Stocks close slightly lower, trimming earlier losses
Stocks close slightly lower, trimming earlier losses
13 Agosto, 2017, 15:20
European markets also slid in early trade after Wall Street indices suffered their biggest losses in almost three months Thursday, while the dollar struggled to recover from eight-week lows below 109 yen as investors fled to safe haven assets.
Nevertheless, the geopolitical uncertainty looks set to continue, dealers said, following Trump's fresh warning Thursday that his earlier threat to unleash "fire and fury" on the reclusive nuclear-armed state may not have been "tough enough".
Mr. Trump's remarks on Tuesday that North Korea would face "fire and fury like the world has never seen" pushed Wall Street lower on Tuesday and drove up the VIX "fear gauge" of expected volatility on the S&P 500 higher. Meanwhile, euro/dollar was 0.2% up, just shy of the 1.18 handle, pound/dollar was flat, having earlier hit a three-week low of 1.2939 and dollar/yen was 0.1% down above the 109 level - the pair fell to 108.72 after the data on US CPI, its lowest since April 20.
North Korea raised the stakes further on Thursday with a detailed plan to send a salvo of missiles towards the US Pacific territory of Guam.
The focus on North Korea largely overshadowed a Labor Department report showing an unexpected drop in United States producer prices in the month of July. Hong Kong's Hang Seng Index plunged by 2 percent, while South Korea's Kospi Index slumped by 1.7 percent. They suggest the USA and China, a North Korean ally, could work together to de-escalate the situation.
Safe havens benefited from the move away from stocks - gold rising again to around $1,290 an ounce after surging 1.3 percent Wednesday - but other risky assets such as oil and copper held their price. Small-company stocks fell more than the rest of the market.
Investors bought bonds after the Labor Department said the consumer-price index increased 0.1% in July from the previous month. -North Korea tensions and the weak data that further reduced expectations of a Fed rate hike in December.
By mid-morning in NY investors began to look for stocks to buy rather than offload and the Dow Jones industrial average was 38.65 points higher at 21,882.92 while the S&P 500 was...
Burger chain Wendy's was up 4.20 per cent after it reported better-than-expected quarterly profit and sales. TMX Group Ltd was up 3.5 percent to C$68.23, while Quebecor Inc added 2.9 percent to C$44.60. France's CAC 40 fell 1.1 percent to 5,057.43 while Germany's DAX lost 0.5 percent to 11,953.94.
Dow e-minis were down 56 points, or 0.25 percent, with 29,071 contracts changing hands at 8:36 a.m. ET (1236 GMT). The euro fell to $1.1728 from $1.1757.
Shares of Snapchat parent Snap Inc.(SNAP) slid 14% a day after the company's earnings missed forecasts (http://www.marketwatch.com/story/snap-ceos-promise-cant-overcome-declining-ad-rates-stock-heads-toward-new-lows-after-earnings-2017-08-10), and the social-messaging company disclosed that average ad prices fell in the second quarter.
Alongside its ritual ballistic missile tests, North Korea has conducted nuclear tests on five occasions, two of which in 2016. Beforehand, he had called at the Security Council for countries to cut diplomatic and financial ties with Pyongyang.
In commodities , US. crude fell 0.67 per cent to $49.23 per barrel and Brent was last at $52.58, down 0.23 per cent on the day. ASIA'S DAY: South Korea's Kospi sank 1.7 percent to 2,319.71 and Hong Kong's Hang Seng lost 2 percent to 26,883.51.
During the Saturday meeting held in Tehran, Zarif and Ould Cheikh Ahmed discussed the latest developments in Yemen. The two officials also exchanged views about new initiatives for a solution to the political stalemate in Yemen.
The exclamation came after President Donald Trump warned Pyongyang of " fire and fury like the world has never seen". No other details were given about Monday's meeting. "There's even a THAAD system in South Korea now".
Unusual volume can be a major signal that investment gurus and momentum traders are piling into a stock ahead of a catalyst. Following the sale, the chief financial officer now directly owns 18,122 shares in the company, valued at $2,889,734.12.
Besides that, today the area of interest will be how India's own chinaman Kuldeep Yadav bowls on a pitch offering slow turn. Sandakan dismissed Pujara for a paltry 8 as he nicked one to Mathews at slip to get Sandakan his first wicket .
Affleck finished off his interview with this: "This is a really nice time to work in DC". "They're hitting their stride". Batman On Film's Bill Ramey's trusted sources revealed Snyder's initial cut was "unwatchable".
Il rejoint le Serbe Novak Djokovic, finaliste à New York l'an dernier, dans le club des joueurs dont la saison est terminée. J'adore ce sport et je vais travailler dur pour retourner à mon meilleur niveau et jouer encore beaucoup plus d'années.
While the encounter is tense as a outcome of Theon's betrayal of Robb, Jon lets it go in gratitude for Theon's rescuing Sansa . While waiting to find out, we still wondered if Jaime could have died in episode 4 of season 7 of Game of Thrones .
The Iranian Parliament on Sunday ratified a motion on countering "US adventurous and terrorist measures in the region". The measure comes in retaliation to new USA sanctions on Iran over its ballistic-missile program and missile tests.
Apple Watch Sales Seen Getting Boost From Cellular Model
Using the Apple Watch Dick Tracy-style to make calls is less useful but paired with a decent Bluetooth headset it could be handy. The Apple Watch 2 for example included a GPS chip which meant it no longer had to rely on a smartphone's location feature.
Arsenal kicks-off English Premier League on a high
But Leicester, which so astonishingly won the league in 2016, couldn't hold on for its first win at Arsenal since 1973. The Algerian let it be known that he's seeking a move away from the King Power Stadium.
A new beginning for CBFC
Nagabharana, Ramesh Patange and Jeevitha Rajasekhar have joined the censor board members of the Hindi film industry CBFC . I have respect for the industry. "I only hope he doesn't reverse the work that I started at the CBFC." said Nihalani.
Equities fall on rising tension between US & North Korea
The latest sell-off was the most severe yet, amounting to the biggest single-day drop for the stock market in almost three months. Dillard's slumped 13.8 per cent after the chain booked a loss for the second quarter as increased inventory led to big discounts.
Seven dead, over 20 missing in Himachal landslide
Chief Minister Virbhadra Singh left from Shimla by road as bad weather did not permit him to take the aerial route to Mandi. One of the state roadways bus was hit by the landslide debris and skidded off the road, falling down by nearly a kilometre.
North Korea tensions are set to cause a stir on Wall Street
The dollar index (.DXY), which measures the USA currency against a basket of other major currencies, fell 0.14 percent. Treasuries and Germany's ultra-safe government bonds, known as Bunds, were trading at their highest prices since June.
Wall St rebounds on Fed bets but set for weekly loss
In bond markets, 10-year US Treasuries and Germany's ultra-safe government bonds were trading at their highest prices since June. The local currency was trading at 1,145.05 won against the USA dollar, down 3.05 won from the previous session's close.