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Korean threat, calls it 'position of fear'

11 August 2017

Ten-year US yields dropped 4.3 basis points to 2.24 per cent and German equivalents fell 3 bps to 0.43 per cent, a six-week low. Lockheed Martin, Raytheon, General Dynamics and Northrop Grumman and the Dow Jones U.S. defense index was up 1.48 percent after hitting a record high.

It comes as North Korea responded to President Donald Trump's warning, with the country saying it would consider hitting United States territory Guam with a missile strike.

If the North Korean government continues with their threats, Trump promised that they "will be met with fire, fury and frankly power, the likes of which the world has never seen before". Pyongyang said it was examining plans for attacking Guam, a usa territory in the Pacific with a military base. For years, North Korea has claimed Guam is within its missiles' striking distance, making furious statements each time when the US flew powerful bombers from the island's air base to the Korean Peninsula.

Stock markets have turned lower as investors reacted nervously to renewed tensions between the United States and North Korea.

Shares of G4S PLC (GFS.LN) fell 5.8% even as the security services company posted a rise in first-half earnings (http://www.marketwatch.com/story/g4s-earnings-up-revenue-growth-seen-in-line-2017-08-09) and projected revenue growth will be in line with its medium-term target.

Stocks veer higher into record territory; oil heads lower
Some of Canada's biggest banks were also influential decliners, but closed with only moderate losses. Brent crude, the worldwide standard, lost 23 cents to $52.14 a barrel in London.

Markets have tended to shrug off North Korea's sabre-rattling in the past, dismissing it as bluster, but the latest tensions have added to jitters.

In New York, the Dow Jones industrial average fell 36.64 points to 22,048.70, the S&P 500 index inched down 0.90 of a point to 2,474.02 and the Nasdaq composite index lost 18.13 points to 6,352.33.

Both brothers plan to be off-island in the coming weeks.

The euro fell a quarter-of-a-percent against the dollar to trade at $1.1728 as European markets opened.

A separate report from the Labor Department showed an unexpected uptick in initial jobless claims in the week ended August 5th. "Today's JOLTS data bring a September meeting balance sheet unwind announcement a little closer to reality". The NFIB small business optimism index rose to 105.2 in July from 103.6 in June.

Almost 60000 evacuated after China quake kills 19
National tourism authorities have issued the highest safety warning for Jiuzhaigou, telling tourists to stay away. Sichuan province is prone to earthquakes with more than seventy thousand people killed in a quake there in 2008.

"In the wake of the global financial crisis, many major economies undertook largely coordinated efforts to expand balanced sheets and provide nearly infinite liquidity to the system", Steve Kelso, CEO of Ashburton Investments, said. Most observers believe the next hike will come in December. Against that backdrop, Dudley might provide an upbeat outlook and confirm that the Fed is on track for a rate hike, said Innes.

"North Korea has always threatened other countries". The euro fell to $1.1728 from $1.1757.

Benchmark U.S. crude rose 39 cents to settle at $49.56 a barrel on the New York Mercantile Exchange.

She added that she recently discussed the issue with US Secretary of Defense James Mattis and Navy commanders.

Can Chelsea repeat as Premier League champions?
A nightmare run of form in January and February wrecked Liverpool's last campaign, and that suspicion of inconsistency remains. The season starts with uncertainty surrounding the future of a number of high-profile players.

Korean threat, calls it 'position of fear'