Economy

Asian markets fall again as North Korea tensions continue

Asian markets fall again as North Korea tensions continue

At 3:25pm BST, spot gold was selling at $1,286.73 an ounce, up 0.74% or $9.43, holding firm near two-month highs for the physical market in both London and Dubai. It is trading at its best level in two months, and is threatening to crack the $US1,300 level for the first time since the day following the U.S. presidential election.

Markets had earlier stabilised as U.S. secretary of state Rex Tillerson tried to ease the tensions, saying he did not believe there is "any imminent threat" to Guam and that diplomacy would prevail.

Dow Jones Industrial Average (DJIA) futures are trading below fair value, as the tensions between the USA and North Korea amplify.

On Tuesday, U.S. President Donald Trump warned the Asian country about facing "fire and fury" if North Korea delivers more threats against the U.S.

Tokyo's Nikkei index had dropped 1.3% by the time European stock markets opened on Wednesday morning, with similar falls on the German and French bourses. The reclusive state raised the stakes further with a detailed plan to send a salvo of missiles towards the U.S. territory of Guam.

The dollar index fell 0.32 per cent, with the euro up 0.42 per cent to US$1.1819.

"North Korea doesn't seem like they're going to back down and the USA has also made a very strong stance this time". Hong Kong's Hang Seng dipped 1.1 percent to 27,444.00.

Tillerson's tone was in sharp contrast to that of USA president Donald Trump, who warned on Tuesday any North Korean threat to the United States would be met with "fire and fury".

Читайте также: Mariners ace James Paxton placed on DL, out until September

The dollar index (.DXY), which measures the USA currency against a basket of other major currencies, fell 0.14 percent.

"(Safe-haven demand) has settled down to a certain extent, but the market is still expecting more news to come", said Brian Lan, managing director at gold dealer GoldSilver Central in Singapore.

Another source of support to bullion was data showing US producer prices unexpectedly fell in July, pointing to a further moderation in inflation that could delay a Federal Reserve interest rate increase. The Nasdaq composite lost 0.2 percent, to 6,370.46.

If the North Korean regime "does anything" to the United States or a USA ally "things will happen to them like they never thought possible", he told reporters on Thursday, according to Bloomberg.

It was not only the threat of conflict with nuclear-ambitious North Korea. Brent crude, used to price worldwide oils, gained 10 cents to $52.24 in London. On the Nasdaq, 1,846 issues fell and 953 advanced favoring decliners.

ENERGY: Benchmark U.S. crude added 28 cents to $49.45 per barrel in electronic trading on the New York Mercantile Exchange.

And when the S&P 500 breaks a streak of 50+ trading days without a 1%+ up move, the index actually averages a decline over the next month and a gain of just 0.86% over the next three months.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2018 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог


  • NCP, Congress rift may be temporary

    NCP, Congress rift may be temporary

    Congress Party is seeking to mount a united fight against the BJP . Rahul Gandhi said the BJP government must punish the guilty.
    Roberto Aguayo waived by Buccaneers after bad preseason game

    Roberto Aguayo waived by Buccaneers after bad preseason game

    Aguayo missed an extra point in the second quarter of a 23-12 loss to the Cincinnati Bengals on Friday night. The Bucs brought the 32-year-old veteran in on a deal during free agency to add some competition to the mix.
    Equities fall on rising tension between US & North Korea

    Equities fall on rising tension between US & North Korea

    On the London stock market, mining shares saw the biggest falls as many metal prices were hit by the geopolitical concerns. In bond markets, the yield on US Treasuries fell, also pressured by the lowered expectations for a Fed move.
  • Facebook launches

    Facebook launches "secret" app to dodge the bans in China

    Previously, the Chinese government blocked a number of products from Facebook, Inc.by dint of its Nazi internet policy. And it appears the country has been vamping up their already frequent censorship initiatives even more so recently.
    13 players recalled from CPL, English county for National T20 Cup

    13 players recalled from CPL, English county for National T20 Cup

    PCB said in an official statement that players were issued NOCs on the condition of World XI series and domestic commitments. Pakistan , India, Bangladesh and Sri Lanka have earned an automatic qualification.
    Soldier, woman killed in Pak troops firing, shelling in Poonch

    Soldier, woman killed in Pak troops firing, shelling in Poonch

    He said that the first ceasefire violation by Pakistan army was in the Mendhar sector at 5,30 am wherein it resorted to unprovoked, indiscriminate firing.
  • Matic sale to Man Utd 'surprised' Lampard

    Matic sale to Man Utd 'surprised' Lampard

    Costa's rollercoaster Chelsea career is ending in acrimonious fashion, but Lampard thinks now is the right time for player and club to part ways.
    'Game Of Thrones' actor reveals whether the old Bran Stark is 'dead'

    'Game Of Thrones' actor reveals whether the old Bran Stark is 'dead'

    After the characters have spent so many seasons scattered and driven apart, it's a sign of how far along the show has progressed. This episode was full of basically everything fans love about Game of Thrones , three words sum it up, fire breathing dragon.
    Watch Jamie Carragher SHUT DOWN Jamie Redknapp over Liverpool defence

    Watch Jamie Carragher SHUT DOWN Jamie Redknapp over Liverpool defence

    Liverpool fans were left with their heads in the hands when the half-time whistle was blown at Vicarage Road this afternoon. Watford should've been one-nil up before the corner, nothing changes. "Nothing changes.
  • United States warship sails close to South China Sea island, China 'displeased'

    They sought compliance with an arbitration ruling a year ago that invalidated China's claims in the South China Sea. The Philippines, Vietnam, Malaysia, Taiwan and Brunei also have overlapping claims.
    More possibly tainted eggs found in Britain

    More possibly tainted eggs found in Britain

    The substance can damage people's kidneys, liver and thyroid glands if eaten in large quantities. Fipronil itself is not an illegal product , but it is prohibited from being used as a pesticide.
    Over 3000 delegates gather for PDP National Convention

    Over 3000 delegates gather for PDP National Convention

    According to the lawmaker, this is a new era for the country's political journey. PDP is a family and blood-related in the sense that we mean well for Nigerians.