North Korea standoff wipes $1trn off global stocks

13 Août, 2017, 13:39 | Author: Marc Bacque
  • North Korea's Impact on Your investment Portfolio

The Nikkei slumped to its lowest close for nearly three months Wednesday, leading an Asia-wide sell-off sparked by President Donald Trump's apocalyptic warning over North Korea's weapons program.

FIRE AND FURY: Keeping up his tough talk, Trump told reporters that North Korean leader Kim Jong Un's government should "get their act together" or face extraordinary trouble, and suggested his earlier threat to unleash "fire and fury" on North Korea was too mild.

The so-called fear gauge - the CBOE Volatility Index (VIX), the most widely followed barometer of expected USA stock market volatility, hit its highest since November 8, when Mr Trump was elected president.

Investors also drew some encouragement from new government data showing US inflation at the consumer level inched higher last month.

Tokyo's Nikkei 225 share index closed down 1.3 percent at its lowest since June 1 as the strong yen hit exporters, while South Korea's KOSPI index fell 1.1 percent to seven-week lows.

The ongoing political crisis that has seen North Korea state it was seeking to strike the US Pacific island territory of Guam within days, prompted gold speculator Dennis Gartman, editor and publisher of The Gartman Letter to say he believed gold was on the cusp on a significant break out.

Dai-ichi Life Holdings dropped 1 percent, T&D Holdings fell 2.2 percent while Mitsubishi UFJ Financial Group declined 0.9 percent.

Cara Delevingne enjoying birthday fun in the sun with model pals
For Delevingne , being a role model is an important thing for her because she wants kids to have someone to look up to. Read the full interview in the September issue of ELLE UK , on sale 15th August.

Rep. Engel Compares Trump To Kim Jong Un
Ellison, a Minnesota Democrat, later retracted that but still said he thinks Trump is "irresponsible". And so, what we need to do is try to tamper down this crisis.

Noble Group sinks deeper with $2.4b loss in Q2
Once Asia's largest commodities trading house, Noble is slimming down drastically to its core Asian coal-trading business. Noble said it accounted for a US$1.3 billion noncash valuation adjustment on its balance sheet, leading to the loss.

Rising costs for housing, medical care and food helped push the Consumer Price Index (CPI) up 0.1 percent in July, seasonally adjusted, after no change in June and a 0.1 decrease in May, the US Labor Department said.

The Standard & Poor's 500 index fell 0.2 percent, to 2,474.92.

Against the greenback, the Swiss franc eased about 0.1 percent to 0.9645 per dollar, having surged about 1.1 percent on Wednesday. The Nasdaq added 39.68 points, or 0.6 percent, to 6,256.56.

Nervous traders have scrambled to take refuge in traditional safe havens such as gold, silver, bonds, Japanese yen and Swiss franc, dampening interest in risk assets such as equities and industrial commodities.

US Treasury long-dated yields dropped to six-week lows, pressured by US-North Korea tensions and the weak data that further reduced expectations of an interest rate hike in December. Chinese blue chips are about flat but Hong Kong's Hang Seng index is down 0.3 percent.

Benchmark 10-year notes last rose 5/32 in price to yield 2.2255 per cent, from 2.242 per cent late on Wednesday. Australia's S&P/ASX 200 dropped 1.2 percent to 5,693.10.

CURRENCIES: The dollar fell to 109.96 yen from 110.48 yen late Tuesday. The NYSE Arca Biotechnology Index plunged by 3.4% to its lowest closing level in well over a month. Brent crude, used to price worldwide oils, rose 20 cents to $52.10 a barrel in London. Against the euro, the dollar is valued at $1.826 compared to yesterday's $1.1772.


  • Nicki Minaj Shows Off Her Booty In Revealing Stripper Outfit

    Nicki Minaj Shows Off Her Booty In Revealing Stripper Outfit

    Cardi B's success has proven naysayers wrong as her popularity as an artist is transcending her former escapes as a reality star.
    Paul Merson gives his verdict on Arsenal and Tottenham's title chances

    Paul Merson gives his verdict on Arsenal and Tottenham's title chances

    Antonio Conte's champions were beaten 3-2 by Burnley at Stamford Bridge on the opening day, and had both Gary Cahill and Cesc Fabregas dismissed.

    Nuveen NC Prem Announces Monthly Dividend of $0.04 (NNC)

    News headlines about Nuveen Amt-Free Municipal Value Fund (NYSE:NUW) have trended positive recently, Accern reports. Nuveen AMT-Free Municipal Value Fund ( NYSE:NUV ) traded down 0.07% during trading on Friday, reaching $10.13.
  • Martial a des offres, mais MU le bloque — Mercato

    Martial a des offres, mais MU le bloque — Mercato

    Pourtant, l'ancien monégasque avait donné le tournis à Carvajal en préparation . Le club a notamment refusé deux offres provenant de deux clubs européens.
    Pioneer Library System to focus on solar eclipse

    Pioneer Library System to focus on solar eclipse

    Homemade filters and ordinary sunglasses don't provide enough protection for looking at the sun or the eclipse. The Bravas and Ragin' Cajun food trucks also will be parked nearby so people can enjoy food while they watch.
    Antonio Conte explains why he's so annoyed with the Matic sale

    Antonio Conte explains why he's so annoyed with the Matic sale

    You saw that in the Uefa Super Cup game - he'll fit very well in there. "It's just unusual that he's gone to a competitor". Antonio Conte concedes that the departure of Nemanja Matic was an unexpected blow to his plans at Chelsea this season.
  • Stocks slide on continued concern over tension between U.S.  and North Korea

    Stocks slide on continued concern over tension between U.S. and North Korea

    RETAIL SLUMP: Disappointing quarterly results from big department store chains put investors in a selling mood. Charter Communications rose 2.9 per cent on news Altice is exploring a bid for the cable giant.

    Black Box Corporation (NASDAQ:BBOX) Earns Daily Coverage Optimism Score of 0.11

    Trexquant Investment LP purchased a new position in Black Box Corporation during the first quarter worth approximately $180,000. The Company is involved in designing, building, managing and securing the information technology (IT) infrastructure.
    Will Twitter suspend Trump's account for 'threatening nuclear war' against North Korea?

    Will Twitter suspend Trump's account for 'threatening nuclear war' against North Korea?

    Trump has stepped up warnings that Kim's regime would face a devastating military strike if it continued threatening the U.S. Professor Lucas said: "The Chinese and the USA have been talking behind the scenes for months about what to do".
  • Nantes-OM (0-1) : Trois points c'est tout pour les Marseillais

    Nantes-OM (0-1) : Trois points c'est tout pour les Marseillais

    Suite à une déviation de Germain l'argentin se jette et marque en deux temps, après un cafouillage avec le gardien (88′, 1-0). Les hommes de Rudi Garcia enregistrent un second succès après autant de journées et n'encaissent toujours pas de but .
    Japan Deploys Missile Defense Over NKorea Threat to Guam

    Japan Deploys Missile Defense Over NKorea Threat to Guam

    Other residents are anxious about the political atmosphere and the government's ability to find a peaceful solution. In addition to tourists, the island also hosts around 5,000 USA troops at two U.S. military bases.

    The IBM Retirement Fund Invests $204000 in Westrock Company (WRK)

    The basic materials company reported $0.74 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.64 by $0.10. Franklin Resources Inc expanded its stake by buying 3,487,473 shares an increase of 1,158,628.9% from 03/31/2017 to 06/30/2017.


Woodlands sealed off as search continues for Trevor Deely in Dublin
Gardaí said this is a very stressful time for the Deely family and asked for their privacy to be respected. This search is expected to take a number of weeks.

Découverte d'un nouveau cas de fillette enceinte
Les parents devront alors décider s'ils veulent prendre soin du bébé qui va naître ou le faire adopter. Cette fois-ci c'est une fillette de 11 ans, enceinte de six mois, qui a été hospitalisée.

Iran Majlis passes motion in response to United States sanctions
The accounts of the entities will be blocked and their properties in Iran will be confiscated. Government representative Abbas Araqchi was also present in the Majlis session.

28-year-old set to agree terms for stunning Arsenal deal
Alexis Sanchez is an Arsenal player. "Overall I believe that it's down to us". However most Arsenal fans aren't buying the all-too convenient news.

Backlash over Kerala school diktat on uniform
However, principal Abdul Kareem said, "Students were selected based on their academic, co curricular activities and discipline". The Childline officials have also found the process highly discriminatory which will raise mental agony of the students.

Les Macron passent leurs vacances à Marseille
Selon nos informations, les époux Macron prévoient de séjourner à Marseille au moins jusqu'à la fin de la semaine prochaine . Il est attendu dès le 23 août à Salzbourg en Autriche pour une tournée européenne.

Federer advances to Montreal final
But Federer, a three-time victor of the tournament, recovered to seal a last-eight clash against Roberto Bautista Agut . Federer saw his streak of winning 32 consecutive sets end against David Ferrer but bounced back to reach the last eight.

Arsenal without Sanchez for season opener
Arsenal have signed two players so far this summer as they prepare to try and challenge for the Premier League title this season.

Premier League season starts in style
And although Wenger admits that he is a fan of the 26-year-old attacker, he says that Arsenal were never close to his signature. Download the Nigeria Today app from Play store. "He came here tonight and got the goals his performance deserved".

Barclays PLC Reiterates Underweight Rating for Coca Cola HBC AG (LON:CCH)
SRS Capital Advisors Inc. purchased a new stake in shares of Coca-Cola Company (The) during the fourth quarter valued at $127,000. Tocqueville Asset Management L.P.'s holdings in Coca-Cola Company (The) were worth $42,009,000 as of its most recent SEC filing.