emfizz.com
emfizz.com October 20, 2017


Swiss franc, yen rise as North Korea tensions brew

12 August 2017, 09:53 | Jan Cross

(EDITORIAL from Korea JoongAng Daily on Aug. 7)

A man walks by a TV screen showing a local news program with a file image of North Korean leader Kim Jong Un at Seoul Train Station in Seoul South Korea Wednesday Aug. 9 2017

"The war of words between the leaders of the USA and North Korea continues to dominate investor sentiment", said Forex.com technical analyst Fawad Razaqzada.

The broader Topix shed 0.65 point to 1,617.25, while the JPX-Nikkei Index 400 shed 8.16 points, or 0.1 percent, to end at 14,367.56.

Small attributed a large part of the Dow's decline to disappointing earnings from Disney after the media giant reported a weak quarter, said it would pull its movies from Netflix and start two of its own video streaming services.

European shares were also lower following reports that a vehicle had rammed a group of soldiers in Paris, injuring six before speeding off in what officials identified as a suspected terrorist attack.

US stock futures were pointing to a weaker open on Wednesday. Sony Corp. shares in Tokyo dropped 1.6 percent.

Mr. Trump's remarks on Tuesday that North Korea would face "fire and fury like the world has never seen" pushed Wall Street lower on Tuesday and drove up the VIX "fear gauge" of expected volatility on the S&P 500 higher. US officials attempt to calm US-North Korea tension appeared to sedate anxious investors.

With Japan and South Korea also warning North Korea, investors are taking a step back to see what is happening before chipping in back, Bakhos said.

The VIX rose further on Wednesday, rising as far as 12.11, its highest in nearly a month.

Retired Hudson to join Terriers' coaching staff
He ends his playing career having helped Town to promotion via the Championship play-off final against Reading at Wembley. The utility man has already made two appearances for Barnsley this season, adding to his 32 league outings last campaign.


Guardiola says he's not moved by talk that Man City are favourites
Players here now are so young and will stay for the future". "I don't [think] there's extra pressure on me", he said. We were not able with those players to find a solution. " I think soon [they will be back] but not for this game ".


Guam: Tourists continue to enjoy island amid North Korea's threats
We are rock solid, and we have the best in the world by a factor of five. Trump responded, "We're going to do a great job". Calvo, who invited the president to the island.


The price of gold also surged for the second day in a row as the December bullion contract advanced US$10.80 to US$1,290.10 an ounce. The Nasdaq composite lost 114 points, or 1.8 percent, to 6,237.

"Investors rushed to buy the yen as a safe-haven currency after geopolitical risks increased sharply in response to a bitter war of words between the United States and North Korea", an official of a foreign exchange brokerage house said.

"It is a market that is beginning to encounter some major threats and of course the threat is geopolitical", said Peter Cardillo, chief market economist at First Standard Financial. The Dow Jones industrial average fell 0.17 percent, with the tech-heavy Nasdaq composite index declining 0.28 percent.

Among European markets, Britain's FTSE 100 fared the worst, down 1.10% as 80% of index members tumbled, led by the telecommunication sector.

The benchmark 10-year yield jumped to trade at 2.28 percent after the jobs openings and labor turnover survey showed a record number of job openings for June .

However, shares of Dean Foods tumbled, trading 20.1 per cent weaker at US$11.96 as of 2.24pm in NY, after the U.S. dairy processor posted quarterly results that fell short of expectations and downgraded its full-year forecast amid "a challenging and rapidly evolving retail environment".

USA and British equivalents were also trading a touch above Wednesday's six-week lows.



Other News

Trending Now

There were five attempts to stop PDP convention - Makarfi
Any time longer than three months will not be in the interest of the party. "We are not ideal and we would always learn from our mistake".

Healthcare Realty Trust Incorporated
Bennicas & Associates Inc. acquired a new stake in Healthcare Realty Trust during the first quarter worth about $202,000. Note, this compares with a consensus analyst forecast of 0.4 in earnings per share for its next fiscal quarterly report.

Man suspected of pushing woman into oncoming traffic during run claims innocence
The man, a private equity firm partner, says he has "irrefutable proof" he was actually in the USA at the time, the BBC reports . Bus operator Go-Ahead London has praised the driver, who swerved to avoid the victim and then stopped to provide assistance.

'Destiny 2' beta brought new changes, Bungie applying new matchmaking rules
Another issue found with the help of our friends in the console Beta. "We agree it was taking a bit too long to cook up a Super". Bungie will also improve skill calculation in Countdown to better show how players will perform against their opponents.

Guam Gov: Trump's 'Hell and Fury' Justified If NK Attacks
The president called the United States military "incredible, "rock solid" and "the best in the world by a factor of five". Mr Trump has said he would not allow Pyongyang to develop a nuclear weapon capable of hitting the United States.

Solar Eclipse Question? There's An App for That
In ancient India, he said, people believed that the severed head of a deity named Rahu caused eclipses by swallowing the sun. If you haven't placed an order yet - or your glasses are arriving after the solar eclipse - don't panic yet.

GOP rep: Trump's 'fire and fury' remark meant to pressure China
The ignorance of every single public figure regarding these facts is more unsafe than anything President Tweety may say. See the millions of cars they sell in the U.S.? Sooner or later someone should take them seriously.

FTSE 100 plunges as investors worry about USA and North Korea tensions
On the currency markets, the pound was up 0.03% against the dollar at $1.2981 but down 0.23% against the euro at 1.0999 euros. Wall Street saw a stock sell-off on Thursday as rising tensions between the USA and North Korea filled investors with worry.

Obama Boasted the US Could Destroy North Korea — FLASHBACK
The Rasmussen poll shows Trump's approval rating increased after North Korean leader Kim Jung un threatened a missile strike on the nearby island of Guam, a US territory with an American military base.

LG Unveils V30 Smartphone Featuring an F1.6 Aperture Camera
The LG V30 and LG V30 Plus are expected to come with 64 GB and 128 GB of internal storage respectively. According to a report from ETNews , LG plans on launching the V30 Plus on the same day.