FTSE ends down as shares hit by US-North Korea tensions
13 August, 2017, 01:11 | Author: Samuel Sharp
The U.S. blue-chip index is down 1.1% this week and the S&P 500 is 1.6% lower, facing its worst weekly performance since November. Nervous markets: Global markets are heading for a third consecutive day of losses amid growing tensions between North Korea and the U.S.
In the first four days of the week, the Standard & Poor's 500 index swung from marking its latest record high to posting its biggest single-day drop in almost three months.
The stock exchanges in NY saw tiny losses at the end of trading on Tuesday, while Dow-Jones Index and S & P 500 earlier notched new records. US officials attempt to calm US-North Korea tension appeared to sedate anxious investors. The S&P 500 index was also down 0.3% and the Nasdaq Composite down 0.2%.
Gold enjoyed another strong session as traders sought out safe havens, with the price lifting 0.1% to 1,287.8 U.S. dollars an ounce.
The recovery fit a recent pattern of investors using dips to put more money in stocks.
The stock has had an impressive rally in 2017 so far, up 30% in the year to date.
"He's been pushing the world around for a long time", he said, in reference to the North Korean leader, Kim Jong Un.
USA stock futures were pointing to a weaker open on Friday.
Some investors are on edge after U.S. President Donald Trump warned North Korea of "fire and fury".
Trump suggested in remarks on Thursday that his comments threatening North Korea with "fire and fury" may not have been tough enough.
The dollar pulled back 0.1 percent to $0.9635 Swiss francs on Friday, after dropping as much as 1.2 percent to a two-week low overnight. It's still the highest it's been since May.
Weakness in U.S. Treasury yields may also be supporting the yen, some analysts said.
Copper CMCU3 rose 1.05 percent to $6,481.50 a tonne. -North Korea tension also weighed on the Canadian dollar, which weakened against its USA counterpart, despite higher oil prices and stronger-than-expected domestic housing data. Defense and home improvement stocks were among the day's risers while travel & tourism and consumer electronics lagged.
Sales rose by 56% to $2.23 billion, exceeding estimates of $1.96 billion.
SeaWorld Entertainment shares lost more than 6 percent.
Shares of Kohl's were up 3.96 percent in premarket trading after the department store operator reported a rise in quarterly profit. (JWN) jumped almost 3% in premarket trading after exceeding profit and sales forecasts over its recent quarter.
Benchmark U.S. crude fell 22 cents to $49.17 a barrel on the New York Mercantile Exchange. It is poised to end the week down 1.9 per cent.
Peers Aviva and Prudential also closed down 2.1% and 2.3%, respectively, with financial services suffering amid the tensions between the United States and North Korea. Natural gas gained 2 cents to $2.82 per 1,000 cubic feet.
The technology sector .SPLRCT was the S&P's biggest drag with a 2.2 per cent drop.
The Japanese yen last strengthened 0.03 per cent versus the greenback at 109.22 per dollar.
By 4.10pm, the fall was hovering between 99 and 100 points - around 1.34% - down.
Despite the drop, analysts said the market seemed to be a bit sceptical that the North Korea situation would grow into a major crisis, noting that the losses were still not that deep.
The S&P's record close on August 7 likely helped fuel its latest sell-off.
South Korea's fell 1.7 percent to its lowest since May 24, but its losses for the week are a relatively modest 3.2 percent.
Manulife Financial Corp was down 1.1 percent to C$25.64. The Japanese markets were closed for a holiday.
It's not an excuse, but it took a lot more out of me than I realised". "The better man won on the day but I gave it all". However, Edris and team-mate Yomif Kejelcha seized the initiative as the bell went and Farah struggled to go with them.
Shortly after the drowning, IOM staff found shallow graves of 29 migrants on a beach in Shabwa, the United Nations agency said . This year 55,000 African migrants reached Arabian Peninsula through this unsafe route, IOM said.
While Americans enjoy citing their First Amendment right to freedom of speech, there are some boundaries in the workplace. But while the latest scientific research on the subject supports some of his claims, it doesn't support his conclusion.
Arsenal are slated to take on reigning Premier League champions Leicester at the Emirates Stadium on August 12. Cech initially tipped over Riyad Mahrez's shot but the latter turned provider from the resulting corner.
In Friday's consumer price report, the Labor Department said food costs increased 0.2 percent last month after being flat in July. Prescription drug prices also dropped back earlier this year, partly as a correction to strong gains in 2016.
Neeraj Kumar said that party's Muzaffarpur district unit has send a proposal to initiate disciplinary action against Ramai Ram. Party sources said that JD (U ) state president sought a report on leaders who had gone to meet Yadav at the airport.
Ansari was heavily criticised by the Bharatiya Janata Party ( BJP ) for abruptly adjourning the Rajya Sabha on December 30, 2011. You were amidst same kind of environment, thoughts and debates of same kind of people.
Personally, I think anytime you can get people to gaze at the heavens and pay attention to natural phenomena, it's a win. MICHAEL ZEILER: It's as if you're on the surface of an alien planet because the sky is unlike anything you've ever seen.
Sharif is now holding rallies across Punjab, where the city of Lahore - the Sharif family's home town - is the provincial capital. This, thus had made it impossible for his motorcade to move. "I am going home and I do not want you to get me restored".
Scaramucci called Lizza last month and insulted White House aides using vulgar language during the phone interview. So, the comedian made a decision to sign a parody of the Queen classic with the words: 'Momma, I just got canned.
Chief Minister informed that the merger plan has been given by TTV Dhinakaran who is the party's Deputy General Secretary. Reacting to the resolution that may well end his stint as deputy general secretary, Dhinakaran termed the move "invalid".
Video captures auto falling from 7th floor of parking garage
The incident marked the second time in less than a year that a auto broke through the barriers of the same parking garage. A lucky SUV driver in Texas narrowly escaped being crushed by a BMW that plummeted seven stories off a parking garage.
Decisions ahead for Force rugby players
At a press conference in Sydney tonight, Pulver confirmed he will leave his role as soon as a replacement can be found. Former Force players and fans have been out in force on social media, slamming the ARU's decision to cut the Force.
Facebook Watch Is Looking To Launch New Types Of Shows
The new Facebook Watch platform, on the other hand, aims to provide users with original content that's not found elsewhere. Facebook has made a declaration that it will indeed be funding the shows that will be appearing on its services.