Dollar hits 8-week low vs yen, N.Korea tensions spook investors
Dollar hits 8-week low vs yen, N.Korea tensions spook investors
Daily December Comex Gold
12 Agosto, 2017, 22:51
World equity markets were lower Friday on the back of simmering tensions between the United States and North Korea, but firmer prices on Wall Street helped put a floor under the losses in Europe, dealers said.
"What has changed this time is that the scary threats and war of words between the USA and North Korea have intensified to the point that markets can't ignore it", said Shane Oliver, head of investment strategy at AMP Capital in Sydney.
On Thursday, the Dow Jones index dropped 0.9 percent, or 204,69 points, to 21 844,01.
Yesterday China's Hang Seng and SSE Composite indices fell by 1.9 per... Additionally, China weighed in on the standoff, saying in an editorial in state-run Global Times that Beijing will intervene if the US strikes first against North Korea.
Developments regarding the situation with North Korea may remain in focus next week, although traders are also likely to keep an eye on reports on retail sales, housing starts, and industrial production.
Markets across Asia suffered a bloodbath on Friday (Aug 11) as investors bailed on fears that escalating tensions between the United States and North Korea may boil over into military confrontation.
The yen tends to benefit during times of geopolitical or financial stress as Japan is the world's biggest creditor nation and there is an assumption that Japanese investors will repatriate funds should a crisis materialise.
The utilities index .SPLRCU , often seen as a bond proxy because of its companies' slow reliable growth and high dividends, was the only S&P sector that ended the day up, showing a 0.25 percent gain.
Yes, the VIX volatility index remains historically low at just 15.4. Investors, meanwhile, are fleeing to more stable investment markets.
A Reuters Datastream index of more than 7,000 stocks across the globe saw its market capitalisation drop from a record high US$61.36 trillion on Monday to US$60.43 trillion at the close on Thursday.
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Investor focus now turns to Friday's USA consumer price index data.
Drops among cyclical sectors weighed on the index, with heavyweight miners Rio Tinto, BHP Billiton, Anglo American and Glencore all dropping between 2.9 to 3.1 per cent as tensions between the U.S. and North Korea hit riskier assets, including metals prices.
Trucking and software stocks are also seeing notable strength in mid-day trading, while steel stocks have moved sharply lower on the day. It has to be said that this rise is not only due to the increase in global risk but also due to the slight weakness in the dollar. The spot gold price was up 0.7 per cent at $1,286.07 per ounce by 1400 GMT, after hitting an earlier high of $1,286.40, its highest level since June 8. The Treasury yield us 10-year fell to 2,201 % vs. 2,248 % Wednesday night and one of the warrants to 30 years 2,778 %, compared with 2,824 %.
Ongoing global glut concerns lingered in oil markets despite a bigger-than-expected draw in USA crude inventories, leaving prices volatile.
Benchmark U.S. crude rose 23 cents to settle at $48.82 a barrel on the on the New York Mercantile Exchange.
Colliers International Group (NASDAQ:CIGI) (TSE:CIGI) last issued its quarterly earnings data on Tuesday, August 1st. Parametric Portfolio Associates LLC boosted its stake in Colliers International Group by 21.0% in the first quarter.
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Murray was also Ottawa's head coach from 2005-06 through 2007-08, leading the team to the Stanley Cup Final in 2007. As we mourn Bryan's passing, we celebrate his many contributions to the game - as well as his courage.
An investigation by Lighthizer could possibly lead to tariffs against China and action through the World Trade Organization. Trump tweeted Friday that military solutions are "locked and loaded, should North Korea act unwisely".
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During the show, Oviya was seen immersing herself in the swimming pool inside the Bigg Boss house with her nose closed. Meanwhile, police told a daily that Oviya's personal secretary has denied about the suicide attempt.
Japan is the world's biggest creditor country and there is an assumption that investors there will repatriate funds in a crisis. The Dow and S&P 500 inched higher on the day but they both posted their largest weekly percentage drops since late March.
After the characters have spent so many seasons scattered and driven apart, it's a sign of how far along the show has progressed. It was while showing off her #skillz, Arya was quick to remind Brienne that she "swore to serve both my mother's daughters".
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