Economy

Investors move to safe havens as USA and North Korea trade threats

Investors move to safe havens as USA and North Korea trade threats

The spot gold price was up 0.7 per cent at $1,286.07 per ounce by 1400 GMT, after hitting an earlier high of $1,286.40, its highest level since June 8. In Japan, the Nikkei closed in the red ahead of Friday's national holiday, dropping 0.1%. This is a share for investors looking for capital growth and willing to accept a higher level of risk.

-North Korea tensions and the weak data that further reduced expectations of a Fed rate hike in December.

The jitters came as Pyongyang said it was considering plans to attack the US Pacific territory of Guam - while Donald Trump threatened to react with "fire and fury". Pyongyang said it was examining plans for attacking Guam, a US territory in the Pacific with a military base.

The Standard & Poor's 500 index fell 35 points, or 1.4 percent, to 2,438, its biggest drop since mid-May. The Korean won fell against the US dollar.

Wall Street put a floor under global equities on Friday after a weak inflation reading brought investors back into US stocks even as tensions between the United States and North Korea continued to escalate, though the geopolitical fears still drove safe-haven buying of gold and the yen.

The Final Showdown for Bolt: 4X100m Relay This Saturday
Since he first ran the blue riband shorter event in 2007, he has run 54 100m races, excluding heats, and won all but six. It's too bad that, far from being the fun and lovable guy Bolt always was, Lewis was always an arrogant and surly jerk.

"It's unbelievable when you consider the headlines just how calm the equity markets are, how they've taken things in their stride", said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.

The Hang Seng Index in Hong Kong lost 0.7 perc ent and China's Shanghai Composite Index was down 0.2 per cent.

"Subdued participation this year and lean positioning suggests that market participants would have to play catch-up on a break higher", she said in a note.

The smaller than expected increase in consumer prices has led to optimism that the Federal Reserve will not be in a hurry to raise interest rates.

"When investors are optimistic to the extreme, it means that most of their money is already in the market and there's no more money coming in", Bruce Bittles, chief investment strategist at Robert W. Baird & Co in Sarasota, Florida.

Up to 50 migrants 'deliberately drowned' off Yemen, UN says
Yemen is now going through a conflict and humanitarian crisis but the migrants go there to try to reach Europe or the Gulf states. An IOM spokesperson in Yemen told AFP the majority of the Ethiopian migrants appeared to be teenagers and young adults.

If the North Korean regime "does anything" to the U.S. or a United States ally "things will happen to them like they never thought possible", he told reporters on Thursday, according to Bloomberg.

CURRENCIES: The dollar slipped to 109.98 yen from 110.06 late Wednesday in Asia.

Emerging market stocks lost 1.20 percent.

In Europe, the Stoxx 600 Index fell 1%.

It was not only the threat of conflict with nuclear-ambitious North Korea.

Conte saw 'two faces' of Chelsea in shock defeat
Antonio Conte said he saw two different sides of his Chelsea team in their 3-2 defeat by Burnley . I don't like this type of thing, about wanting to send a message?

US crude (CLc1) was unchanged at $48.59 per barrel and Brent (LCOc1) was last at $51.84, down 1.63 percent on the day. On commodities markets, oil advanced with USA crude nearing $50 a barrel after figures from industry group the American Petroleum Institute showed a sharp decrease in stockpiles, a clear indication of the easing supply glut.


  • Average Brokerage Rating Of Editas Medicine, Inc. (EDIT), Global Payments Inc. (GPN)

    Their average price target spell out an upbeat performance - a 87% and would give EDIT a market capitalization of almost $1.47B. Fox Run Management L.L.C. purchased a new stake in shares of Editas Medicine during the first quarter valued at about $272,000.
    No Excuses for Jared Goff after Sammy Watkins Trade

    No Excuses for Jared Goff after Sammy Watkins Trade

    While the National Football League preseason has just started, it looks like the Buffalo Bills are making some moves. The Bills have to hope a team that already has a QB stumbles on some bad luck, and ends up with a top five pick.
    Trump to Announce China Trade Practices Investigation

    Trump to Announce China Trade Practices Investigation

    The American companies "should not be forced or coerced to turn over the fruits of their labor", one official said. Though widely used worldwide, the WTO process is viewed unfavorably by the Trump administration.
  • Regal Entertainment Group (NYSE:RGC) Hits New 1-Year Low at $18.22

    The stock of Regal Entertainment Group (NYSE:RGC) has "Outperform" rating given on Wednesday, June 15 by RBC Capital Markets. Additionally the company declared a dividend for shareholders that will be paid on Friday the 15th of September 2017.
    Gunfight rages in Shopian village

    Gunfight rages in Shopian village

    The exchange of began after security forces launched a cordon and search operation in Awneera village after they suspected of terrorist activity.
    Korea, US Promise Collaboration against N. Korea

    Korea, US Promise Collaboration against N. Korea

    The remarks, following North Korea's earlier revelation of a plan to launch a salvo of ballistic missiles toward the U.S. In the morning hours, the benchmark was on the path to suffer its biggest percentage decline in almost two weeks.
  • Guardiola forecasts end to Man City spending spree

    Guardiola forecasts end to Man City spending spree

    But how quickly they can gel into an effective Premier League unit will be one of the biggest tests facing Hughton's side. People say in first press conference we are favourites.
    Man Utd midfielder Matic: Good knowing Lukaku off the mark

    Man Utd midfielder Matic: Good knowing Lukaku off the mark

    Despite that miss potentially denying United a chance at taking the Champions League winners the distance, Mournho was happy with his new number nine. "Pogba teased us past year .
    AMC Entertainment Holdings, Inc. (NYSE:AMC) Stock Rating Reaffirmed by Citigroup Inc

    AMC Entertainment Holdings, Inc. (NYSE:AMC) Stock Rating Reaffirmed by Citigroup Inc

    As of quarter end Parametric Portfolio Associates LLC had bought a total of 151,672 shares growing its holdings by 154.3%. Following the transaction, the senior vice president now owns 40,705 shares in the company, valued at $957,381.60.
  • Stocks slide on continued concern over tension between USA  and North Korea

    Stocks slide on continued concern over tension between USA and North Korea

    Japan is the world's biggest creditor country and there is an assumption that investors there will repatriate funds in a crisis. The Swiss franc , by contrast, was on track for its biggest single-day rise against the euro in more than 2 1/2 years.
    Ellison: Kim Jong-Un Is 'Acting More Responsibly' Than Trump

    Ellison: Kim Jong-Un Is 'Acting More Responsibly' Than Trump

    So, if you don't want to get caught deer in the headlights, start calling for diplomacy in North Korea immediately."-More". However, immediately follow his speech at the Netroots Nation conference, Ellison dialed back his remarks.
    Coloradans with family in Guam anxious  about North Korea threats

    Coloradans with family in Guam anxious about North Korea threats

    Both Japan and the United States have ships equipped with SM-3 missiles designed for ballistic missile defense. You can find out why the RS line is important and see other top stocks with rising RS lines here.