Friday, 19 October 2018
Latest news
Main » North Korea talk drags stocks lower; gold, yen rise

North Korea talk drags stocks lower; gold, yen rise

12 August 2017

But U.S. stocks regained some lost ground, despite Trump's comments Friday that U.S. weapons are "locked and loaded", ready to respond if North Korea acts "unwisely".

Oil futures ended higher today, but banked a second weekly decline, after the International Energy Agency (IEA) said some members of the Organization of the Petroleum Exporting Countries (OPEC) are "showing signs of weakening their resolve" to stick to output agreements.

The S&P 500 Index (SPX - 2,441.32) gained back 3.1 points, or 0.1%. The Dow is down 48.57 points or 0.2% at 22,036.77, the Nasdaq is down 20.93 points or 0.3% at 6,349.53 and the S&P 500 is down 3.18 points or 0.1% at 2,471.74. But it was up 10 percent in 250 days.

The Russell 2000 index of smaller-company stocks gave up 13.20 points, or 0.9 percent, to 1,396.95, the lowest level in two months. North Korea responded with threats to launch missiles into the Pacific Ocean near Guam, a US territory.

In UK stocks, Worldpay Group was among the biggest risers after the firm agreed a £9.3bn merger deal with USA rival Vantiv in a tie-up that will create a global payments processing giant with a combined value of £22.2bn.

Man Utd will always be a giant — Mourinho
Jose Mourinho admits Manchester United could still sign one more player, but he will not be "crying" if they do not. Romelu Lukaku takes the central striking role, which leaves just the inside forward positions to be filled.

Trading will also be moderated by a lack of legislative news from Washington as the U.S. Congress is in recess until Sept 5.

Emerging market stocks rose 0.29 percent.

Shares of Snap were down as much as 14.23 percent and hit an all-time low following a miss on revenue and daily active users. On the Nasdaq, 1,846 issues fell and 953 advanced favoring decliners.

Disappointing company earnings and outlooks put traders in a selling mood.

Stocks are often shocked into a quick decline when a major geopolitical event occurs, but the ability to recover has been very different.

Segantii Capital Management Ltd Has $506000 Position in NVIDIA Corporation (NVDA)
Following the completion of the sale, the insider now owns 162,706 shares of the company's stock, valued at $22,305,365.54. Vodafone Group Plc (ADR) (NASDAQ:VOD) has declined 13.23% since August 10, 2016 and is downtrending.

On the other hand, gold stocks have shown a strong move to the upside on the day, driving the NYSE Arca Gold Bugs Index up by 1.5%.

FASHIONABLE RESULTS: Investors cheered Ralph Lauren's latest quarterly results, sending the designer clothing company's shares up 11% to $86.74.

BONDS: Bond prices rose. It added 39 cents to $49.56 a barrel overnight. Brent crude, used to price global oils, gained 56 cents to $52.70 in London.

The dollar is down 0.21% against sterling at the time of writing and down 0.27% against the Japanese yen.

Raising their forecasts for the euro, Morgan Stanley analysts said Switzerland's asset management industry, which has held or hedged huge inflows in francs since the euro zone's debt crisis took hold in 2010, would finally begin to reduce its franc position in the months ahead.

Pittsburgh Steelers WR Martavis Bryant won't play in preseason opener
The Giants' inability to score points and move the ball with any consistency became an anchor on their season. Friday night, either, since McAdoo says he's using the same approach he did for last year's preseason opener.

Markets also awaited United States inflation figures, as measured by the Consumer Price Index (CPI), which is set to signal how fast USA interest rates will rise. Earlier in Asia, Japan's benchmark Nikkei 225 slipped less than 0.1 percent, while Hong Kong's Hang Seng slid 1.1 percent.

North Korea talk drags stocks lower; gold, yen rise