Business

Wall Street higher but on track for deep weekly losses

Wall Street higher but on track for deep weekly losses

On Thursday, the three major USA indexes logged their worst performances since mid-May (http://www.marketwatch.com/story/us-stocks-set-up-for-another-day-of-losses-as-north-korean-tensions-simmer-2017-08-10) in a session dogged by geopolitical concerns.

The yield on the 10-year Treasury bond fell to 2.2% and is approaching its lowest level of the year.

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.

MARKETS OVERSEAS: In Europe, Germany's DAX was down 1 percent, while France's CAC 40 fell 1.4 percent.

The biggest fallers were Standard Life down 16p to 410.8p, Rio Tinto down 109.5p to 3,370p, Old Mutual down 6.2p to 195.3p, Anglo American down 39p to 1,238.5p.

Tensions between Washington and Pyongyang added to pressure from lower oil prices.

Positive sentiment was also generated by a report from the Labor Department showing just a modest uptick in consumer prices in the month of July.

The rouble was little changed at 60.1 against the dollar and firmed 0.05 percent to 70.7 versus the euro.

More news: Chinese FM: China Will Implement UN Sanction Despite Hefty Price
More news: Liverpool deny reports of Philippe Coutinho transfer request
More news: Arsene Wenger challenges Alexandre Lacazette to replicate scoring form in Premier League

The CBOE Volatility Index .VIX , a barometer of expected near-term stock market volatility, closed at its highest since the USA presidential election on Thursday, but was down 1.22 points at 14.82 points on Friday. Nasdaq-100 futures slid 23 points, or 0.4%, to 5,895. Stocks in Taiwan, Singapore and other Southeast Asian countries were also lower.

"European shares are. continuing their slide on the back of ever more increasing tensions between North Korea and the USA", added analyst Markus Huber at City of London Markets. Hours later, North Korea said it was considering launching missiles at Guam.

In oil, the price of Brent crude sunk by 0.5% to 51.65 USA dollars a barrel amid concerns about over supply in the market.

"Whenever dealers hear the word "war" they usually run for the hills, and that is exactly what we have seen today".

Barrick Gold Corp rose 2.3 per cent to C$21.74 as the price of gold, a safe-haven asset, reached its highest levels in two months.

Heading into Thursday, some 89 percent of the companies in the S&P 500 had reported quarterly results.

The last time the S&P closed down more than 1 per cent was May 17 when it fell 1.8 per cent. Rival Advanced Micro Devices was also down 2.6 percent.

The FTSE 100 firm announced in March previous year that it would run its US-based asset management operation, its UK-based wealth unit, an emerging markets division and Nedbank in South Africa as separate businesses. Earlier in Asia, Japan's benchmark Nikkei 225 slipped less than 0.1 percent, while Hong Kong's Hang Seng slid 1.1 percent.


  • Moussa Sissoko Plays - Tottenham Hotspur Team vs Newcastle United Confirmed

    Moussa Sissoko Plays - Tottenham Hotspur Team vs Newcastle United Confirmed

    The England global is yet to score a Premier League goal in the month of August since his Spurs debut. Rafa Benitez brought on Jamaal Lascelles and Chancel Mbemba as replacements for the two defenders.

    Alexandre Lacazette can make Alexis Sanchez disappear

    The Premier League finally returned to our screens this evening with Arsenal playing host to Leicester in the season opener. We were quite good a year ago on corners and overall I believe that with a bit of work we can get that out of the system.
    Why white nationalists are misappropriating Red Wings logo

    Why white nationalists are misappropriating Red Wings logo

    This specific use is directly contrary to the value of inclusiveness that our League prioritizes and champions. Their responses may include pursuing legal action regarding "the disturbing demonstration".
  • Trump Speaks to Guam Governor About... Tourism?

    Trump Speaks to Guam Governor About... Tourism?

    We're with you 1,000 percent. "It looks attractive , you know I'm watching - it's such a big story in the news". Calvo said earlier this week that "there is no change in the threat level resulting from North Korea events".
    Dolphins QB Ryan Tannehill To Undergo Season-Ending ACL Surgery

    Dolphins QB Ryan Tannehill To Undergo Season-Ending ACL Surgery

    The decision to opt for surgery came after Tannehill discussed his options with head coach Adam Gase on Friday. He's trying to do everything he can to help Jay (Cutler ) out and Matt (Moore) has done a great job.
    Democrats' bus tour targets GOP over health care

    Democrats' bus tour targets GOP over health care

    Trump has suggested steps like halting subsidies to insurers who reduce out-of-pockets health costs for millions of consumers. While around 6 in 10 overall say Trump should not use such disruptive tactics, a majority of Republicans back that approach.
  • Summer Edition' as Anthony Scaramucci last night

    Summer Edition' as Anthony Scaramucci last night

    NBC's string of Thursday editions of Saturday Night Live's Weekend Update got off to a competitive start last night. Halfway through the broadcast, Eric ( Alex Moffat ) and Donald Trump Jr .
    There's more to Guam than USA  military bases, residents say

    There's more to Guam than USA military bases, residents say

    But it wasn't known until now that the contacts have continued, or that they have broached matters other than USA detainees. It did so to compensate for US forces diverted from other bases in the Asia-Pacific region to fight in the Middle East.
    Hong Kong enhances checks on eggs from Europe

    Hong Kong enhances checks on eggs from Europe

    The tested samples showing unsafe levels of Fipronil are sold under the product name Cheer Fresh Dutch Brown Eggs . Ministers and regulators are gathering on September 26 to discuss ways to prevent similar scandals in the future.
  • State Department expected to address latest North Korea threats in news briefing

    There are about 29,000 American troops permanently stationed in South Korea. Armed Forces, decide to order an attack, NBC News reported.
    White House Gets a Face-Lift While Trump's Out of Town

    White House Gets a Face-Lift While Trump's Out of Town

    The renovation will not only be structural, but cosmetic as well, with plans to change some West Wing's walls and carpets. Other recurring problems include leaks in the ceiling and a chronic house fly infestation, according to CNN.
    World's oldest man, Holocaust survivor, dies aged 113

    World's oldest man, Holocaust survivor, dies aged 113

    Last year Yisrael, an observant Jew, hit the headlines after deciding to celebrate his Bar Mitzvah a century late. The son of a religious scholar, Mr Kristal lost his mother and father during World War One, according to reports.