Global stocks fall on rising unease over North Korea

Traders work on the floor of the NYSE in New York

The three major USA stocks indexes ended higher on Friday, snapping three days of losses, as investors bet on slower U.S. rate hikes, but gains were muted by increasingly aggressive exchanges between the United States and North Korea.

Wall Street closed sharply lower, with Dow Jones down over 200 points on Thursday. Others anxious about lofty market valuations and pockets of weakness like the mounting red ink at JCPenney and Snap, both of which crashed to record lows on Friday.

"At least in this segment, investors apparently remain reluctant to seek gold's safe haven".

Japanese markets were closed for a holiday, but the tense mood dragged Asian shares lower and an MSCI index of stocks across the globe posted its largest weekly drop since the week before Donald Trump won the United States presidential election in November. "If you think this is just rattling sabers, and it's just words, then you could view this as a buying opportunity". The Dow rose slightly on Friday after shedding 205 points the day before, its worst slide in almost three months.

On average, the S&P 500 falls 5% or more every 10 weeks and the index falls 10% every 33 weeks, according to data analyzed by AllianceBernstein going back to 1928.

Yankees Place Masahiro Tanaka on the Disabled List
Tanaka reportedly told manager Joe Girardi that his arm felt exhausted and the issue is not structural. Tanaka issued a career-high five walks in four-plus innings at Toronto on Wednesday.

"We're not very oversold yet so the market still has more downside left to it".

"If we break above this downtrend, then we potentially open up the region up to $1,300, the recent highs we saw in April and June", Butler said. It slipped Friday but was still on track to end the week up around 50%. Despite the ongoing turmoil, investors' focus was slowly returning to the United States economy after Chicago Federal Reserve president Charles Evans said Wednesday it would be "reasonable" to announce the beginning of a reduction of the Fed's balance sheet next month. Still, all three gauges are within 5 percentage points of record levels. Shares of fellow department store J.C. Penney dropped 15% Friday after the company's second-quarter loss exceeded expectations.

US DATA: The other potential driver in markets will be upcoming USA economic data, including monthly inflation figures, which could go a long way to determining expectations for the pace at which the Federal Reserve raises interest rates.

The CBA fell 1 per cent to $80.22. The Stoxx Europe 600 benchmark was down 1.1% (http://www.marketwatch.com/story/european-stocks-face-worst-week-in-9-months-on-us-north-korea-tensions-2017-08-11), while Hong Kong's Hang Seng led the Asian losses with a drop of 2%.

Shanghai posted its biggest one-day drop since December while Seoul stocks again ended deep in negative territory. New York Federal Reserve President William Dudley said reaching the 2% inflation target this year will be tough - even if monthly data improves.

Related news:

Hot News

isis-killer-beheading-video-story-top Missing Inmate From Winfield Correctional Facility
Aoû 12, 2017 - 22:53
He was last seen wearing a white state-issued T-shirt and blue jeans or gray sweatpants. Officials say Mitchell is considered to be risky .

isis-killer-beheading-video-story-top Barcelona's Sergi Roberto wanted as Nemanja Matic replacement following Manchester United
Aoû 12, 2017 - 22:44
We are the most physical league. "When a player leaves a club, you do not normally see a manager speak so glowingly about them", the former England worldwide told Sky Sports .

isis-killer-beheading-video-story-top Will Trump Choke China Banks?
Aoû 12, 2017 - 22:37
The new sanctions won't end that - or address the Chinese companies and banks that continue to do business with North Korea. Joint discussions between six nations - China, Japan, North Korea, South Korea, Russia and the US - collapsed in 2009.

isis-killer-beheading-video-story-top Champions Chelsea reduced to nine and beaten 3-2 by Burnley
Aoû 12, 2017 - 22:35
Mauricio Pellegrino had to settle for a point in his first match as Southampton manager as his side wasted a series of chancs. That was until Luiz sprinted onto Morata's pass and volleyed in to bring the nine men to within a goal of Burnley .

The Peabody Energy Corporation (NYSE:BTU) Given News Sentiment Score of 0.12
Aoû 12, 2017 - 22:31
Bank of New York Mellon Corp bought a new stake in Peabody Energy Corporation during the second quarter worth about $5,434,000. Ltd. bought a new stake in shares of Peabody Energy Corporation during the second quarter valued at approximately $748,000.

isis-killer-beheading-video-story-top Third wave of floods hit Assam, three lakh affected
Aoû 12, 2017 - 22:30
Now 1,752 villages are under water and over one lakh hectare crop area has been damaged, ASDMA said. Floods also wreaked havoc in the river island of Majuli forcing the affected to flee to highlands.

isis-killer-beheading-video-story-top Varun Dhawan's Judwaa 2 trailer release DELAYED, All Details Here
Aoû 12, 2017 - 22:28
As per a report in Bollywood Hungama, the release of the trailer of " Judwaa 2 " has been put on hold by the makers. Titled " Judwaa 2 Official Trailer 2017" the trailer promises to be a sneak peek into Varun Dhawan's Judwaa 2 .

isis-killer-beheading-video-story-top NCP skips opposition meet chaired by Congress chief Sonia Gandhi
Aoû 12, 2017 - 22:26
But I would like to inform the opposition that; other than BJP no other party is capable of ruling the government or Centre. The parties chose to take up the issues of farmers, Dalits, minorities and other marginalised groups during the period.

isis-killer-beheading-video-story-top Short Interest in American Airlines Group, Inc. (AAL) Rises By 4.1%
Aoû 12, 2017 - 22:24
The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Finally, FNY Managed Accounts LLC increased its stake in shares of American Airlines Group by 146.9% in the second quarter.

ManpowerGroup (NYSE:MAN) Receives Consensus Rating of "Buy" from Analysts
Aoû 12, 2017 - 22:18
Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of ManpowerGroup by 31.4% in the first quarter. Also, Director Ulice Payne, Jr. sold 2,100 shares of ManpowerGroup stock in a transaction dated Friday, August 4th.

isis-killer-beheading-video-story-top Former Regina Pats head coach Bryan Murray passes away at 74
Aoû 12, 2017 - 22:17
As we mourn Bryan's passing, we celebrate his many contributions to the game - as well as his courage. Murray will be missed, and not just by family members and the Senators franchise.

isis-killer-beheading-video-story-top Emmanuel Macron monte au créneau — Corée du Nord
Aoû 12, 2017 - 22:17
L'objectif est clair:"La France demande à ce pays de se conformer sans délai à ses obligations internationales et de procéder au démantèlement complet, vérifiable et irréversible de ses programmes nucléaires et balistiques ".

isis-killer-beheading-video-story-top Keselowski starts at front for Pure Michigan 400
Aoû 12, 2017 - 22:13
It's at the top of Brad Keselowski's bucket list - to win a Monster Energy NASCAR Series race at Michigan International Speedway. The automaker rivalry got a slight bit chippier after qualifying for Sunday's Pure Michigan 400 (3 p.m.

isis-killer-beheading-video-story-top Asus leaks four ZenFone 4 models on its own website
Aoû 12, 2017 - 22:13
The ZenFone 4 Max uses the same title as the model debuted in Russian Federation , but features a smaller battery screen. As per price, the Asus ZenFone 4 Selfie Pro is priced at Euro 399.99 while the ZenFone 4 Selfie goes for Euro 299.99.

isis-killer-beheading-video-story-top Drake and Future sued
Aoû 12, 2017 - 22:08
She said that the man, identified as Leavy Johnson , told her that he could take her backstage to meet Drake and Future . The victim says Drake , Future and the Bridgestone Arena should have known employing Johnson was risky to others.