European markets open lower on Friday

12 Августа, 2017, 18:31 | Author: Leticia Walters
  • North korea war

"It's been a bit of a roller coaster this week, with all the rhetoric between the U.S. and North Korea", said Jeff Kravetz, regional investment strategist at U.S. Bank Wealth Management. Biotech companies Celgene and Amgen lost 3.8 percent and 2.6 percent, respectively. Technology and healthcare stocks were among the big gainers.

At 10:34 a.m. ET (1434 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 70.95 points, or 0.47 percent, to 15,146.38. Shares of Macy's lost 10% and Kohl's fell 5.8%.

"If you strip away what's going on in North Korea, and if you strip away what's going on in Washington, which are things that are tougher to predict, the economy, the global recovery, earnings, it all paints a very positive picture for the rest of the year", Kravetz said.

Late Tuesday, President Trump warned North Korea about facing "fire and fury" if North Korea delivers more threats against the U.S.

Earlier on Thursday, North Korea revealed a plan to launch ballistic missiles toward a major US military hub in the Pacific.

Still, the market has had several fits and starts over the past few months.

Gold prices posted strong weekly gains (http://www.marketwatch.com/story/gold-heads-for-strong-weekly-gain-as-stock-market-exit-persists-2017-08-11) thanks to safe-haven demand. It's still the highest it's been since May. Or are people using these geopolitical concerns as an excuse to take money out of the market -- tech stocks in particular?

Inflation has risen 1.7 percent over the past 12 months, suggesting that inflation pressures remain well under control.

Worldwide, stocks fell for a third day as North Korea increased tension between it and the US with a threat to land a missile just short of the US Pacific territory of Guam.

Читайте также: Android Things Developer Preview 5 upgrades Google's IoT platform to Android O

Traders sold off utilities stocks.

Macy's shares closed down 10.2 percent and Kohl's fell nearly 6 percent as the companies continued to report a drop in quarterly same-store sales, stoking concerns that their turnarounds may still be a long way off. Same-store sales rose 0.4% compared to a year ago, while overall sales in the quarter totaled $4.144 billion, down from $4.18 billion a year ago. Netflix lost 1.5 per cent. Travel-review website operator TripAdvisor was down 2.7 percent.

The Dow Jones Industrial Average rose 14.31 points to close at 21,858.32.

The September crude contract was up 20 cents to US$49.76 per barrel and the September natural gas contract was up seven cents to US$2.95 per mmBTU.

Bond prices were little changed. Natural gas was also flat at $2.98 per 1,000 cubic feet.

USA gold futures gained 0.26 percent to $1,293.50 an ounce.

"The UK headline index has crashed to the lowest level since late June, in a week which has turned from mundane to insane".

Travel website operator Priceline fell 7.26 percent, weighing the most on the S&P and the Nasdaq, following a disappointing forecast.

Nasdaq 100 e-minis were down 17 points, or 0.29 percent, on volume of 36,232 contracts. The selling was also in response to lower prices in Asia and Europe. Hong Kong's Hang Seng Index plunged by 2%, while South Korea's Kospi Index slumped by 1.7%. The fact that ended with a 1%-plus drop, however, might be good news. The Japanese markets were closed for a holiday.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2017 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Recommended:

  • Trump tweets backhanded warning to North Korea, mentions upgraded USA  nuclear arsenal

    Trump tweets backhanded warning to North Korea, mentions upgraded USA nuclear arsenal

    Republican Senator Dan Sullivan said a preemptive strike against the North Korean regime would require congressional approval. The North is threatening the United States with the prospect of a nuclear-armed long-range missile, and Sen.
    Salma Hayek wishes luck to Akshay Kumar for 'Toilet: Ek Prem Katha'

    Salma Hayek wishes luck to Akshay Kumar for 'Toilet: Ek Prem Katha'

    As the film based on a social cause released in theatres worldwide this Friday, reports suggest that it has had a decent opening. The film follows the story of a newly Wednesday couple played by Akshay Kumar and Bhumi Pednekar who live in a small town.
    TSX hits 1-month low on risk aversion, lower oil prices

    TSX hits 1-month low on risk aversion, lower oil prices

    Computer hardware stocks rebounded following recent weakness, with the NYSE Arca Computer Hardware Index climbing by 1.4 percent. WTI crude was up 0.3% at $49.72 a barrel in late European session, while Brent crude was 0.8% firmer at $53.13 a barrel.
  • Fulton County (Atlanta) Chairman John Eaves Calls for R. Kelly Criminal Investigation

    Fulton County (Atlanta) Chairman John Eaves Calls for R. Kelly Criminal Investigation

    Kelly on Friday. "Once the evaluation is complete, we will take the appropriate action", Fulton County district attorney Paul L. Kelly unequivocally denies such accusations and will work diligently and forcibly to pursue his accusers and clear his name".
    Fiat Chrysler's US Retail Sales Continued to Fall in July 2017

    Fiat Chrysler's US Retail Sales Continued to Fall in July 2017

    Narrowing in a bit closer, the 5 month price index is 0.97594, the 3 month is 0.99120, and the 1 month is now 1.03469. TRADEMARK VIOLATION NOTICE: This story was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze.
    Verizon digs 811 Day

    Verizon digs 811 Day

    The member utilities then mark the dig site, indicating the approximate location of their underground public utility lines. In New York, call 811 at least two business days before each job to have underground pipes, wires and equipment located.
  • Brighton vs Manchester City

    Brighton vs Manchester City

    " Hopefully, next season I'll be here, and now we're not going to spend how we have spent this season I assure you that ". He added: "We played four games, one with four at the back and the last three with three at the back".
    Mourinho says Manchester United still in the market for a winger

    Mourinho says Manchester United still in the market for a winger

    Think you can do better than Lawro? The south coast club's last home game in the top flight was a 1-0 defeat by City on May 7 1983.

    Stores selling out of eclipse glasses

    In Madison on Friday, the glasses were sold out at Kirkland's on the Far East Side and at Toys R Us on the Far West Side. The rare event will be history on the afternoon of August 21, but you'll want to keep your eyes as healthy as possible.
  • Tillerson Urges Calm as Trump Trades Escalating Threats With North Korea

    Tillerson Urges Calm as Trump Trades Escalating Threats With North Korea

    North Korea responded by claiming it is preparing a plan to fire missiles at the USA territory of Guam in the western Pacific. " President Trump's threat to rain down "fire and fury" on North Korea is like pouring gasoline on a fire", Humphrey wrote.
    Lawyers want Penn State live-in frat adviser to testify in pledge death

    Lawyers want Penn State live-in frat adviser to testify in pledge death

    Scicchitano testified that it was discovered by police about a week and a half ago that footage had been deleted. Sinclair has to determine if there is sufficient evidence to send the case to county court for trial.
    Fernando Llorente's future is at Swansea: Paul Clement

    Fernando Llorente's future is at Swansea: Paul Clement

    He said: "The situation is our club have a valuation and another club have a valuation and the two clubs have not met. Sigurdsson's last appearance for Swansea was their first pre-season friendly at Barnet on July 12.


Popular

Mauricio Pochettino says he is sure Tottenham summer signings will come
Tottenham kick off their Premier League campaign with a hard away trip to Newcastle on Sunday. Maybe three or four players, in offensive and defensive positions.

Brighton v Manchester City - How do the teams compare?
Former England and Newcastle striker Shearer is tipping Manchester United to win the Premier League title for the first time since 2013.

Liberty Global PLC (LBTYA) Receives Consensus Recommendation of "Buy" from Brokerages
In Services sector, Liberty Global plc ( LBTYA ) holds floating shares of 959.64 million and 959.64 million outstanding shares. News stories about Liberty Global PLC (NASDAQ:LBTYK) have been trending somewhat positive this week, Accern Sentiment reports.

Dog walker Peter Wrighton 'seen arguing before death'
Detectives investigating the murder of Peter Wrighton have said they will be "exploring all avenues" in their enquiries. On Friday, police released CCTV footage of the last known sighting of Wrighton before he was killed.

Trump on North Korea; Google scandal; Trouble at Snap
Dow e-minis were up 6 points, or 0.03 percent, with 29,187 contracts changing hands at 8:34 a.m. Global benchmark Brent also fell 0.9 per cent to $51.44, after Thursday's 1.5 per cent drop.

Tendencies