North Korea tensions continue to weigh on global stocks
13 Août, 2017, 07:12 | Author: Marc Bacque
In his latest warning to North Korea, US President Donald Trump said on Friday military solutions were "fully in place" and referred to American weapons as being "locked and loaded" should the nuclear-armed nation act "unwisely".
USA stock index futures were lower on Friday as the escalating war of words with North Korea drove investors to seek safety in low-risk assets.
Wall Street stocks posted their biggest declines in almost three months Thursday as President Donald Trump doubled down on his warnings to North Korea over its nuclear program.
The Toronto Stock Exchange's S&P/TSX composite index fell 143.08 points to 15,074.25, with almost all of its sectors moving lower. Both the Nasdaq and the Russell are set for their third straight weekly decline.
The headlines about North Korea served as a spark to jolt investors out of complacency on the heels of an extended period of calm in the market, said McClellan who shared the following chart in a report.
Apart from geopolitical worries, some technical analysts like Tom McClellan, editor of the McClellan Market Report, blamed seasonality for this week's sharp retreat given August's record as a weak month for stocks.
Hong Kong's Hang Seng Index plunged by 2 percent, while South Korea's Kospi Index slumped by 1.7 percent.
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Wall Street's fear gauge - the CBOE Volatility Index or the VIX - surged 44%, its second-biggest one-day jump of the year.
However, New York Fed President William Dudley said on Thursday he expected inflation to rise and suggested that the central bank was on track to raise rates once more this year.
In contrast to the US market, global equities remained weak.
An editorial in China's state-run Global Times (http://www.globaltimes.cn/content/1060791.shtml), published late Thursday local time, added to the pressure on Asian markets.
If the North Korean regime "does anything" to the U.S. or a USA ally "things will happen to them like they never thought possible", he told reporters on Thursday, according to Bloomberg.
Stock movers:Nordstrom Inc.(JWN) shares earlier rose after the retailer posted earnings that beat expectations (http://www.marketwatch.com/story/nordstrom-shares-rise-after-retailer-tops-views-sales-rise-2017-08-10) but the stock is trading mostly flat. Shares of J.C. Penney dropped 78 cents, or 17%, to $3.93 Friday after the department store's second-quarter loss exceeded expectations. The precious metal is often used as a safe-haven investment in times of economic uncertainty.
The single-session equity put/call ratio jumped to 0.83 - the highest since April - and the 21-day moving average rose to 0.65. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, popped almost 11 percent to 11.02.
I don't want you to do good. "And somebody will have bragging rights at the end of the year, and hopefully it will be me". Last night when I did start watching the game, I didn't know how to feel because the Steelers are an AFC team.
The business had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.50 billion. The fund owned 714 shares of the electric vehicle producer's stock after selling 115 shares during the period.
The defence ministry has sanctioned the proposal, which suggested a requirement of 544 robots, army officials reportedly said. The Indian Army could soon turn to robots for help against stone-pelting mobs and terror attacks in the Kashmir Valley.
Chinese government-backed scholars said Beijing is deeply concerned about the latest statements from Trump and North Korea. The way to avert a war with North Korea is to have a conversation, and that's not happening, Hecker said.
The nine-man panel, which is chaired by justice Biobele Georgewill, was inaugurated at the Aso rock villa Abuja on Friday. This comes days after the Acting President appointed a 7-man Judicial Commission headed by Justice Biobele A.
Max Kepler and Eddie Rosario drove in three runs apiece as the Minnesota Twins dumped the Detroit Tigers , 9-4, in Detroit . But in the ninth inning, the end came quickly: Mikie Mahtook stroked a single into right field on Belisle's third pitch.
( Byron) "Opportunities like this, you never know when they're gonna come, and I feel like I can learn on the fly ". Because I've enjoyed it for so long and I've lived so numerous highs of the Cup Series".
The two have been at war, though, since Kesha claimed the producer drugged, sexually abused and psychologically tormented her. The touching piano song " with lyrics like "no more monsters, I can breathe again" " showcases a newer, stronger Kesha.
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Mr Shaw announced a number of changes for the Greens, including running a positive campaign and the reused slogan. Instead they will use the slogan "Love New Zealand", which was the party's slogan in 2014.
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After a sacrifice bunt by Nola, Hernandez and Freddy Galvis found holes and delivered a pair of ground-ball hits to score runs. The Mets rebuild is centered around their starting pitching, which has been their downfall this season and last.
Wall Street lower on US-North Korea tensions
The Canadian dollar was trading at 78.64 cents USA , down from an average price of 78.71 cents U.S. on Wednesday. Disappointing quarterly results from big department store chains also weighed down the market.
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