Fear Index Jumps on North Korea Concerns; Dow, Nasdaq Drop Triple Digits

US stocks open slightly higher

US stocks open slightly higher

For the week, the London index is looking at a 2.4% drop, which would be its biggest weekly loss since April.

In the national capital, gold of 99.9 and 99.5 per cent purity gained Rs 30 each to Rs 30,050 and Rs 29,900 per 10 gram, respectively.

So far it's just been a war of words between the US and North Korea so the rally has just been a normal reaction to the possibility of a geopolitical event.

Randgold is producing record amounts of gold each quarter and its transition from contract mining to owning its mining assets should help improve efficiencies and lower operating costs. The fact that ended with a 1%-plus drop, however, might be good news.

The tech-heavy Nasdaq composite bore the brunt of the sell-off, losing 135.46, or 2.1 percent, to 6,216.87.

The pound was unchanged against the dollar at $1.2981 and up 0.15% against the euro at 1.1040 euros.

Paul Pogba: 'Manchester United want to win everything'
Mourinho confirmed yesterday that the club were in talks about re-signing the Swede for the second half of the new campaign. Rose, 27, wants to win trophies and could quit Spurs for a move to a Premier League rival.

The recovery fit a recent pattern of investors using dips to put more money in stocks.

Major stock indexes overseas didn't fare any better. The S&P 500 is up 9 percent, while the Dow is up 10.6 percent.

Wall Street got off to a downbeat start early Thursday as tensions between the US and North Korea continued to escalate, rattling markets overseas.

The North's latest threat came as US President Donald Trump warned Tuesday that North Korea will be met with "fire and fury" should it stick to ambitions to hit the US with ballistic missiles.

He has now gone further, saying the warning may not have been tough enough and that if North Korea did what it had threatened, it faced "an event the likes of which nobody's seen before".

South Korea's benchmark Kospi index fell 1.69%.

Asian markets suffer bloodbath over escalating US, North Korea tensions
World stock markets slid Wednesday as worries about US-North Korea tensions sent traders fleeing to safe-haven investments. Computer hardware stocks rebounded following recent weakness, with the NYSE Arca Computer Hardware Index climbing by 1.4%.

There were fewer signs of anxiousness in the markets Friday.

The CBOE Volatility Index .vix , a barometer of expected near-term stock market volatility, rose to a near three-month high of 15.49. It's still the highest it's been since May.

Later on Friday, investors will look to US July consumer price data for hints on the Fed's policy outlook and near-term moves in the dollar.

Gold got an extra boost after data showed USA consumer prices rose less than expected in July, pointing to benign inflation that could make the Federal Reserve cautious about raising interest rates again this year. Inflation has risen 1.7% over the past 12 months, suggesting that inflation pressures remain well under control.

Lower-than-expected CPI data will be bullish for gold because it will reduce the chances of a Fed rate hike later this year.

Thai shares plunged % to close at points as regional stock markets were shaken by the rising tensions between North Korea and the USA. Lam Research Corp. climbed $4.82, or 3.2 percent, to $154.26.

Notes From The Phillies' 3-1 Win Over New York
Cesar Hernandez and Freddy Galvis each delivered an RBI single in the fifth to account for the Phillies' runs against Matz. Aaron Nola struck out eight batters and allowed one run in seven innings to beat the Mets 3-1 on Saturday.

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