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Tensions over North Korea weigh on stocks but boost gold

Tensions over North Korea weigh on stocks but boost gold

Stock movers:Nordstrom Inc.(JWN) shares earlier rose after the retailer posted earnings that beat expectations (http://www.marketwatch.com/story/nordstrom-shares-rise-after-retailer-tops-views-sales-rise-2017-08-10) but the stock is trading mostly flat.

"There are four more (inflation) prints between now and the December FOMC meeting and we expect the Fed to remain data-dependent, if a touch more cautious", said TD Securities in a research note.

The modest rebound came at the end of a turbulent week on Wall Street as escalating tensions between the USA and North Korea rattled global markets.

On Thursday, the three major indexes logged their worst performances since mid-May (http://www.marketwatch.com/story/us-stocks-set-up-for-another-day-of-losses-as-north-korean-tensions-simmer-2017-08-10) in a session dogged by escalating tension between the USA and North Korea.

The S&P 500 has hadn't a single day move of more than 0.5 percent since mid-July and has fallen more than 1 percent only twice this year.

"There's not a great incentive to buy big", said Lerner of SunTrust Advisory.

Jose Mourinho on Manchester United talks with Zlatan Ibrahimovic
I'm not in a position to say I'm not happy. "I have conditions to deliver a better team than I did in the first season". But we have players and if we can not strengthen then we have people we trust'.

Korea's Samsung Electronics fell 2.8% Friday. The Dow Jones industrials average gained 14.31 points, or 0.1 percent, to 21,858.32. The stock lost 78 cents to $3.93.

The CBOE Volatility Index, a barometer of expected near-term stock market volatility, closed at its highest since the election. The euro rose to $1.1812 from $1.1774.

"Pretty remarkable, perhaps even extraordinary, considering", said Tim Ash, strategist at fund manager BlueBay.

A Reuters Datastream index of more than 7,000 stocks across the globe saw its market capitalisation drop from a record high US$61.36 trillion on Monday to US$60.43 trillion at the close on Thursday.

"If you strip away what's going on in North Korea, and if you strip away what's going on in Washington, which are things that are tougher to predict, the economy, the global recovery, earnings, it all paints a very positive picture for the rest of the year", Kravetz said.

The Korean story has seen the yen gain around 1.5 percent this week, its biggest rise since mid-May.

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A banner above the band shell at Lake Harriet reads, "Move from fear and survival to fascination and creation". Both Harrity and Noor are on administrative leave amid the investigation into the shooting.

Global political tensions have seen investors sell off shares as they flee to less risky assets such as the yen and the Swiss franc.

US stocks rose on Friday as Wall Street clawed back from a sharp decline in the previous session, though geopolitical uncertainty continued to be the focus for investors, contributing to weekly declines.

The dollar was further weighed down on Friday by the soft U.S. inflation data.

"If the data continues to come in on the softer side, the market might start to price the Fed staying on hold this year", said Sireen Harajli, FX strategist at Mizuho in NY. The Russell 2000 index of smaller-company stocks picked up 1.69 points, or 0.1 percent, to 1,374.23. Germany's DAX Index fell 0.6%, the UK's FTSE 100 Index retreated 1.2% and France's CAC 40 Index slid 1.4%.

As a result, the yield on the benchmark ten-year note, which moves opposite of its price, dipped by 2.3 basis points to 2.189 percent.

After touching a more than two-month high, spot gold last added 0.1 percent to $1,287.18 an ounce. Its weekly gain of 2.6 per cent is the largest since June 2016.

Upgrades Rating On Wal-Mart Stores, Inc. (WMT) To "Overweight"
It is calculated by multiplying the current market price of the company's share with the total outstanding shares of the company. The value of the investment in Wal-Mart Stores, Inc. went from $7,636,000 to $8,026,000 a change of 5.1% quarter over quarter.

Ongoing global glut concerns lingered in oil markets despite a bigger-than-expected draw in USA crude inventories. Brent crude, used to price worldwide oils, gained 40 cents to $52.54 in London.


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