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.
Paramedics arrived on scene shortly afterwards and were able to save the officer's life despite the serious nature of his wounds. The story began on New Year's Day in 2016 when Smith was dispatched to an attempted robbery at a convenience store.
The call was from a woman who said her 29-year-old mentally deranged son was in their residence in Brooklyn with her. Police say a New York City officer was shot and wounded in Brooklyn by a gunman who later committed suicide.
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".
Montalto also predicted Dlamini-Zuma would win the race to replace Zuma but after a "close and very hard fought" election. Demonstrations both for and against Zuma are planned in front of the parliament building before the much-anticipated vote.
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.
Several companies are working on autonomous driving technology specifically for long-haul trucks, in Silicon Valley and elsewhere. Tesla is expected to launch an electric semi-truck at an event in late September with shipments to be within two years.
Therefore, in the meantime we ask the media for privacy as he reconnects with his loved ones and receives medical attention. KCNA said Lim had been released on "sick bail" by the country's Central Court for humanitarian reasons.
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.
A giant inflatable chicken with perfectly coiffed, blond hair was set up right outside of the White House on Wednesday. The inflatable chicken seems to be modeled after a 23-foot statue outside a mall in the Chinese city of Taiyuan.
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".
Mo Farah loses out on Gold in final major track race
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.
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.
Chicago Bears training camp: Quarterback position battle
Trubisky replaced Sanchez with 1:55 left in the first half, engineering a 6-play, 50-yard touchdown drive in two-minute mode. Despite this, Bears head coach John Fox noted Thursday night that the team's quarterback depth chart will remain unchanged.
Microsoft Surface devices fail on reliability
My own personal preference stands with purchasing Surface product only if you need the extra battery life and portability factor. In total, the company surveyed 90,000 tablet and laptop owners, but it's unclear how many of them were Surface holders.
MA babysitters charged for putting baby in fridge
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Engineer behind controversial manifesto is out at Google
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