Stocks slide on continued concern over tension between U.S. and North Korea
Stocks slide on continued concern over tension between U.S. and North Korea
12 Agosto, 2017, 19:13
When Iraq invaded Kuwait 27 years ago this month, the S&P 500 fell 1.1 percent, and was down 9.3 percent 20 days later.
The S&P hasn't moved more than 0.5 percent in one day since July and has fallen more than 1 percent only twice this year.
Tokyo's Nikkei 225 share index fell 1.3 percent to its lowest since June 1, while South Korea's KOSPI index plunged 1.1 percent to seven-week lows. On the New York Mercantile Exchange light, sweet crude futures for delivery in September rose $0.39, or 0.8%, to $49.56 a barrel.
Japanese markets were closed for a holiday but the in-demand yen powered on, hitting an eight-week high of 108.91 yen to the dollar, adding to its biggest weekly gain since May.
David Madden, market analyst at CMC Markets UK, said: "European stocks have suffered greatly as traders were prompted to cut-and-run due to the escalating tensions between the USA and North Korea". It has been dubbed as the "warmongering" market by some analysts, who have noticed a pattern of rising stocks following previous North Korea tensions. "We want stocks to ratchet down ahead of the budget negotiations", Goldberg said. While the German DAX Index has edged down by 0.1 percent, the French CAC 40 Index and the U.K.'s FTSE 100 Index are both down by 1 percent.
"I think the market would put it as a very low probability that this turns into anything extremely meaningful", said Scott Wren, senior global equity strategist at the Wells Fargo Investment Institute. "Hard to assess political risk is now intruding on this scenario".
The dollar index, which tracks the greenback against a basket of six major rivals, was almost flat on the day at 93.646, remaining above last week's 15-month low of 92.548. It was trading at 109.16 yen, after retreating 0.8 percent on Thursday.
Japan is the world's biggest creditor country and there is an assumption that investors there will repatriate funds in a crisis.
Geopolitical concerns contributed to the continued strength among treasuries amid an ongoing escalation in tensions between the USA and North Korea. The kiwi was 0.79 percent lower against the greenback after New Zealand's central bank said it was slightly more uncomfortable with the high level of the local dollar than it had been in May.
High-flying technology names suffered outsized losses on the day, with Apple falling 3.2 percent, Amazon 2.6 percent and Facebook 2.2 percent. The Japanese currency rallied broadly against most major currencies.
Oil futures prices rose Wednesday after US government data showed a fall in crude-oil inventories.
A sell-off among heavyweight basic resources stocks heightened the third day of losses for European shares and put them on track for their worst week this year as ratcheting political tensions dented equities worldwide. Anglo American (LON:AAL) is now leading other blue-chip miners lower, having shed 4.22 percent to 1,223.50p.
Manulife Financial Corp was down 1.1 percent to C$25.64.
The latest sell-off was the most severe yet, amounting to the biggest single-day drop for the stock market in almost three months. Yet given the military power of both nations, there is no surprise we are seeing markets shift out of risk assets".
Glasses or other solar filters also shouldn't be used if they're scratched or damaged, according to the astronomical society. People are planning weddings with the vows set to coincide with the few minutes when the moon will fully obscure the sun.
Altra ottima prestazione per la Fiorentina , che si avvicina nel migliore dei modi alla prima di Serie A. Davanti a Reina ci saranno Hysaj e Ghoulam sulla fasce, con Albiol e Koulibaly coppia centrale.
Merlo also explains it's important to make sure your solar eclipse glasses are certified, something that's hard to see. Eclipse Safari offers the NASA live stream of the Eclipse and a Twitter feed with the latest eclipse related tweets.
The Cardinals said they caught up to the fan as she left the ballpark to ask her questions, but "she abruptly left with the cat". Louis Cardinals baseball team, an adorable kitten stopped play on Wednesday night (9 August) after running onto the field.
Darby, who finished second in voting for defensive rookie of the year in 2015, had two years remaining on his contract. He is now dealing with knee tendinitis, which kept him from practicing for a good portion of the spring.
The Federal Reserve is likely to scale back on its expected pace of interest rate hikes if inflation continues to be soft. Shanghai posted its biggest one-day drop since December while Seoul stocks again ended deep in negative territory.
Their location in a US territory means its military is just hours from potential flashpoints in the western Pacific. Locals here remember 2013, when North Korea threatened the Andersen Air Force Base, which hosts the U.S.
Greens leader Richard Di Natale picked up that point, saying building bridges between communities had never been more important. The Australian government has agreed not to push ahead with a postal vote on equal marriage before a legal challenge is heard.
Liverpool , trying to fend off Barcelona's interest in 100 million pound-rated forward Philippe Coutinho , are at Watford . Tottenham's Harry Kane (+275), the two-time reigning Golden Boot victor , is the chalk pick in top scorer futures .
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Or maybe it disappears in a valley on the moon, and it lingers a little bit longer and so the eclipse is gonna start late for you. The Bonner Springs City Library also has an eclipse program planned August 21, with a program in advance scheduled on August 16.
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Less than three minutes later, Olivier Giroud scored the victor for Arsenal , sparking celebrations at the Emirates Stadium. Vardy slid the visitors ahead from Marc Albrighton's cross, only for Danny Welbeck to stroke level on half-time.
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The win brought the Yankees (61-53) within 3 ½ games of the Red Sox (65-50), whose winning streak was snapped at eight. Matt Barnes followed with a hitless seventh that extended the scoreless streak by Boston's bullpen to 19 innings.
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Mr Trump's comments sparked a late afternoon selling on Tuesday , with the Dow ending a nine-day streak of closing records. In other precious metals, silver surged 1.7 pe rcent to $17.20 an ounce after hitting $17.24, its highest since June 14.
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These funds then begin to make their way towards gold, dollar, yen and the swiss franc as these are considered to be safe havens. The market also awaited U.S. consumer inflation data on Friday that would offer more clues about the pace of the U.S.
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Dushmantha Chameera has played six Tests, Vishwa Fernando has played one, and Lahiru Gamage is uncapped in this format. Sri Lanka will have to believe in themselves and put up a fight to end the series on a high.
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Francis Coquelin has also returned to training after recovering from an ankle injury he suffered during the Emirates Cup. Wenger has insisted several times that Sanchez will not be sold, and he's now with Sky Bet to remain with the Gunners.
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ECONOMY: Employers posted a record number of open jobs in June while a survey of small businesses showed optimism improving. Inflation has risen 1.7 percent over the past 12 months, suggesting that inflation pressures remain well under control.
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The thick thatch of blond hair was flying as Shapovalov launched himself into a forehand that stuck on the baseline for set point. Polansky held his next two service games but never looked like breaking Federer's serve as the veteran moved into a 5-2 lead.