Global stocks slide as US-North Korea nuclear tensions rise
Global stocks slide as US-North Korea nuclear tensions rise
A salesman arranges a gold necklace in a display case inside a jewellery showroom in Kolkata
13 August, 2017, 01:04
On Tuesday, President Donald Trump warned North Korea of "fire and fury" in response to recent threats from Pyongyang, which said it was examining plans for attacking Guam, a USA territory in the Pacific with a military base.
USA and Asian stocks plunged overnight, with investors instead fleeing to traditionally safer assets including German government bonds, among the best-rated and most liquid assets in the world.
WALL STREET: U.S. stocks closed lower on Thursday led by technology companies.
Now installed in the White House, Trump issued a new warning to Pyongyang on Friday, tweeting: 'Military solutions are now fully in place, locked and loaded, should North Korea act unwisely'. Japan was closed on a public holiday.
The precious metal is usually seen as a safe haven to investors at a time of geopolitical uncertainty.
The Swiss franc, the other traditional safety-play among currencies, has benefited too.
The euro eased 0.1 per cent to $1.1766, staying below a high of around $1.1910 set last week, the euro's strongest level in 2-1/2 years. The S&P hasn't moved more than 0.5 per cent in a day since July and has fallen more than one per cent only twice this year.
Gold extended gains after data showed USA producer prices unexpectedly fell in July, recording their biggest drop in almost a year and pointing to a further moderation in inflation that could delay a Federal Reserve interest rate increase.
"This selloff could be more than just a North Korea induced blip on the screen", Peter Boockvar, chief market analyst at The Lindsey Group, wrote in a report on Friday.
Canada's main stock index turned slightly higher in early trade on Wednesday, as gains for gold miners and energy companies with higher commodity prices offset falls among financials.
The VIX, a measure of Wall Street volatility, spiked more than 30% Thursday. The euro zone's version is at its highest since April, when France's election was rattling the region.
Pyongyang said it was examining plans for attacking Guam, a US territory in the Pacific with a military base.
"Although we certainly can get a five to seven percent correction, we don't think it's the start of a significant bear market".
Netflix also fell, giving up $2.58, or 1.4 percent, to $175.78.
The Dow Jones Industrial Average (DJIA) managed to end its three-day losing streak today, even though tensions with North Korea seem to increase by the hour.
Spot gold rose 0.3 percent to $1,264.50 per ounce at 0324 GMT, while USA gold futures for December delivery rose 0.6 percent to $1,270.40 per ounce. The Nasdaq composite fell 35 points, or 0.5 percent, to 6,336.
Cracks are showing in what has been a virtually non-stop US equity rally after a rapid escalation of tension between North Korea and the United States this week.
The kiwi has been on the back foot all week ahead of the Reserve Bank of New Zealand's (RBNZ) policy decision due on Thursday, when it is widely expected to keep interest rates unchanged at a record low 1.75 percent.
The occupancy in the theaters on the first day for the film has recorded 70 percent which is considered as the good start. The social drama which was one of the most awaited films of this year raked in Rs. 13.10 crores at the domestic front.
The eighth overall pick in the 2012 draft out of Texas A&M, Tannehill had started every game, 77 in all, until December's injury. The decision to opt for surgery came after Tannehill discussed his options with head coach Adam Gase on Friday.
It's not the first time North Korea has threatened Guam , which is a crucial, strategic hub for USA forces in the Pacific. Meanwhile, Guam's homeland security adviser George Charfauros urged calm and said defences were in place.
The president of the university campus, Teresa Sullivan, released a statement condemning the protestors' actions. One counterprotester apparently deployed a chemical spray, which affected the eyes of a dozen or so marchers.
The Province plans to file for intervenor status in legal challenges against the federal government's approval of the project. Kinder Morgan said last month that it was on track to begin construction on the pipeline expansion in September.
A single winning ticket was sold in Palos Heights, Illinois for Friday's $393 million ($247 million cash) Mega Millions jackpot. The odds of winning either game are extreme - one in 292 million for Powerball, and one in 259 million for Mega Millions.
She argued that Glover had invited her to talk about her personal experience with gun violence and that he was being dismissive. When asked about her work with the Department of Justice on policing issues, Manigault-Newman responded, "Google me".
The Swiss franc reversed a two-week losing streak, rising rose 1.12 percent versus the greenback at 0.96 per dollar. Outside of geopolitical concerns, disappointing company earnings and outlooks put traders in a selling mood.
He and his wife were then sent to Auschwitz where she was murdered.Kristal remarried in 1947 and emigrated to Israel in 1950. The previous oldest-recorded man was Japanese Yasutaro Koide, who died in January aged 112 years and 312 days.
One of the trains was travelling from Port Said and the other from Cairo , Ahram Online said, before they crashed head-on. A train collision in the Egyptian city of Alexandria has killed 36 people, the Health Ministry reported , as cited by AFP.
Prediction: Everton vs Stoke City
Ross Barkley and James McCarthy are both out with groin and knee injuries respectively. Everton will grind out a hard-fought win in this one.
Uhura Kenyatta declared victor of Kenya election
Two people were shot dead in Nairobi as they took advantage of the protests to loot, Nairobi police chief Japheth Koome said. The electoral commission admitted that hackers had tried to access its database, but said they did not succeed.