giftedviz.com
giftedviz.com May 22, 2018


Wall Street set to open lower on simmering North Korea tensions

13 August 2017, 03:19 | Austin Hogan

Apart from geopolitical worries, some technical analysts like Tom McClellan, editor of the McClellan Market Report, blamed seasonality for this week's retreat given August's record as a weak month for stocks.

US stocks closed slightly lower Wednesday, making up much of the ground they lost earlier following a rare batch of earnings disappointments by Walt Disney and other big companies.

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 dollar index .DXY , which measures the USA currency against a basket of other major currencies, fell 0.14 percent.

Barrick Gold Corp rose 2.1 percent to C$21.7, while Goldcorp Inc rose 0.9 percent to C$16.29.

KOREA JITTERS: With President Donald Trump warning North Korea of "fire and fury", investors have become concerned that the war of words between Washington and Pyongyang could escalate.

His comments came in response to North Korea's threat to fire ballistic missiles toward the US territory of Guam, which is home to USA strategic bombers, a naval station and other strategic assets. Australia's S&P/ASX 200 edged down almost 0.1 per cent to 5,760.90, while South Korea's Kospi fell 0.5 per cent to 2,357.84. The dollar notched a two-month trough on the safe-haven Japanese yen and was last down 0.3 percent at 109.99. S&P futures fell 0.2 percent while Dow futures also lost 0.2 percent.

USA stocks tumble on North Korea worries
Stocks were trading lower on Thursday, Aug. 10, as the threat of conflict with North Korea continued to percolate. Priceline Group dropped 8 percent after issuing a profit forecast that was weaker than analysts were expecting.


India's elephant population decreases by 10% to 27312
As per the available population estimates, there are about 400,000 African elephants and 40,000 Asian elephants. Sukumar pointed out that elephants leave behind signs.


North Korea talk drags stocks lower; gold, yen rise
The dollar index (.DXY), which measures the USA currency against a basket of other major currencies, fell 0.14 percent. Crude oil prices tumbled on the back of the selloff on Wall Street and lingering concerns over global oversupply.


In an apparent response to Trump's tweet, a statement issued by North Korea's official KCNA news agency claimed the president is "driving the situation on the Korean peninsula to the brink of a nuclear war".

Safe havens benefited from the move away from stocks - gold rising again to around $1,290 an ounce after surging 1.3 percent Wednesday - but other risky assets such as oil and copper held their price. Shanghai Composite Index tumbled 1.6 percent to 3,208.54.

Commodity-related stocks are among the worst performers against the backdrop of heightened political uncertainty after Trump further ratcheted up the rhetoric.

The Labor Department said its consumer price index inched up by 0.1% in July after coming in unchanged in June.

J.C. Penney Co. (JCP) slumped 17% after it reported a wider-than-expected second-quarter loss (http://www.marketwatch.com/story/jc-penney-shares-sink-after-losses-exceed-expectations-2017-08-11). Chinese blue chips closed flat but Hong Kong's Hang Seng Index fell 0.4%. The yield on the 10-year Treasury note fell to 2.22 percent from 2.26 percent late Tuesday. The euro rose to $1.1812 from $1.1774.

Retailers Wal-Mart (WMT), Home Depot (HD), Target (TGT), Staples (SPLS), and Gap (GPS) are also among the companies due to report their quarterly results next week. Japan was closed on a public holiday.

Crude oil prices extended their slide as exports from key OPEC producers rose, despite news of lower crude shipments from Saudi Arabia. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index fell around 1.2% each to finish at 5,693.10 and 5,743.50, respectively.



Other News

Trending Now

Trump to take executive action into China's trade practices
Security Council decision to tighten economic sanctions on Pyongyang, Trump has kept up pressure on Beijing to do more. It wasn't immediately clear how China would react to the move.

Man Utd to deal in Oliveirense forward Bruno Amorim after successful trials
The 19-year-old has been on trial at United's Carrington training complex and has impressed enough to be offered a contract. Manchester United are on the verge of signing 19-year-old Portuguese winger Bruno Amorim from Portuguese side Oliveirense.

Wenger: Sanchez will miss Premier League opener
Wenger said Sanchez would be missed but admitted he would not have started the game against Leicester even if he was deemed fit to play.

Paul Merson: Arsenal would let Alexis Sanchez join PSG tomorrow
Mourinho confirmed yesterday that the club were in talks about re-signing the Swede for the second half of the new campaign. PSG had a wanted list at the start of the season with three names on it, Neymar, Alexis and Kylian Mbappe.

Charlottesville mayor urges protesters to 'go home' following violence
Our diversity, that mosaic tile of immigrants is what makes us so special, and we will not let anybody come here and destroy it. Marco Rubio , R-Fla., on Twitter. "@POTUS needs to speak out against the poisonous resurgence of white supremacy.

Iran parliament increases funds to missiles as a response to United States sanctions
The additional U.S. sanctions put in place last month directly target the missile programme and the IRGC. After Larijani announced the vote results, lawmakers shouted: "Death to America".

Pandya ton lifts India to 487 in 3rd Test
Speaking about the team, Virat mentioned that they didn't practice today, but are confident ebough to hit the field tomorrow. Giving them instructions were chief selector Sanath Jayasuriya and senior members of the Sri Lankan team management.

Asian markets suffer bloodbath over escalating US, North Korea tensions
While gold, a safe-haven favorite, pared some gains, it was last up 1.2 percent, at around its highest since mid-June. Benchmark U.S. crude fell 97 cents United States , or 2%, to US$48.59 a barrel on the New York Mercantile Exchange.

Davinder Singh Kang becomes 1st Indian to qualify for javelin throw finals
With an impressive throw of 84.22m he had cleared the automatic qualification by finishing fifth among 16 competitors in his group and seventh overall.

Guam 'well-equipped' to handle North Korean threat: governor
Guam's Governor has described the North Korean statements revealing the regime's potential moves as a " position of fear ". Trump tweeted: "Military solutions are now fully in place, locked and loaded, should North Korea act unwisely".