Shares hit by US-North Korea tensions

Shares hit by US-North Korea tensions

In Europe, Germany's DAX fell 1.1 percent, while France's CAC 40 slid 1.4 percent.

Sterling was last trading at US$1.3007, up 0.25 per cent on the day. Seagate Technology was up 2.2 percent.

The dollar skidded to an eight-week low against the yen as escalating tensions between the United States and North Korea triggered yet more investor flight to safety.

"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 euro slid 0.3 percent to 129.34 yen, and fell 0.1 percent against the dollar to $1.1743.

On Friday, the S&P 500 rose 3.11 points, or 0.1 percent, to 2,441.32.

At 3:15pm BST, the Comex gold futures contract for December delivery was up 1.09% or $13.90 to $1,293.20 an ounce, as the precious metal extended overnight gains, of almost 2% stateside, with yet another rally in Asia and Europe.

With Japanese markets closed for a public holiday, Hong Kong led the downward charge in Asia-Pacific as the Hang Seng lost more than two percent.

Russian Foreign Minister Sergey Lavrov warned on Friday that a war between the USA and North Korea would be disastrous, and said his country was proposing - in conjunction with China - a path to a peaceful resolution of the nuclear standoff.

Arsenal offer Alexis Sanchez new £300000-a-week contract
When asked if Arsenal have received bids for Sanchez, Wenger replied: "I can not tell you that". The current contract Sanchez with Arsenal expires in the summer of 2018.

"While the U.S. President insists on ramping up the war of words, there is a decreasing chance of any diplomatic solution", Carnell said.

A statement from the North Korean military called President Donald Trump's warning that the communist nation would face "fire and fury" if it continued its provocations a "load of nonsense". It is not just North Korea that has the potential to surprise investors. The humanitarian crisis and economic reconstruction of the Korean peninsula after such a nuclear conflict would require large-scale global cooperation led by China, the US and European Union, and would likely take over a decade to rebuild the economy.

The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, rose almost 11 percent to break above 12. The UK trading session took USD/CHF lower to hit a day low of 0.9630 towards the closing bell, but closed up slightly on the day by 0.03%. The settlement was the highest for a most-active contract since June 6.

US Treasury long-dated yields dropped to six-week lows, pressured by US-North Korea tensions and the weak data that further reduced expectations of an interest rate hike in December.

The dollar widened losses against the yen to hit a two-month low.

But "the yen may be expected to lose its safe haven status if U.S". The FTSE 100 index of leading British shares was 0.6 percent lower.

Disappointing U.S. inflation and jobs data have not helped the dollar. Odds of a Fed rate rise during the December meeting now stand at around 40% according to the CME Group's 30-day Fed Fund futures prices.

Silver gained 47 cents, or 2.9 percent, to $16.86 an ounce.

Crude futures extended losses on fears of slowing demand and lingering concerns over a global oversupply. Palladium added 0.4% to $899.80 per ounce and was on track to end the week about 2% higher. Eastern time. The Dow Jones industrial average added 20 points, or 0.1 percent, to 21,865.

Related Articles

  • Iran defies U.S.  with increased budget for missile programme

    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.
    Palace: Contingency plans ready in case of attack on Guam

    Palace: Contingency plans ready in case of attack on Guam

    After issuing a warning like they did on Tuesday, if the United States spotted North Korea preparing a launch, it might intervene. Pyongyang stepped up its bellicose rhetoric this week, threatening to target waters off Guam with intermediate range missiles.
    Usher Allegedly Did Sleep With Accuser

    Usher Allegedly Did Sleep With Accuser

    The employee said she asked Usher for a picture and he promised to return and pose with her, but never did. Sharpton said she was picked from the crowd at an Usher concert two years ago in Atlantic City, N.J.
  • Two troopers dead after Virginia State Police helicopter crashes near Charlottesville

    Two troopers dead after Virginia State Police helicopter crashes near Charlottesville

    Lee, and were met by counter-protesters, leading to violence that began Friday night and continued into Saturday. One person was killed and at least two dozen were hurt.
    Public Libraries Giving Away Solar Eclipse Glasses

    Public Libraries Giving Away Solar Eclipse Glasses

    The intense solar rays coming through these devices will damage the solar filter and your eyes. Viewers who purchase the glasses not knowing they are fake could be in for serious trouble.

    Wendell David Associates Inc. Reduces Position in Hewlett Packard Enterprise Company (HPE)

    Wagner Bowman Management Corp increased its position in shares of Hewlett Packard Enterprise by 12.5% in the first quarter. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website .
  • Nigeria's Buhari

    Nigeria's Buhari "feels ready to go home", awaiting doctor's OK

    Buhari also "lauded Nigerian television stations and the media generally", for helping him keep tabs on happenings in the country. President Buhari has spent more time since the beginning of 2017 in Britain than in Nigeria.
    Nuclear nerves wipe $1 trillion off world stocks

    Nuclear nerves wipe $1 trillion off world stocks

    Crude futures, meanwhile, extended losses on fears of slowing demand and lingering concerns over global oversupply. The Russell 2000 index of smaller-company stocks gave up 19 points, or 1.4 percent, to 1,377.
    Taylor's groping case: Judge ruled out the former DJ

    Taylor's groping case: Judge ruled out the former DJ

    During the trial Swift told jurors that Mueller deliberately groped her bottom during a fan meet-and-greet session. Mueller sued Swift after her team reported the alleged assault to his bosses at a country music station.
  • Gold steady near 2-month highs on N. Korea tensions

    Gold steady near 2-month highs on N. Korea tensions

    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%. Penney (JCP) is also among the companies due to report their results before the start of trading on Friday.
    Federer storms into semis, but Anderson goes down in Montreal

    Federer storms into semis, but Anderson goes down in Montreal

    Holland's world No.52 Haase fought back after losing the first set against Argentina's Diego Schwartzman to win 4-6 6-3 6-3. Just to get back to number one once again in your career is a big deal, especially later in your life.
    What's Next For Jaime Lannister - Death Or Worse?

    What's Next For Jaime Lannister - Death Or Worse?

    Of course , as has happened frequently this season , the battle wasn't without at least one win for the Lannisters. The worst villians in soap and TV from EastEnders' Janine Butcher and Cersi Lannister from Game of Thrones .