Global shares mostly lower on rising unease over North Korea

Share
Global shares mostly lower on rising unease over North Korea

The statement concluded with a final warning: "The DPRK regime's actions will continue to be grossly overmatched by ours and would lose any arms race or conflict it initiates".

The FTSE 100 index of leading British shares was 0.6 per cent lower.

North Korea, pursuing missile and nuclear weapons programs in defiance of U.N. Security Council resolutions, accuses the Washington of devising a "preventive war" and has said any plans to execute this would be met with an "all-out war, wiping out all the strongholds of enemies, including the USA mainland".

"Trump's response was aggressive and that's why the (stock) market turned lower", said Ken Polcari, director of the NYSE floor division at O'Neil Securities. The hope, and perhaps the expectation, is that this latest round of rhetoric will also turn out to be just talk, said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management.

Gold hit its highest level in nearly two months after Trump added to the geopolitical anxiety by boasting of the strength of the US nuclear arsenal. The pan-European FTSEurofirst 300 index .FTEU3 rose 0.18 percent and MSCI's gauge of stocks across the globe .MIWD00000PUS shed 0.19 percent after touching a record intraday high. Disappointing company earnings also helped pull the market lower, with financial and consumer-focused companies outweighing gains among health care stocks. The Shanghai Composite Index lost 0.2 percent to 3,275.57 and Hong Kong's Hang Seng was off 0.3 percent at 27,757.09.

These are some of strongest comments Mattis has made on North Korea.

FED WATCH: As well as monitoring the geopolitical backdrop, investors are looking ahead to an appearance Thursday by Bill Dudley, president of the U.S. Federal Reserve Bank of NY, for signs of the Fed's outlook on the economy.

The dollar index .DXY rose 0.23 percent, with the euro EUR= down 0.39 percent to $1.1747.

The pound bought $1.2999, up slightly from $1.2993 late Tuesday in NY.

CURRENCIES: The dollar fell to 109.97 yen from 110.48 yen late Tuesday.

Korea's Kospi stock benchmark lost 1.1% as geopolitical concerns grew, while US stocks traded modestly lower (http://www.marketwatch.com/story/US-stock-futures-pull-back-on-rising-north-korea-tensions-2017-08-09).

The 10-year notes US10YT=RR last fell 3/32 in price to yield 2.2655 percent, from 2.257 percent late on Monday. If it goes into Treasury Bonds then interest rates will fall. Brent crude, used to price global oils, gained 16 cents to $52.30 in London.

OIL: Benchmark U.S. crude added 7 cents to $49.24 a barrel on the New York Mercantile Exchange.

Gold prices turned higher after unease over North Korea, reversing the downward move after the jobs data lifted the dollar.

Sterling was last trading at $1.3006, up 0.02 percent on the day.

Spot gold added 1.3 percent to $1,277.15 an ounce.

Share

Advertisement

Related Posts

Woaaah! Esha Gupta Is Instagram's Sexiest Bollywood Actress Of All Time
As Actress now busy in promoting her upcoming film Baadshaho , She is now in news from past week for her sizzling photos. The actress who is planning to launch her own lingerie line has been teasing fans with a new picture on a daily basis.

Kemper Corporation (KMPR) Position Held by Meyer Handelman Co
The value of the investment in Kemper Corporation increased from $471,000 to $992,000 increasing 110.6% quarter over quarter. The company had revenue of $684.40 million during the quarter, compared to analysts' expectations of $641.20 million.

GT Sport will not have microtransactions
Other offline content confirmed so far includes Livery Editor, Scapes (Photo Mode), Arcade mode. The game features a core offline single-player mode called Campaign.

Ejike Uzoenyi joins Ajax Cape Town till 2021
The post Uzoenyi Joins Ajax Cape Town From S/African Champions Bidvest Wits appeared first on Complete Sports Nigeria . Ajax Cape Town is Uzoenyi's third South African club after playing for Mamelodi Sundowns and Bidvest Wits .

First BATMAN VS. TWO FACE Trailer
The city of Los Angeles even held a ceremony for the legendary actor during which a real-life Bat Signal was lit up on City Hall. A Blu-ray and DVD release date of October 17 was reported for the film, but has not been confirmed by Warner Bros.

India goes sex-products shopping, Punjabi women buy most sex toys
It includes: sexy underwear, condoms, pleasure ring, sexcitement lotions and delay sprays. They preferred sexcitement products like arousal oils products over intimate massagers.

Man trying to exterminate beehive sets self on fire
Witnesses say the victim, Leslie Howard Cross II, was badly burned while trying to incinerate an underground bee hive. It happened in the 28000 block of Middle Crossing Road in Cass County's Silver Creek Township, near Dowagiac .

Microsoft Coco enterprise blockchain framework for Ethereum
In two separate live demonstrations of the Coco Framework, both the speed and security of the technology were put on display. The company plans to offer Coco for free, although it hopes that it will lead to more use of its cloud services.

CNN Panel Erupts Over Trump's North Korea Comments
The United States has been speaking with "one voice" on North Korea's missile and nuclear threats, leaving no room for confusion over the messages of its president and top diplomat, the State Department said Wednesday.

Is this Love Island star going into I'm A Celeb?
The Essex-born business director caused a ripple in the Love Island villa when he turned up six days after the show started. Someone better tell him that people don't tend to bite their lip when they're in that jungle.

© 2015 ExpressNewsline. All Rights reserved.