North Korea Has Markets Nervous But Not Panicked

FTSE 100 preview Geopolitical worries to pressure index

Basically if the streak of trading days without a 1%+ up or down day is going to be broken, it's better for it to break with a 1%+ down day than a 1%+ up day.

Despite the past week's decline, the major indexes are in positive territory so far this year, led by the Nasdaq, which is up 16.2 percent.

On Friday, stocks recovered slightly, with the S&P 500 and Dow Jones Industrial Average up 0.2%. Over the next three months, the average gain has been good but not great - +1.15%. The Dow slumped by 1.1%, while the Nasdaq and the S&P 500 tumbled by 1.5% and 1.4%, respectively.

Even so, Wall Street remains near record highs.

Economists had forecast the CPI rising 0.2% in July and climbing 1.8% year-on-year.

The euro fell a quarter-of-a-percent against the dollar to trade at $1.1728 as European markets opened.

Trump suggested in remarks on Thursday that his comments threatening North Korea with "fire and fury" may not have been tough enough. At the same time, North Korea dismissed threats by President Trump as a lot of "nonsense".

On Friday, the president appeared to double down on his earlier threat, warning on Twitter that military solutions are in place and "locked and loaded". "Hopefully Kim Jong Un will find another path!"

"It looks like it was used as a good excuse to adjust positions", he said, referring to the latest flare-up of tensions between the United States and North Korea. Earlier in Asia, Japan's benchmark Nikkei 225 slipped less than 0.1 per cent, while Hong Kong's Hang Seng slid 1.1 per cent. The index bounced off its lowest closing level in six months.

South Carolina Senator Lindsey Graham speaks about North Korea
What do you say to your critics who say that your rhetoric is actually raising the tension? "I think he's there minimally", Mr. One former Republican senator is calling on Congress to use the 25th Amendment to remove President Donald Trump from office.

Eagles Trade Jordan Matthews, Draft Pick to Bills for CB Ronald Darby
The Birds will hope to get that kind of production now from Nelson Agholor , who will likely take over Matthews' role in the slot. He intercepted two passes as a rookie with the Bills and started 14 games in 2016, logging 69 tackles and deflecting 12 passes.

Fruitcake Survives 100 Years In Freezing Antarctica
"Although the tin was in poor condition, the cake itself looked and smelt (almost) edible", Antarctic Heritage Trust writes . The polar pioneer was said to be fond of this particular cake, made by the British biscuit company Huntley & Palmers.

Seagate Technology gained 2.3 percent after investor ValueAct disclosed that it had acquired a 7.2 percent stake in the company.

USA stocks were on track for their biggest weekly loss in months, shaken by disappointing earnings results and an escalation of threats between the US and North Korea. Autodesk (ADSK) and Red Hat (RHT) posted notable gains.

South Korea's KOSPI .KS11 fell 1.7 percent on Friday to its lowest since May 24, but its losses for the week were a relatively modest 3.2 percent.

In Singapore, the stock market is closed for a public holiday to celebrate the country's National Day. Germany's DAX fell 1.1 per cent, while the CAC 40 in France lost 0.6 per cent. Britain's FTSE 100 sank 1.4 per cent.

In bond markets, the yield on US Treasuries fell, also pressured by the lowered expectations for a Fed move. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, dipped by 2.3 basis points to 2.189%.

"Of course it's all come at a time when share markets are due for a correction so North Korea has provided a ideal trigger".

The Federal Reserve is also scheduled to release the minutes of its latest monetary policy meeting, which may shed some light on the outlook for the interest rates.

RETAIL SLUMP: Disappointing quarterly results from big department store chains put investors in a selling mood.

Related news:

Hot News

isis-killer-beheading-video-story-top Joe Flacco to return to practice but not play in preseason games
Aug 12, 2017 - 06:13
The Ravens expect Flacco to be healthy for the start of the regular season, so Mallett will likely open the season as the backup. The Ravens released a statement saying, "The team now has a more definitive timeframe for QB Joe Flacco's return.

isis-killer-beheading-video-story-top NBC will feature SNL "Weekend Update, Summer Edition"
Aug 12, 2017 - 06:03
As for other comparisons, Weekend Update blew every other of the summer's few comedy offerings out of the water. Thank goodness we have more SNL to help us through it all.

isis-killer-beheading-video-story-top Ibrahimovic in talks to pen new Manchester United deal
Aug 12, 2017 - 06:02
United finished sixth in the Premier League and weren't much of a threat domestically. He needs time to recover", United manager Jose Mourinho said on Friday.

isis-killer-beheading-video-story-top DeShone Kizer's performance is highlight in Browns' preseason-opening win
Aug 12, 2017 - 05:54
Second round pick DeShone Kizer tossed a 45-yard touchdown pass to Jordan Payton with 1:52 remaining in the fourth quarter. The defense had several impressive plays, including a fumble recovery and several sacks on the Saints quarterbacks.

isis-killer-beheading-video-story-top Strong 6.3 quake rocks Philippines
Aug 12, 2017 - 05:41
Phivolcs Director Renato Solidum said the quake was felt at intensity III in Metro Manila. No tsunami warning was issued by the Philippine Institute of Volcanology and Seismology.

isis-killer-beheading-video-story-top Hackers leak Game Of Thrones season 7 episode 5 plot details
Aug 12, 2017 - 04:50
According to a video sent to HBO , the hackers are holding the information, possibly including actual future episodes, for ransom. While the amount of data is almost seven times that of the 2014 Sony hack, the impact has so far been much less catastrophic.

isis-killer-beheading-video-story-top FDA: 5 deaths tied to weight-loss balloon treatments
Aug 12, 2017 - 04:38
A spokeswoman for Apollo said the reports were from around the world and did not necessarily involve USA patients. In the other death, there was an esophageal perforation with the ReShape Integrated Dual Balloon System .

isis-killer-beheading-video-story-top MI woman killed by a hippopotamus in Tanzania
Aug 12, 2017 - 04:28
Fox2 Detroit reports that Kirken was attacked by a hippo the same day she posted to Facebook about witnessing a massive migration. An official obituary gave fewer details about the tragedy away, saying only that she died in her son's arms after an "accident".

isis-killer-beheading-video-story-top New mother who accidentally smothered baby sues Portland hospital for $8.6 mil
Aug 12, 2017 - 04:22
Now, she's suing Adventist Medical Center in Portland , Oregon , and the nurse for $8.6 million in compensation for the accident. Thompson says that an hour later, she was " still drowsy and groggy " and noticed that her son was unresponsive in her arms.

isis-killer-beheading-video-story-top Trump's White House Brings Chaos to Black Journalists Conference
Aug 12, 2017 - 04:21
At the White House, she told the audience, she brings people to the table to have influence on policy discussions. When Omarosa eventually took the stage, the conversation immediately grew heated.

isis-killer-beheading-video-story-top Conte frustrated as Chelsea launches title defence in EPL
Aug 12, 2017 - 04:12
The winger went on to win the Premier League title under Antonio Conte , and featured in 41 games, scoring 12 goals for the Blues. Our fans really get behind us and they're going to step it up even more because they know we need them even more.

isis-killer-beheading-video-story-top Chelsea Manning Poses in Red Bathing Suit in 'Vogue'
Aug 12, 2017 - 04:05
She says she regrets not coming out earlier as transgender and that she was seeing a therapist at the age of 19. Beyond that, she tells Vogue that she might eventually run for office. "But the proper channels don't work".

isis-killer-beheading-video-story-top Ghana target Fosu-Mensah sheds light on Crystal Palace move
Aug 12, 2017 - 03:56
Fosu-Mensah made his Premier League debut against Arsenal in February 2016 and has featured 12 times in the top flight. He is awaiting the outcome of the appeal and if cleared, he will be allowed to make a switch to United.

isis-killer-beheading-video-story-top Canadian Diplomat In Havana Appears To Be Part Of Sonic Device Attack
Aug 12, 2017 - 03:43
Nauert did not say how many United States diplomats were affected nor confirmed they had suffered hearing loss. But ties were restored in 2015 by then USA president Barack Obama and his Cuban counterpart Raúl Castro.

isis-killer-beheading-video-story-top Islamic State is funding attacks, al-Qaida is resilient
Aug 12, 2017 - 03:12
It quoted a member state estimating the number of IS fighters in Libya at between 400 and 700. Those who have been disillusioned with the group and "terrorism as an ideology".