Global stocks fall on rising unease over North Korea

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.

BlackRock, Inc. (BLK) Investment Increased by Amalgamated Bank
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . State of Alaska Department of Revenue purchased a new stake in BlackRock during the first quarter valued at $108,000.

"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.

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