United Utilities Group PLC (UU) Hits New 12-Month Low at $827.00
Netflix takes on more debt to fuel subscriber growth
Bus Éireann Suspends All Services
Spectrum customers may lose Viacom channels over agreement dispute
Nordstrom Shelves Plans To Go Private Until After the Holidays
North Korea talk drags global stocks lower; gold, yen rise
12 August 2017, 03:15 | Joann Bryant
Image A trader works on the floor at the closing bell of the Dow Industrial Average
Stocks around the world slid again Friday following an escalation of threats between the US and North Korea, while investors contemplated an array of macroeconomic uncertainties.
Also weighing on the greenback was continued geopolitical uncertainty, after North Korea ignored President Trump's earlier warning that further threats will be met with "fire and fury", prompting investors to flee risky assets in search of safe havens like gold and the yen.
The modest rebound came at the end of a turbulent week on Wall Street as escalating tensions between the United States and North Korea rattled global markets.
ASIA'S DAY: Tokyo's Nikkei 225 tumbled 1.3 percent to 19,738.71 and Seoul's Kospi fell 1.1 percent to 2,368.39.
Spot gold prices were little changed at $1,286.05 an ounce, after touching a two-month high earlier.
North Korea has announced a detailed plan to launch a salvo of ballistic missiles toward the U.S. Pacific territory of Guam, a major military hub and home to U.S. bombers, a move that if carried out would be its most provocative missile launch to date. It comes as North Korea responded to President Donald Trump's warning, with the country saying it would consider hitting USA territory Guam with a missile strike.
Rising tensions between North Korea and the United States were once again the theme of the day with only the release of much-awaited inflation figures out of the U.S. managing to divert attention away from developments on that front.
"This situation is beginning to develop into this generation's Cuban Missile crisis moment", ING's chief Asia economist Robert Carnell wrote in a note.
Worries about increased U.S.
With the tense mood pushing European shares down for a third day and Wall Street set to fall again, global stocks were on course for their worst week since Donald Trump won November's USA presidential election.
The Toronto Stock Exchange's S&P/TSX composite index closed down 143.08 points, or 0.94 per cent, at 15,074.25, its lowest close since July 7.
Oanda analyst Craig Erlam said: "Risk aversion is once again the name of the game.as geopolitical tensions mount and investors head for cover in the traditional safe havens".
The U.S. dollar fell to 110.48 yen from 110.72 yen late Monday.
Both hit more than one-month lows.
The CBOE Volatility Index, the most widely followed barometer of expected near-term US stock market volatility, rose the most in about 12 weeks. -North Korea tension also weighed on the Canadian dollar, which weakened against its USA counterpart, despite higher oil prices and stronger-than-expected domestic housing data.
US producer prices unexpectedly recorded their biggest drop in almost a year, and the number of Americans filing for unemployment benefits unexpectedly rose last week.
Global benchmark Brent also fell 0.9 per cent to $51.44, after Thursday's 1.5 per cent drop. Away from the geopolitical drama, US inflation data is due at 1330 GMT.
The data comes amid tepid inflation that has remained below the Fed's 2 percent target, despite low unemployment. Regions Financial shed 23 cents, or 1.6 percent, to $14.07.
USA crude CLc1 was unchanged at $48.59 per barrel and Brent LCOc1 was last at $51.84, down 1.63 percent on the day.
Female Business Leaders Rally Against "Bathroom Bill"
House lawmakers approved the amendment in an 89-48 vote, before tentatively approving SB 5 by a 90-37 margin. Huberty has not brought Taylor's Senate Bill 16, on the school finance commission, up for a hearing .
Buxar District Magistrate found dead on rail tracks
Ghaziabad GRP SHO Somvir Singh said that it seemed that the IAS officer committed suicide by jumping in front of a moving train. Plz forgive me!", he wrote. "We immediately reached at the district centre but found nothing", said a police officer.
Matic confident of reds title bid
Arsenal also embarks on a campaign uncertain whether they will hold onto a key member of their squad, striker Alexis Sanchez. Away, that record drops to 39 scored and 17 conceded. "It's the start of the Premier League and it's very important for us".