European markets end lower amid geopolitical tensions

European markets end lower amid geopolitical tensions

"If you think this is just rattling sabers, and it's just words, then you could view this as a buying opportunity".

U.S. markets held steady in trade on Friday, with the Dow Jones up 0.2%.

The Nasdaq Composite was down 68.30 points, or 1.08 percent, at 6,284.03. Major stock indexes across Europe and Asia also posted weekly declines.

On the London stock market, mining shares saw the biggest falls as many metal prices were hit by the geopolitical concerns.

"There seems to be a heightened fear of an escalation", said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey.

The S&P 500 volatility index jumped again on the latest jawboning in the US-North Korea standoff. It slipped Friday but was up more than 50% for the week.

Among company results, Prudential easily beat analysts' profit forecasts at the half-year stage thanks to strong trading in Asia and said it had met its target for surplus cash generation ahead of schedule.

Large retailers Macy's and Kohl's tumbled on Thursday after they reported another quarter of shrinking sales.

More news: Facts About North Korean Dictator Kim Jong Un
More news: Sony Sets 'Silver And Black' Release Date; 'Bad Boys 3' Now Unset
More news: European Union extends pressure on North Korea

Macy's (M.N) shares closed down 10.2 percent and Kohl's (KSS.N) 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.

Blue Apron shares hit a record low at US$5.03 after the meal-kit delivery service provider reported a bigger-than-expected loss in its first quarterly report as a public company.

European markets followed suit with the DAX down 1.15% to 12,014.30 and the CAC 40 off 0.59% to 5,115.23.

A weaker-than-expected July consumer price data also supported the recovery.

The Dow Jones Industrial Average closed down 204.69 points, or 0.93 percent, at 21,844.01, the S&P 500 lost 35.81 points, or 1.45 percent, to end the session at 2,438.21 and the Nasdaq Composite fell 135.46 points, or 2.13 percent, to 6,216.87. Economists had expected prices to rise by 0.2 percent.

The Labor Department said its consumer price index inched up by 0.1 percent in July after coming in unchanged in June.

Friday's report was the latest in a string of lackluster inflation readings, which have surprised many investors who had entered the year betting on an upsurge in economic growth and inflation.

Despite the ongoing turmoil, investors' focus was slowly returning to the U.S. economy after Chicago Federal Reserve president Charles Evans said Wednesday it would be "reasonable" to announce the beginning of a reduction of the Fed's balance sheet next month.

  • Conte admits Chelsea 'lost their heads', refuses to comment on ref

    We've seen it with Nathan Ake, who scored a late victor against Liverpool last season to help Bournemouth to a 4-3 victory. Conte added: "There could be an opportunity to start the game for Rudiger because Moses will miss out for one game".

    Invesco Municipal Opportunity Trust

    Separately, JFS Wealth Advisors LLC increased its stake in Invesco Municipal Opportunity Trust by 2.1% in the second quarter. Invesco Value Municipal Income Trust was formed on February 26, 1993 and is domiciled in the United States.
    Giroud wants to stay and fight for his place, claims Wenger

    Giroud wants to stay and fight for his place, claims Wenger

    You want the Premier League to be the best league in the world and I think it has to produce this kind of games to produce interest and quality", he said.
  • J&K: 3 Hizbul militants trapped as gun battle intensifies in Shopian

    J&K: 3 Hizbul militants trapped as gun battle intensifies in Shopian

    Meanwhile, clashes between security forces and locals have also errupted near the encounter site. Ahmed has been admitted in SMHS hospital in the city Srinagar and his condition is stable.

    Barcelona ready to make an offer for former Man United winger

    Lyon's youthful side started with a 4-0 thumping of Strasbourg last week and travel out to Brittany to take on Rennes today. Jota: The Brentford midfielder is wanted by both Newcastle and West Ham, according to the Mirror .
    Dulquer Salman to enter Hindi films with Irrfan Khan and Mithila Palkar

    Dulquer Salman to enter Hindi films with Irrfan Khan and Mithila Palkar

    The teaser for Dulquer Salmaan's Solo was released on Saturday by Bollywood director and producer Karan Johar on Twitter. Besides the duo, it will star Irrfan Khan, although the character details of all of them are now kept under wraps.
  • Arsenal boss Wenger on matchwinner Giroud

    Arsenal boss Wenger on matchwinner Giroud

    As such, the visitors ended the game just as they'd started it, conceding a headed goal by a French striker. It was an exciting game, the neutrals will have had a good time and both sides will take positives.

    Asia stocks snap back into the red on lingering N.Korea tensions

    Shares of Michael Kors ended up 21.5 percent, after the luxury goods maker raised its full-year revenue forecast. The Swiss franc reversed a two-week losing streak and gained 1.1 per cent to as firm as 0.9611 per dollar.

    Encana Corporation (ECA) Holdings Increased by Public Sector Pension Investment Board

    The oil and gas company reported $0.18 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.03 by $0.15. The fund owned 460,079 shares of the oil and gas company's stock after buying an additional 37,613 shares during the period.
  • Vokes at double as Burnley catch Chelsea cold

    Antonio Conte must have had some words with his side at half-time because Chelsea emerged energised after the break. Alonso had a fierce free kick well saved by Tom Heaton just after the hour mark.
    HBO offers $250000 as 'bounty payment' to hackers

    HBO offers $250000 as 'bounty payment' to hackers

    If it was a bug bounty, it'd be on the up and up". "You have the advantage of having surprised us", the message reportedly reads. Now a leaked email suggests that HBO offered the perpetrators a sum of $250,000 to delay the leaks.

    Bills Acquire Jordan Matthews From Eagles For EJ Gaines

    Matthews sat out most of the spring work with knee tendinitis that the organization didn't seem to think was all that serious. The move continues LA's effort to put 2016 former one overall pick Jared Goff in the best position to succeed possible.