Arrr me matey! Johnny Depp visits BC Children's Hospital
Crude Oil Drifting Lower By The Day
Wal-Mart tops Street 2Q forecasts
Outstanding Analyst Ratings For Dignity (LON:DTY)
Gold Inches Toward $1300 Ahead Of Inflation Data
13 August 2017, 02:13 | Jan Cross
Shares slip, yen and gold gain as Korea tensions escalate
Investors await the headline U.S.consumer inflation data for July for more clues about future Fed decisions. Nasdaq-100 futures shed 13.75 points, or 0.2%, to 5,776.
Although the metal is now following a positive trajectory on the daily charts, market players might decide to remain on the sidelines ahead of the USA inflation report, released later today.
The Chinese yuan was up marginally after the central bank set the yuan midpoint at 6.6770 to the dollar, the highest level 10-1/2 months.
Asian equity markets extended a global slide on Friday, sending investors fleeing to less risky assets such the yen, the Swiss franc and U.S. Treasuries.
In the latest developments between the two countries' war of words, President Donald Trump issued another set of statements on Thursday, saying that his warning of bringing "fire and fury" to North Korea - if it continues its threats - may not have been "tough enough". The Standard & Poor's 500 index dropped 1.4 percent to 2,438.21. "So why buy risk assets (such as equities or credit) when the thematic at hand isn't going to resolve itself in the immediate short-term?"
Asked if he would consider a pre-emptive strike against North Korea to deny it the ability to launch a nuclear attack against the United States, Trump said, "We'll see what happens".
The Nasdaq Composite, meanwhile, was facing its worst week since the one ended December 2, which logged a loss of just over 2%. It is poised to end the week down 1.9 percent. Despite all the innovation, there is a single component no tech company can survive without. After a very quiet start to the week due to the summer season, the second half has been dominated by geopolitics - with the mounting tensions between the United States and North Korea denting risk sentiment, ultimately punishing global stocks.
USA producer prices Thursday disappointed, as traders await consumer price inflation figures later Friday. Eastern Time, alongside core CPI.
Against the pound, the euro managed to gain margially, rising 0.06% to 0.9047.
Gold for Pearson at world athletics championships
Australia's Sally Pearson bounced back from two years of injury hell to reclaim the 100 metres hurdles world title in London . American veteran Dawn Harper Nelson was second, .04 seconds behind, and Pamela Dutiewicz of Germany took bronze in 12.72.
Uber investor sues former CEO Kalanick for fraud
But while he is no longer chief executive, he remains on Uber's board and has the power to appoint three members. As per a court document, Benchmark holds about 20% of the voting rights in Uber and 13% of its ordinary shares.
Trump Says US Ready To Use Nuclear Weapons
According to a new report , foreign diplomats visiting the United States are less than impressed with Donald Trump . Wednesday was the 72nd anniversary of the atomic bombing of the city of Nagasaki by the US.