Gold buoyed by global tensions, U.S. inflation data
Gold buoyed by global tensions, U.S. inflation data
Gold up in AsiaMore
13 Agosto, 2017, 17:49
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The Dow Jones Industrial Average fell 36.64 points, or 0.17 per cent, to 22,048.7, the S&P 500 lost 0.9 points, or 0.04 per cent, to 2,474.02 and the Nasdaq Composite dropped 18.13 points, or 0.28 per cent, to 6,352.33.
A Labor Department report showed its producer price index posted a surprise drop in July, down 0.1% for the largest slide in nearly a year. In particular, July headline inflation came in at 0.1% month-month in July, falling short of expectations for CPI growth to stand at 0.2% - still this was better than June's 0.0%. Core inflation that excludes volatile food and energy items grew at a pace of 0.1% m/m, the same as in June but below the forecasted 0.2%.
Geopolitical concerns took centre stage once again after President Donald Trump issued a new round of comments against North Korea.
Japan said on Tuesday it was possible that North Korea had already developed nuclear warheads and warned of an acute threat posed by its weapons programs as Pyongyang's continues missile and nuclear tests in defiance of United Nations sanctions.
"I think what the President was doing was sending a strong message to North Korea", Tillerson said.
Meanwhile, a Pentagon spokesman said a joint military exercise between the US and South Korea was expected to start, as planned, on 21 August.
"Military solutions are now fully in place, locked and loaded, should North Korea act unwisely. Hopefully Kim Jong-un will find another path!"
An index of 15 gold miners tracked by Bloomberg Intelligence climbed 1.1 percent, led by Toronto-based Yamana Gold Inc. Genesee & Wyoming (GWR) is posting a notable gain after reporting an increase in July traffic. The price of a single bitcoin hit an all-time high of above $3,500 this week, dragging up the value of hundreds of newer, smaller digital rivals in its wake. The euro touched a one-month low of 128.19 yen earlier on Friday.
Seven of the 11 major S&P 500 sectors were higher, with the technology's 0.36% rise leading the advancers.
Japan's Yen is another victor with USD/JPY dropping from the 111 region right down to the 109's we are presently seeing.
If the decline continues, Paulsen said, it will be "a good buying opportunity".
Asian markets swooned from the opening bell, and closed in the red.
The phenomenon can also be seen in the spread between indexes by Goldman Sachs Group Inc. that divide companies according to finances. Germany's DAX Index fell 0.6%, the UK's FTSE 100 Index retreated 1.2% and France's CAC 40 Index slid 1.4%.
Until this week, the equity market had managed to shake off negative news, including previous sabre-rattling over North Korea and failures in Washington to pass high-profile bills, such as repealing and replacing Obamacare.
The benchmark USA yield on Thursday was just above 2.2%, at its lowest level since late June, as investors bought up Treasuries, a classic safe harbour.
US Secretary of State Rex Tillerson sought to calm tensions after Trump's remarks, saying "Americans should sleep well at night". McCain says he takes exception to Trump's comments "because you got to be sure you can do what you say you're going to do".
But God help him if foolish pride compels him to forego retirement to redeem himself. "Just like him (Johnson)". I just hope Mo Farah's ill-advised association with his coach Alberto Salazar doesn't come back to haunt him.
The Premier League is back and Manchester United's campaign begins with a game against West Ham United at Old Trafford on Sunday . The Spurs cannot afford to flame out of the cup competitions early, as they did last season.
But for Arsenal the same old problems at the back resurfaced in worrying fashion in their curtain raiser with Leicester . Instead, Wenger avoided a third consecutive season-opening loss at the start of his new two-year contract.
Mohamed Salah's pace and trickery are likely to give defenders the chills in the Premier League this season. "The bad news for the Hammers is that Romelu Lukaku scored against the European Champions midweek".
Despite the lack of totality , viewing the eclipse still provokes several health risks, requiring observers to view with caution. You can now take off your eye protection and look at the eclipsed sun because, at this point, daylight has faded into night.
He said , "I'm delighted to be joining BT Sport, ' said Lampard, who will be at Wembley on Sunday as Arsenal take on Chelsea ". My only task is to focus on the pitch, what happens on the pitch, during the training session to work with my players.
Wilshere keeping Arsenal from Mahrez transfer? Really?
Shakespeare was true to his word and started Riyad Mahrez despite the Algeria worldwide asking to leave the King Power Stadium. Perhaps we've got to ensure that all our players give their all and hope that City are off-colour, but it can happen that way.
Solar eclipse: What will I see in Florida?
As thousands of people travel to SC to watch the historic eclipse, the hunt is on for protective lenses to view the phenomenon. NASA also went ahead and created this map, which combines the likelihood of clear skies with the eclipse path of totality.
Mourinho confirms Ibrahimovic talks are underway
All three have the pace to change defence into attack quickly, something City lacked in the full-back positions last season. Is he be the new Thierry Henry? An opening goal for them would be incredible , but City should handle them quite easily.
Chelsea 'lost heads', says Conte after shock loss
United and City will be a tougher prospect now Mourinho and Pep Guardiola have something close to their ideal squads. Sean Dyche is ready for another slog of a season and said: "We've already got that "we'll show you mentality".
North Korea nerves rattle stocks, lift gold, yen
Dow Jones Industrial Average (DJIA ) futures are trading below fair value, as the tensions between the US and North Korea amplify. Data storage company Seagate Technology (STX) posted a standout gain within the hardware sector, jumping by 2.4 percent.