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FTSE Slips on North Korea Fears

12 August 2017

Blue Apron slumped as much as 19.1 percent to a record low after the meal-kit delivery service provider reported a bigger-than-expected loss in its first quarterly report as a public company.

On Friday basic resource stocks dropped 2.6 percent to a month low as metal prices fell.

MSCI's gauge of stocks across the globe .MIWD00000PUS shed 0.77 percent, on track for its third straight day of declines as it pulled further back from all-time highs. The Nasdaq composite lost 135 points, or 2.1 percent, to finish at 6,217.

The Korean won KRW=KFTC also continued to skid, sliding 0.3 percent to 1,145 won to the dollar, after earlier sinking to its lowest level in a month.

Overnight, Wall Street closed sharply lower after Trump, with fiery rhetoric, warned Pyongyang against attacking Guam or United States allies after it disclosed plans to fire missiles over Japan to land near the U.S. Pacific territory.

S&P closes barely lower despite North Korea tensions
The local currency was trading at 1,135.20 won against the USA dollar, down 10.10 won from the previous session's close. In overseas trading, stock markets across the Asia-Pacific region saw further downside during trading on Thursday.

He doubled down on those remarks on Thursday, suggesting that perhaps his rhetoric wasn't harsh enough. In order to determine the latter, many additional factors need to be considered (i.e. sentiment, chart patterns, cycles, indicators, ratios, self-similar patterns and more) and we are taking them into account (and discussing the short- and medium-term outlook) in our trading alerts.

Meanwhile, the dollar index, which tracks the dollar against a basket of six major currencies, slipped on the back of weaker-than-expected USA producer prices.

In Europe, the Stoxx 600 Index ended the session with a drop of 0.7 percent from the previous close.

The VIX closed 1.4 per cent higher but at the lowest level of the day at 11.11, after rising as high as 12.63. The Dow Jones industrial average fell 0.93 percent, with the tech-heavy Nasdaq composite index declining 2.13 percent.

The recovery fit a recent pattern of investors using dips to put more money in stocks. These mark a bucking against the 1.3% fall in Australia's benchmark index.

Nemanja Matic Sale a Casualty of "Crazy Transfer Market", Says Antonio Conte
Rooney also played in both legs of the Europa League third qualifying round against Slovakian side MFK Ruzomberok. He said: "I admit it [his fee] is a very important amount, but I have personality to play quietly and go my way".

Analysts said yields, which move inversely to prices, could fall further if the geopolitical tensions continue to rise - even if central bankers in the USA continue to talk of raising interest rates or scaling back stimulus programmes.

-North Korea tensions and the weak data that further reduced expectations of an interest rate hike in December.

Silver added 0.4% to $17.15 USA per ounce after hitting $17.24, its highest since June 14, in the previous session.

Data showed USA producer prices unexpectedly fell in July, recording their biggest drop in almost a year, while another set showed the number of Americans filing for unemployment benefits unexpectedly rose last week.

Oil prices fell during the Asian session despite an updated forecast from OPEC showing that demand could increase by around 200,000 barrels a day for the next two years.

Children Die In Gorakhpur Hospital Due To Alleged Disruption Of Oxygen Supply
However, local sources said the legal action was on the cards against the firm accused of breaking the oxygen supply abruptly. Notably, CM Aditynath visited BRD hospital on Wednesday and inaugurated ten-bed ICU, a six-bed Critical Care Unit facility.

Vietnam shares fell 2.3 per cent, their most in nine months, dragged down by financials and consumer staples. Britain's FTSE 100 sank 1.4 percent.

FTSE Slips on North Korea Fears