European markets open lower on Friday

European markets open lower on Friday

European markets open lower on Friday

The UK benchmark index has fallen deep into the red for a second day, staying on track for a hefty loss this week, pressured by the ongoing tension between the USA and North Korea which has fuelled a selloff in cyclical stocks.

We are anticipating the Dow Jones to open 48 points lower at 22,000 and we are calling the S&P 500down 9 at 2465.

Russia, China and Germany expressed alarm at the escalating rhetoric from Pyongyang and Washington, while the Pentagon said the US and South Korea would move ahead as planned with a joint military exercise in 10 days, an action sure to further antagonise North Korea. World stocks are on track for their biggest weekly fall since the week before Trump was elected.

Update: The FTSE 100 has slumped further into the red amid persisting fears over North Korea tensions, with the sell-off accelerated by a slump in United States markets. Equity screens were also awash with red in Asia as investors fled to safe haven assets after US President Donald Trump doubled down on his North Korea rhetoric.

West Nile Virus found in Kent County mosquitoes
The infected person is a woman under 40 years old, the Douglas County Health Department said in a press release. In some people, it can cause a serious and potentially fatal infection of the brain and spinal cord.

Across Europe, the Cac 40 in France slid 1.1% while Germany's Dax was flat.

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.

OIL: Benchmark U.S. crude lost 24 cents to $48.37 per barrel on the on the New York Mercantile Exchange while Brent crude, used to price global oils, declined 20 cents to $51.70 per barrel in London.

The International Energy Agency said Opec members were not complying with production cuts, which were holding back efforts to rebalance the market quickly.

Banco Bradesco SA (NYSE:BBDO) Plans Special Dividend of $0.01
As of quarter end Tower Research Capital LLC (trc) had acquired 578 shares growing its position 2,627.3%. The business also recently declared a special dividend, which will be paid on Friday, September 8th.

The FTSE 100 firm announced in March a year ago that it would run its US-based asset management operation, its UK-based wealth unit, an emerging markets division and Nedbank in South Africa as separate businesses.

Shares were down more than 3%, or 6.2p to 195.3p.

The group said it will pay £24 million for the stake in the firm, which will consist of 25 existing Domino's stores in the capital.

Rio Tinto, Glencore, Antofagasta, Anglo American, BHP Billitonand Arcelormittal all fell 2.3 to 4.1 percent.

Vanguard Group Inc. Reduces Stake in Cooper Tire & Rubber Company (NYSE:CTB)
ViewRay, Inc. (NASDAQ:VRAY) shares were last seen down -1.09% at $5.45, which is 72.41% higher than the previous trading session. Following the sale, the insider now directly owns 78,099 shares in the company, valued at approximately $2,756,113.71.

Housebuilders Persimmon and Barratt Developments were among the biggest gainers of the day, up 1.58% and 1.02% respectively.

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