US Stock Futures Pull Back On Rising North Korea Tensions
14 August, 2017, 01:40 | Author: Franklin Nunez
US stock indexes were set to open little changed on Friday, with the S&P 500 on track to post its biggest weekly loss in nine months, as investors remained cautious on heightened tensions between the United States and North Korea.
The Labor Department said its consumer price index inched up by 0.1 percent in July after coming in unchanged in June.
"What has changed this time is that the scary threats and war of words between the USA and North Korea have intensified to the point that markets can't ignore it", said Shane Oliver, head of investment strategy at AMP Capital in Sydney, as quoted by Reuters.
MARKETS OVERSEAS: Major indexes in Europe slumped. But for the week the S&P 500 lost 1.3 percent, its worst weekly showing since March. The Nasdaq composite lost 99 points, or 1.6 percent, to 6,252.
Bryce Harper Out Indefinitely, Suffers No Knee Damage
From Rotoworld: Stratton allowed three runs - two earned - over five innings Saturday in a no-decision versus the Diamondbacks. When Harper left the stadium, he was walking on his own power in the Nationals' clubhouse around 1:45 a.m.
Traders saw the chance of a rate hike in December fall to 40 percent from 42 percent shortly before the release of the data, according to Federal funds futures.
"They will be met with fire and the fury like the world has never seen".
"Of course it's all come at a time when share markets are due for a correction, so North Korea has provided a flawless trigger", he added.
The Nasdaq Composite was down 37.30 points, or 0.59%, at 6 315.03.
Smugglers throw migrants in Yemen Sea, 5 die, 50 missing
According to survivors' testimonies, the smuggler pushed them to the sea after he saw men he perceived as "authority types". As per reports, more than 111,000 migrants arrived on the shores of Yemen previous year and in 2015 the figure was 100,000.
ASIA'S DAY: Earlier, Asia bore the brunt of the mounting geopolitical uncertainty, with South Korea's Kospi index closing down 1.7 percent at 2,319.71 and Hong Kong's Hang Seng ending 2 percent lower at 26,883.51. The yield on the 10-year Treasury note slipped to 2.21 percent from 2.25 percent late Wednesday.
The drop by Disney came after the company reported fiscal third quarter earnings that came in above estimates but on weaker than expected revenues. North Korea responded with threats to launch missiles into the Pacific Ocean near Guam, a USA territory.
Charter Communications rose 2.9 percent on news Altice is exploring a bid for the cable giant. Brent crude, used to price worldwide oils, gave up 29 cents to $51.85 in London. Brent crude, used to price worldwide oils, slid 52 cents, or 1 percent, to $52.18.
Travel website operator Priceline fell 7.26 per cent, weighing the most on the S&P and the Nasdaq, following a disappointing forecast. Silver gained 47 cents, or 2.9 percent, to $16.86 an ounce.
Scaramucci to guest on Colbert's 'Late Show' next week
Colbert said he plans to ask Scaramucci what it's like inside the Trump White House and "how loyal he feels the president is now". Stephen Colbert could not be more excited for The Mooch to appear on " The Late Show " Monday night.
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. The September copper contract was down two cents to US$2.91 a pound. The euro edged down to $1.1726 from $1.1751. They suggest the USA and China, a North Korean ally, could work together to de-escalate the situation.
He was certainly badly concussed. "They were ringing us, anxious about him stumbling out of the vehicle , incoherent". Floyd Mayweather has stated that going the distance with Conor McGregor will be considered a victory by the UFC star.
I heard the same thing in Bengaluru, I have heard from other parts of the country, I hear more about it in north India. Following the ceremonial reception Naidu will take over as the speaker of the Rajya Sabha in the Parliament.
In Consumer Reports' lab testing, the Surface series regularly earned high marks thanks to its performance and specifications. Issues reported with Surface devices included freezing, unexpected shut downs, issues with their touchscreens, and more.
On the Russian territory, a joint mission under the Open Skies Treaty was conducted jointly by the United Kingdom and Norway. The plane then appeared over Dayton, Ohio near Wright-Patterson Air Base, and back over Washington , D.C. and Philadelphia.
Instead of being the final major of the year, the PGA Championship will become the second of the season, after the April Masters. The ball bounced back onto the fairway, causing some to wonder if it hit a piece of camera equipment instead.
The footage shows the huge explosion in Ryhope, Sunderland , as pieces of the house are sent flying through the air. Supt Steve Hartley, from Northumbria Police, said: "Thankfully she was OK and taken to a local hospital".
North Korea had responded to Trump's previous promise to unleash " fire and fury " with a threat to land missiles near the U.S. Crude futures extended losses on fears of slowing demand and lingering concerns over a global oversupply.
A giant inflatable chicken with a very familiar hairstyle has been placed in a park within eyeshot of the White House . The chicken reportedly cost Brar $1,300, was designed by Casey Latiolai, a Seattle artist, and was produced in China.
South Africa's parliament has convened to vote on a no-confidence motion against South African President Jacob Zuma . The African National Congress has 249 seats in the 400-seat parliament and the opposition controls 151 seats.
Wayne Rooney: It does not get much better than this
Hopefully, now I can start to repay them with good performances and goals as we all strive to take the club to the next level. I think Everton will win this game. "We brought some players in but we would like to bring some more in".
BMW plunges 7 floors from downtown parking garage
Bowmer, who could not be reached by The Post, is looking to take legal action, though no suit has been filed yet, the paper said. Newly-released video shows the moment a vehicle plummeted from the seventh floor of a parking garage and landed upside down.
Snap is plunging after missing on earnings (SNAP)
Now, Snapchat has a third breakthrough filter: a dancing hotdog, that has gyrated virtually on people's screens around the world. Nowak said Snapchat is also facing tougher competition from Facebook-owned Instagram, which has been offering similar services.
700000 insecticide-tainted eggs imported to UK: Government
While some European countries' eggs containing Fipronil residues have been sold as fresh eggs, this is not the case in the UK. The French government says a Belgian company - which it did not identify - mixed fipronil with another, lawful, substance.