Tuesday, 24 October, 2017

Dow Jones stumbles on Trump's North Korea threats

A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan New York City S. Korean shares extend losses on heightened tensions over N. Korea
Preston Stone | 14 August, 2017, 01:41

Investors will get an update on consumer price inflation, watched for its influence on the Federal Reserve's interest-rate thinking, while shares of Snap Inc. and Nvidia Corp. may draw attention after their earnings releases late Thursday.

USA markets ended lower on Wednesday amid rising tensions between USA and North Korea. Oil prices veered lower as early gains faded.

S&P 500 e-minis were up 1.5 points, or 0.06 percent, with 300,073 contracts traded.

Dow e-minis were up 6 points, or 0.03 percent, with 29,187 contracts changing hands at 8:34 a.m. ET (1234 GMT). Brent crude futures lost 0.8 percent to $51.5 per barrel on persistent oversupply worries despite a bigger-than-expected drawdown in USA crude inventories.

Macy's shares closed down 10.2 percent and Kohl's fell nearly 6 percent as the companies continued to report a drop in quarterly same-store sales, stoking concerns that their turnarounds may still be a long way off.

In his latest warning to North Korea, U.S. President Donald Trump said on Friday military solutions were "fully in place" and referred to American weapons as being "locked and loaded" should the nuclear-armed nation act "unwisely". Japan and South Korea vowed a strong reaction if the North were to go through with the plan.

ANALYST'S TAKE: The U.S.jobs figure "was through the roof" and the NFIB survey "painted a much better picture for the U.S. economy than most believed", said Stephen Innes of OANDA in a report. Investors' uncertainty, measured by the VIX volatility index, is still at higher levels not seen since the election, but stock markets are back to positive returns. Humana rose $4.74, or 1.9 percent, to $254.96. Discovery Communications fell 94 cents, or 3.9 percent, to $23.36.

Premier League 2017-18 Team Preview: Liverpool
I hope of course that we will win the game, that's the most important thing in the first game". "We forgot to close the game". Boss Jurgen Klopp will be disappointed with Liverpool's result from their Premier League opening match against Watford .

FINANCIALS FALLING: Several financial sector companies also helped pull down the market. South Korea's KOSPI fell 1.8 percent to almost a three-month low.

The Labor Department also said unit labor costs rose by 0.6% in the second quarter following an upwardly revised 5.4% spike in the first quarter. The stock lost $2.97 to $8.87. Kohl's also declined, sliding $2.66, or 6.3 percent, to $39.28. 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.

Oil managed to end higher today, after the Energy Information Administration reported a bigger-than-expected decrease in domestic crude inventories last week. Brent crude, used to price worldwide oils, slid 52 cents, or 1 percent, to $52.18.

The December gold contract was ahead US$16.70 to US$1,279.30 an ounce.

CURRENCY: The dollar declined to 109.79 yen from Tuesday's 110.34 yen.

The pound was down 0.1% against the euro at 1.10.

MARKETS OVERSEAS: Major indexes in Europe slumped. The Standard & Poor's 500 index fell 0.2 percent, to 2,474.92. While the UK's FTSE 100 Index has slumped by 1.5%, the German DAX Index is down by 1.1% and the French CAC 40 Index is down by 0.8%. Tokyo's Nikkei 225 tumbled 1.3 percent, while Seoul's Kospi fell 1.1 percent.

Recommended

Arsene Wenger exclusive: Alexandre Lacazette challenged to continue scoring record at Arsenal Arsene Wenger exclusive: Alexandre Lacazette challenged to continue scoring record at Arsenal In the past two seasons, Chelsea and Leicester City have both sacked their managers less than a year after winning the title. Chelsea won the title with relative comfort last season in a dream first campaign at the helm for manager Antonio Conte.

Matsuyama knocks on the major door Matsuyama knocks on the major door Stuck behind a tree off the tee, he tried to hook the ball around it, sent it into the bushes and had to take a penalty stroke. Neither had threatened the top of the leaderboard in the opening rounds but day three was where their challenges ended.

Weather forecast: Storms to shift inland Sunday Weather forecast: Storms to shift inland Sunday The coverage of storms will increase again by Monday afternoon, and this looks to be the trend through most of the week. Saturday will be cloudy with a few showers to start, but some partial sunshine is expected to develop.

Tropical depression likely to be declared Tropical Storm "Gert" later Sunday Tropical depression likely to be declared Tropical Storm Additionally, there is a small area off the coast of Africa with a low chance of development over the next few days. There's also another tropical wave that forecasters are watching as of Sunday morning.

Trump speaks with Guam's governor in extremely candid phone call Trump speaks with Guam's governor in extremely candid phone call But officials in Guam, the tiny island territory that Kim Jong Un has threatened to attack, aren't keeping citizens in the dark. The president called the USA military "incredible, "rock solid" and "the best in the world by a factor of five".

Tom Cruise injured on the set of "Mission Impossible 6" Tom Cruise injured on the set of However the fearless jump is misjudged as the 55-year-old slams into a building and is momentarily left hanging in the air. It also stars Henry Cavill, Rebecca Ferguson, Angela Bassett and Alec Baldwin and is set to hit theatres in July 2018.

North Korea has markets nervous but not panicked North Korea has markets nervous but not panicked Despite today's jump, gold still sits well below its 52-week high of over $1,350 per ounce, which it reached last summer. The market also awaited U.S. consumer inflation data on Friday that would offer more clues about the pace of the U.S.

Charlottesville driver arrested by police Charlottesville driver arrested by police The group also reported vandalism to "Hate Has No Home Here" signs that were put up in yards throughout the neighborhood. The driver has been identified as James Alex Fields, 20, of OH , according to CNN .

Yuvraj dropped, Ashwin, Shami rested for SL ODIs and T20I Yuvraj dropped, Ashwin, Shami rested for SL ODIs and T20I Axar Patel, Kuldeep Yadav and Yuzvendra Chahal are captain Virat Kohli's options among slow bowlers. The Mumbai batsman has been named as the vice-captain of the squad .

Nigerian president Buhari wants to home return Nigerian president Buhari wants to home return President Muhammadu Buhari says he believes he is strong enough to return to the country, but his doctors will be the one to determine when he returns.

North Korea knows U.S. 'fire, fury' very well North Korea knows U.S.  'fire, fury' very well The case of American student Otto Warmbier, who died following his release from North Korea, was included in those talks. Earlier this week, Trump said if North Korea made any more threats to the USA , it will be met with " fire and fury ".

Refugee rescue boat sent to help anti-immigrant stranded ship Refugee rescue boat sent to help anti-immigrant stranded ship Many of them are fleeing war and persecution while others are seeking better economic opportunities. Humanitarian groups say migrants returned to Libya risk inhumane treatment.

Violence in Virginia Prompts Emergency Demonstration in Oakland Violence in Virginia Prompts Emergency Demonstration in Oakland Addressing reporters, Trump refused to name white supremacists or any specific group, blaming the violence "on many sides". Charlottesville Police identified the driver as 20-year-old James Alex Fields Jr . of Ohio.

Pastor freed from North Korean prison arrives back in Canada Pastor freed from North Korean prison arrives back in Canada OTTAWA-A pastor in ontario, who was serving a sentence of life in prison in North Korea finally returned to the country Saturday. Lim's release was intended as a goodwill message, to try to portray itself as a country capable of reasonable negotiation.

Indian Tourists Among 600 Stranded Due To Nepal Floods Indian Tourists Among 600 Stranded Due To Nepal Floods Authorities say the death toll could go up as more people are missing in floods in the eastern Tarai. Severe monsoon flooding and landslides killed almost two dozen people in eastern Nepal on Saturday.