U.S. stock indexes edge higher in afternoon trading

People walk past an electronic board showing stock prices outside a brokerage at a business district in Tokyo

People walk past an electronic board showing stock prices outside a brokerage at a business district in Tokyo

Other haven assets like gold also rose, but not substantially. Odds of a Fed rate rise during the December meeting now stand at around 40% according to the CME Group's 30-day Fed Fund futures prices. For the week, the metal rose 2.3 per cent the strongest weekly gain since the week ended April 13.

"The slight bias to the upside [in stocks] is a result of the CPI number". Lam Research Corp. climbed $4.82, or 3.2 percent, to $154.26.

US President Donald Trump's brinkmanship in the escalating tensions with North Korea has taken a heavy toll on global markets, wiping $1 trillion off the value of shares worldwide.

FIRE AND FURY: Keeping up his tough talk, Trump told reporters that North Korean leader Kim Jong Un's government should "get their act together" or face extraordinary trouble, and suggested his earlier threat to unleash "fire and fury" on North Korea was too mild. He also said the nuclear-armed nation should be "very, very nervous" if it even thinks about attacking the United States or its allies.

North Korea raised the stakes further on Thursday with a detailed plan to send a salvo of missiles towards the US Pacific territory of Guam.

Aiming Missiles to Fall Near Guam, North Korea's Kim Takes New Risk
The US President vowed North Korea would be met with " fire and fury " if the hermit state dares to launch an attack. Intercepting a missile over the open ocean has the added benefit of not being a direct attack on North Korea itself.

Financial markets have tended to quickly shake off North Korea's periodic saber-rattling in the past, dismissing it as bluster, but tensions have lingered this year amid signs that it is making progress in its ballistic missile program and on Trump's growing frustration with Pyongyang.

Still, the S&P 500 is on track to post its biggest weekly loss in about nine months.

"There are four more [inflation] prints between now and the December FOMC meeting and we expect the Fed to remain data-dependent, if a touch more cautious", TD Securities said in a research note.

In other energy futures trading, wholesale gasoline was little changed at $1.62 a gallon, heating oil rose 2 cents to $1.65 a gallon and natural gas rose 6 cents to $2.88 per 1,000 cubic feet. ANZ fell 1.9%, Commonwealth shed 0.7% and Westpac declined 1.3% after RBA Governor Philip Lowe said the central bank is prepared to be patient on rates for quite some time.

In the bond market, treasuries extended the upward move seen in the previous session amid ongoing geopolitical concerns. The stock was the biggest gainer in the S&P 500.

Giroud wins thriller for Arsenal
Jamie Vardy put the visitors ahead from Marc Albrighton's cross on the half-hour mark, only for Danny Welbeck to strike level on half-time.

"Japanese equities hadn't been rising much despite positive earnings results, so investors had started jumping at shadows, doubting whether they should really be holdings onto Japanese stocks".

The Japanese yen hit an eight-week high against the USA dollar, and US -traded Nikkei stock futures dropped 2 percent to their lowest since mid May. Utilities eked out a small gain.

A Reuters Datastream index of more than 7,000 stocks across the globe saw its market capitalisation drop from a record high US$61.36 trillion on Monday to US$60.43 trillion at the close on Thursday.

"Physical demand has declined tremendously since the implementation of GST from July 1".

Ask Your Science Teacher: 'Great American Eclipse' on its way August 21
When the moon blocks the sun, we can see the corona, the famous visual of the halo of light around the dark disk of the moon. We will hear adjectives like spectacular, awesome, breathtaking, fantastic and more describing the August 21 eclipse.

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