Korean shares end lower on foreign selling amid tensions over N. Korea
13 August, 2017, 14:44 | Author: Leticia Walters
The CBOE Volatility Index - a measure of investors' expectations for swings in the S&P 500 over the next 30 days - surged Thursday to its highest level since U.S. Election Day.
"Amid all the sabre-rattling, we expect gold prices to continue to move higher and likely cross the $1,300 an ounce mark in relative short order", said INTL FCStone analyst Edward Meir.
Trump's comments came after reports that North Korea has spurned a new round of sanctions approved by the UN Security Council.
"As a portfolio manager, you say, 'Do I think we'll get a war out of this?'" said Torsten Slok, chief global economist at Deutsche Bank, referring to the back and forth between North Korea and President Donald Trump.
"North Korea doesn't seem like they're going to back down and the U.S. has also made a very strong stance this time".
The North Korea situation isn't the only thing weighing on stocks. North Korea also laid out detailed plans of how it would launch a missile strike on US military bases in Guam.
"Military solutions are now fully in place, locked and loaded, should North Korea act unwisely", he tweeted.
In contrast to the US market, global equities remained weak.
S&P 500 e-minis were down 10.25 points, or 0.41 percent, with 217,904 contracts traded. Economists had expected prices to rise by 0.2 percent.
The primary indicator of the week, consumer prices have slightly advanced in the month of July in the United States, but less than expected, according to figures released Friday by the ministry of Labour. SPDR Gold Shares (GLD), which tracks gold bullion prices, climbed 0.74%. Asian and European stocks continued the sharp decline Friday.
The major averages ended the session just off their worst levels of the day.
Apart from geopolitical worries, some technical analysts like Tom McClellan, editor of the McClellan Market Report, blamed seasonality for this week's sharp retreat given August's record as a weak month for stocks.
Amid the hot rhetoric, US stocks sold off sharply on Thursday, with the S&P 500 falling more than 1 percent.
Trading was thinner than usual, with Japanese markets closed for a public holiday. While the German DAX Index has edged down by 0.1 percent, the French CAC 40 Index and the U.K.'s FTSE 100 Index are both down by 1 percent. "Indeed, the biggest increases in the price of gold have occurred when the USA bombed Libya in 1986, in the wake of the Gulf War in 1990, and, more recently, when ISIS attacks put oil supplies in the Middle East at risk".
Gold, another classic safe haven asset, was trading at around $1,285 per ounce, up more than two per cent this week and near a nine-week high.
On the currency front, the USA dollar is trading at 108.82 yen compared to the 109.20 yen it fetched at the close of NY trading on Thursday.
While, the PDP and BJP have a coalition in Jammu and Kashmir, both the parties are not on the same page regarding the issue. The Union government has rightly parted ways with the state government in front of the Supreme Court .
How can I look at it safely? Staring at the sun can damage an eye's retina , causing temporary or even permanent damage. Those staying in Europe, Australia, Africa, South and East Asia can watch the lunar eclipse on 7 and 8 August.
He's one of those players who gives me consistency which is what I like. "I think what will be crucial will be their home form". Arsenal the same, they didn't sell the top players like Ozil, Alexis, that some expected. " Liverpool are equipped.
In an on-street interview , Karrueche gave her take on RiRi's curves and ex-boyfriend Chris Brown reacting with emoji eyes. Rihanna hasn't responded to the issue and it looks like it doesn't bother her much at all.
The USS John S McCain destroyer cnducted a fereedom of navigation patrol in disputed waters of the South China Sea on Thursday. Trump has pushed China to use its influence to compel North Korea to stop its missile tests and nuclear weapons development.
In a statement accompanying the release of the letter, Conyers said that as a Korean War veteran, he was "ashamed" of Trump. Locked and loaded - that's how President Trump described the US military solutions for dealing with North Korea .
If I felt like I couldn't do all these things, it would not be enjoyable or I wouldn't be doing it any more. Federer finally began to hit his spots on serve, while tightening up his game from the back of the court.
And, he was nowhere to be seen for the second either as Vardy skipped in to put the Foxes ahead 20 minutes later from close range. "First game of the season we played a classic, so for everybody at home it will have been unbelievable to watch".
Police officials said that the security forces were conducting a search operation when the militants opened fire at them. The Army quickly launched a search operation in the area but no arrests were made, the police sources said.
The parliament's majority voted for the bill, which was a response to the USA new sanctions against the Islamic Republic. During his campaign he threatened to tear up the 2015 nuclear deal with Iran, which he has called "the worst deal ever".
He was 1-3 with a 5.65 ERA in six starts with the Mariners before being sent back down to AAA-Tacoma earlier this summer. JC Ramirez lost his last outing as Baltimore reached him for six runs and eight hits in seven innings.
I'd say he's being incredibly irresponsible and he's putting us in a situation where you could have an accidental launch. The phone call with the French President came hours after Trump spoke with Chinese President Xi Jinping.
Kisner, Matsuyama share lead at Quail Hollow
He already has two World Golf Championships title and 14 victories around the world, six of them in the last 10 months. As for this course, this is not an easy golf course and one can not afford to fall back too far behind.
On Deck: Yankees at Blue Jays
Bautista has 35 career home runs against the Yankees , tying him with Tampa Bay's Evan Longoria for the most among active players. Jose Bautista shifted from right field into the DH role, while Ezequiel Carrera was entered into the outfield.
Things You Should Know About The August 21st Eclipse
Those interested in catching a safe view of the solar eclipse can stop by the Oak Park Public Library's viewing party August 21. If you happen to be on the Mainland when the 2017 eclipse happens, here are 10 viewing locations to consider .