Political tensions continue to weigh on world stocks

Political tensions continue to weigh on world stocks

A weaker opening on Wall Street further added to the downward pressure in Europe. Shares of Manulife, which reported better-than-expected results, fell after the company played down talk of a John Hancock spin-off.

The yen gained against the dollar and other peers on Wednesday on the latest bout of geopolitical tensions stemming from the Korean Peninsula.

NASDAQ measures a number of indices reflecting the reaction of USA's high tech markets and business environments on the country's political and economic developments which have an impact on high tech markets.

The ongoing war of words between US President Donald Trump and North Korea's Kim Jong Un, and their subsequent ratcheting up nuclear tensions, triggered a surge in the price of gold on Thursday (10 August), as safe-haven seeking investors flocked to buy the yellow metal. While the German DAX Index closed just below the unchanged line, the U.K.'s FTSE 100 Index and the French CAC 40 Index both tumbled by 1.1 percent.

Excluding food and energy prices, core consumer prices still crept up by 0.1 percent in July, matching the increases seen in the three previous months.

Nevertheless, the geopolitical uncertainty looks set to continue, dealers said, following Trump's fresh warning Thursday that his earlier threat to unleash "fire and fury" on the reclusive nuclear-armed state may not have been "tough enough".

Iran defies U.S. with increased budget for missile programme
A total of 240 lawmakers voted for the bill, out of the 244 parliamentarians present. Sanctions against Iran is mainly in response to Tehran's growing missile programme.

The sabre-rattling - sparked when President Donald Trump stunned the world with an apocalyptic warning to unleash "fire and fury" on North Korea - continued Thursday as Pyongyang mocked the United States leader as "bereft of reason".

A spokesman for the Korean People's Army said in a statement on Wednesday it was "carefully examining" plans for a missile attack on the U.S. Pacific territory of Guam, which has a large U.S. military base. Netflix also fell, giving up $4.57, or 2.6 percent, to $173.79.

At 10:57 a.m. ET (1457 GMT), the Dow Jones Industrial Average was up 54.38 points, or 0.25 percent, at 21,898.39, the S&P 500 was up 8.69 points, or 0.35 percent, at 2,446.90.

On Friday, the S&P 500 rose 3.11 points, or 0.1 percent, to 2,441.32. The low rates have been in recent years one of the fuels of the stock market. On the Nasdaq, 1,787 issues fell and 564 advanced.

In Asia, the Nikkei was flat, while Hong Kong's Hang Seng fell 1.8 per cent and the Shanghai Composite finished 1.6 per cent lower. Japan was closed on a public holiday.

According to analyst Simona Gambarini, the price of gold "tends to rise in anticipation of a conflict but often falls when tensions turn into a full-blown war". Shares of J.C. Penney dropped 78 cents, or 17%, to $3.93 Friday after the department store's second-quarter loss exceeded expectations. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 2.9 basis points to 2.212%. Australia's S&P/ASX 200 dropped 1.2 percent to 5,693.10.

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