United States stocks fall as North Korea worries rise

United States stocks fall as North Korea worries rise

United States stocks fall as North Korea worries rise

ASIA'S DAY: Japan's benchmark Nikkei 225 slipped 0.3 percent to finish at 19,996.01, while Australia's S&P/ASX 200 lost 0.5 percent to 5,743.80.

The euro was down 0.4 per cent at just over $1.17 and nearing a two-week low, while the New Zealand dollar tumbled a full one per cent as its central bank head bluntly said he wanted it lower.

Spot gold had eased 0.1% to $1,276.40 per ounce at 8.22am. The Japanese markets were closed for a holiday.

That prompted North Korea to say it was considering firing missiles near Guam, a U.S. Pacific island territory.

The latest U.S. economic data cemented expectations that inflation will remain subdued amid a robust labour market.

"The CPI data was very muted and not something which the Federal Reserve is going to be happy to look at", said Think Markets analyst Naeem Aslam.

Wall Street stocks fell for the second straight session Wednesday as worries about US-North Korea tensions rattled investors.

United Continental Holdings Inc
TRADEMARK VIOLATION NOTICE: This report was originally reported by Markets Daily and is owned by of Markets Daily. United Continental Holdings (NYSE: UAL ) last released its quarterly earnings data on Tuesday, July 18th.

"North Korea doesn't seem like they're going to back down and the United States has also made a very strong stance this time".

The US dollar meanwhile remained sluggish, with the dollar index being unable to hold on to modest gains from earlier in the session.

Japanese markets were closed for a holiday but the tense mood dragged Asian shares lower and an MSCI index of stocks across the globe was on track to post its largest weekly drop since the week before Donald Trump won the USA presidential election in November.

Geopolitical concerns continue to weigh on Wall Street amid an ongoing escalation in tensions between the U.S. and North Korea.

"U.S. markets had previously been becalmed amidst the Goldilocks scenario of strong profit growth, low interest rates and full valuations".

The dollar widened losses against the yen to hit a two-month low.

Analysts warned the softening dollar could test June's low of 108.82 yen and even the 2017 trough of 108.13 yen. Japan is the world's biggest creditor country and there is an assumption investors there will repatriate funds in a crisis.

Oakbrook Investments LLC Sells 30960 Shares of Chesapeake Energy Corporation (CHK)
It is negative, as 89 investors sold RAI shares while 298 reduced holdings. 80 funds opened positions while 275 raised stakes. Fiduciary Trust invested 0.01% in Nucor Corporation (NYSE:NUE). (NYSE:RAI) for 65,900 shares. (NYSE:RAI) for 2,000 shares.

However, analysts at UBS Evidence Lab said Domino's market position is challenged with growing competition and United Kingdom consumer weakness, and that investment was needed to simply maintain its market position.

And in bond markets, 10-year US Treasuries and Germany's ultra-safe government bonds, known as Bunds, were trading at their highest prices since June.

The Dow and S&P 500 inched higher on the day but they both posted their largest weekly percentage drops since late March.

US gold futures for December delivery rose 0.2 percent to $1,291.80 per ounce.

Oil prices extended gains after rising nearly 1 percent overnight.

Oil prices rose before a report expected to show USA crude stocks fell for a sixth week. They plunged 2 percent on Thursday on fears of slowing demand and lingering concerns over a global oversupply. Palladium added 0.4% to $899.80 per ounce and was on track to end the week about 2% higher.

The RBNZ kept interest rates unchanged at a record low of 1.75 percent on Thursday.

Doubts over Japan's ability to defend against missiles
The rotations also came as North Korea increasingly upped the ante in the standoff over its development of nuclear weapons. The escalating threats between the US and North Korea have thrown the tiny USA territory of Guam into the headlines.

The last time the S&P closed down more than 1 percent was May 17 when it fell 1.8 percent.

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