Wall Street Stops Stocks' Bleeding, for Now; Gold, Yen Tick Up
Wall Street Stops Stocks' Bleeding, for Now; Gold, Yen Tick Up
Fire and fury President Trump promises a response"like the world has never seen to NK threats- Source Gage Skidmore
13 Agosto, 2017, 16:55
"The market is trying to interpret the CPI data as somewhat positive because it is anticipating that the Fed will be on hold not only in September but also possibly in December", said Robert Pavlik, chief market strategist at Boston Private Wealth. The Korea tensions though have seen both USA and European markets this week push back expectations of when the Fed and ECB might hike interest rates.
A Reuters Datastream index of more than 7,000 stocks across the globe saw its market capitalization drop from a record high $61.36 trillion on Monday to $60.43 trillion at the close on Thursday.
Trump said on Thursday that his first threat to unleash "fire and fury" may not have been tough enough.
In the first four days of the week, the Standard & Poor's 500 index swung from marking its latest record high to posting its biggest single-day drop in almost three months.
"There's not a great incentive to buy big", said Lerner of SunTrust Advisory. The Dow is up 34.62 points or 0.2 percent at 21,878.63, the Nasdaq is up 25.62 points or 0.4 percent at 6,242.49 and the S&P 500 is up 4.36 points or 0.2 percent at 2,442.57.
The Straits Times Index sank 1.31 per cent or 43.52 points to 3,279.72, down 1.4 per cent for the week. "That did temporarily shake investors' complacency, but we think markets are ready to move higher in the back half of the year, and earnings and economic data are going to drive that".
"Looking historically, there's relatively little volatility when it comes to stock market and North Korean provocations", said Kent Boydston, a research analyst at the Peterson Institute for International Economics.
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 there will repatriate funds should a crisis materialise.
Wall Street rebounded on Friday and ended on a good note in a hard week marked by increasing geopolitical tensions: the Dow Jones has taken 0.1% and the Nasdaq up 0.6 per cent.
The dollar was further weighed on Friday by the soft USA inflation data.
Los Leones golearon otra vez y ya están en la gran final
Estos puntos ayudan a Los Leones a seguir siendo los mejores en el ranking mundial de la Federación Internacional de Hockey . Los Leones jugarán la final el sábado, a las 18.45, de aquí, contra el vencedor del duelo entre Estados Unidos y Canadá.
Markets had earlier stabilised as Tillerson tried to ease tensions, saying he did not believe there is "any imminent threat" to Guam, and expressed hope diplomacy would prevail.
The dollar pulled back 0.1 percent to $0.9635 Swiss francs on Friday, after dropping as much as 1.2 percent to a two-week low overnight. The EUR/CHF was up 0.11% and trading at 1.1341 Swiss Francs.
But losses soon resumed, with Tokyo edging down as the Nikkei again came under pressure from the strength of the safe-haven yen, which hit eight-week highs Wednesday against the dollar.
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.
Cape Investment & Securities said it expected the benchmark Korea Composite Stock Price Index to trade at the 2,300-2,360 range next week. The 30-year bond was last up 4/32 in price to yield 2.7871 per cent, from 2.794 per cent late on Thursday.
Department of Labor launched a contract-compliance review of Google's employment practices related to diversity. During an interview with a far-right YouTube personality on Tuesday, Damore stood by his memo.
From a gilded hall in Washington DC's Mayflower hotel, in typical Trumpian fashion, the speech was not notable for its accuracy. Trump's comments came after he spent two days slamming McConnell on Twitter, writing that McConnell "couldn't get it done".
Burger chain Wendy's was up 4.20 per cent after it reported better-than-expected quarterly profit and sales. Hong Kong's Hang Seng Index plunged by 2 percent, while South Korea's Kospi Index slumped by 1.7 percent.
Manager Arsene Wenger this week revealed that he gave the player the option of leaving, but that he chose to fight for his place. But Arsenal entered the match with a dismal record of one win, three losses and three draws in their last seven season openers.
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.
Portfolio Solutions LLC purchased a new stake in shares of Coca-Cola Company (The) during the first quarter worth about $108,000. Signature Estate & Investment Advisors LLC boosted its stake in shares of Coca-Cola Company (The) by 5.0% in the first quarter.
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.
Pyongyang on Thursday announced it was finalising a plan to fire four missiles near the United States territory of Guam. In remarks to reporters, Mattis said the United States was prepared to respond to a North Korean attack.
Actualmente, según datos oficiales, hay en Argentina 7880 personas esperando un trasplante de órganos y 3038 de córneas . En lo que va del año se realizaron 1468 trasplantes (871 de órganos y 599 de córneas).
Márquez Álvarez fue señalado por el Departamento del Tesoro de EU por ser testaferro del narcotraficante Raúl Flores Hernández .
Taylor's groping case: Judge ruled out the former DJ
Martinez did say there's evidence to support a damages claim over the KYGO contract but not for future earnings. Testimony has resumed in a civil trial over whether Taylor Swift was groped by a former radio DJ.
Shaw still loved at Manchester United
On the other hand, United have already spent £145 million this summer on Romelu Lukaku, Nemanja Matic, and Victor Lindelof. The United manager is thought to be pursuing another left-back, with Danny Rose one of the names mentioned.
Leaders of US, France Discuss N. Korean Issue
Tensions around the Korean Peninsula started to rise in light of the implementation of the North Korean missile program. On Friday, he tweeted that America's military remains "locked and loaded" in the region.
Los jugadores del Atlas bancaron a Rafa Márquez
La firma deportiva Nike aseguró que está revisando sus contratos con Márquez tras conocer la sanción. Además prohíbe a ciudadanos o entidades estadounidenses de tener relaciones de negocios con él.
Cristina Kirchner no podrá votar este domingo
Desde el viernes ya circulaban versiones en Río Gallegos sobre la ausencia de la ex presidenta hoy en la capital provincial. Tampoco lo harán sus hijos Florencia y Máximo Kirchner .
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.