maybe she might meet Carter one day. At the time, he claimed that there was an issue with his vehicle and that is why he was driving so badly on the road.
Tigers confirm signing of Benji Marshall
Halves Tuimoala Lolohea and Luke Brooks performed well for the Tigers and should gain plenty of confidence from this showing. Marshall, 32, has signed a one-year contract with the Tigers which will likely see him end his career at Concord.