North Korea talk drags stocks lower; gold, yen rise

Asian shares mixed

Gold prices XAU= rose 0.2 percent to $1,287.30 an ounce, after surging over 2 percent in the previous two sessions to a two-month high.

In New Zealand, the Kiwi Dollar edged higher after the central bank there left rates unchanged at the current 1.75%.

Escalating tensions over North Korea's nuclear ambitions rattled investors Thursday, helping to pull global share benchmarks lower.

Simmering tensions between the U.S. and North Korea have come back to the boil in recent days after Pyongyang disclosed plans to fire missiles over Japan to land near America's Pacific territory of Guam.

European stock markets fell further in opening trade on Friday on intensifying fears over North Korea, dealers said. The reclusive state raised the stakes further with a detailed plan to send a salvo of missiles towards the U.S. territory of Guam.

The dollar index, which measures against a basket of currencies, fell 0.05 percent.

Mounting tensions lifted USA defense stocks.

"I'll tell you why, and they should be very nervous".

Shortly after this announcement, North Korea said it was "carefully examining" the idea of a missile strike on Guam, a U.S. Pacific territory, Reuters reported citing the North's state-run KCNA.

'Let's See' What N. Korea Does With Guam
We're with you 1,000%. "If caught outside, do not look at the flash or fireball - It can blind you". Governor said the people of Guam feel safe.

Declining issues outnumbered advancing ones on the NYSE by a 2.29-to-1 ratio; on Nasdaq, a 2.47-to-1 ratio favoured decliners. The Shanghai Composite Index lost 0.2 percent to 3,275.57 and Hong Kong's Hang Seng was off 0.3 percent at 27,757.09.

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. They are looking for confirmation that the Fed is sticking with plans for a possible December interest rate hike.

At 12:28 p.m. ET (1628 GMT), the Dow Jones Industrial Average was down 52.87 points, or 0.24 percent, at 22,032.47, the S&P 500 was down 2.8 points, or 0.11 percent, at 2,472.12.

Manuel Oliveri of Credit Agricole said about the single currency,"The euro has become more correlated to risk in recent weeks and sentiment is still a bit cautious", adding "though the euro upside trend is likely to remain intact over the longer term".

North Korea has said it may attack Guam in retaliation.

Japan's Nikkei had been down more than 1% overnight while South Korean shares also slipped.

"We would now be careful with a whiff of risk aversion in the air and, by extension, also stay away from shorts in the rates market", RBC's global macro strategist Peter Schaffrik said.

US crude rose 0.43 percent to $48.80 per barrel and Brent was last at $52.01, up 0.21 percent on the day. On commodities markets, oil advanced with U.S. crude nearing $50 a barrel after figures from industry group the American Petroleum Institute showed a sharp decrease in stockpiles, a clear indication of the easing supply glut.

Related News:



Most liked

Paul Pogba addresses his relationship with Man United's new signings
He added: "If you look at the games that he played under Louis van Gaal and now under Jose Mourinho, he's vital". Winning everything! A player has a great season when the team does great.

Beijing slams U.S. 'freedom of navigation' exercises in South China Sea
The operation occurred at an awkward and tense moment, amid the war of words between the United States and North Korea. McCain illegally entered the waters near the Meiji Reef Islands without permission of the Chinese government.

Stock markets extend losses at open
The market was waiting for U.S. consumer inflation data on Friday that would offer more clues about future Fed decisions. The pan-European Stoxx 600 ended over 1% lower to a five-month low with nearly all sectors in negative territory.

Alexis Sanchez is now more likely to consider staying at Arsenal
While Ozil and Ramsey missed the Community Shield, Mertesacker was taken off injured after sustaining a head injury. He's not going to come back and hurt you.

Burnley Stun Nine-Man Chelsea At The Bridge
The 2017/18 Premier League season is finally under way and here's what happened on the opening Saturday... After just 15 minutes, they were also reduced to ten men when Gary Cahill was given a straight red card.

The Standoff With North Korea Ends One of Two Ways
China, which holds enormous financial leverage against North Korea, joined the other members of the council in the 15-0 vote. Alongside the United States, Pyongyang views its neighbors South Korea and Japan as its two other main enemies.

Congress sends invites for Opposition satyagraha in Gujarat
On his part, Congress veteran Ghulam Nabi Azad said NCP chief Pawar was unwell and he had spoken to him ahead of the meeting. The reason, sources said, might be the NCP being miffed with the Congress after it expressed doubt over its integrity.

700k contaminated eggs have been sold in the UK
FSA chairwoman Heather Hancock said: "I'm confident that acting quickly is the right thing to do". Fipronil, which is found in eggs, is used to destroy fleas, lice, ticks and cockroaches.

CNMI governor backs Trump's stance on North Korea
The same system is now set up in Guam, a US territory in the South Pacific that has emerged as a potential target for Kim. Missile defense is an attractive but tricky strategy in dealing with missile threats.

Trisha Paytas has left the building
And Trisha took to Twitter to call her time in the house the "worst experience" of her life. The fallout from her exit will be shown on Saturday night's show on Channel 5 at 10.30pm.

Quarterly Financial Review of Healthcare Realty Trust Incorporated (NYSE:HR)
BidaskClub upgraded Physicians Realty Trust from a hold rating to a buy rating in a research note on Friday, June 23rd. A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock.

One dead when single-engine plane crashes
Police say a man who survived a small plane crash in New Milford , Connecticut was able to walk away from the scene to get help. One of the injured got out of the plane and managed to get nearby residents to call 911, NBC Connecticut reported .

First case of West Nile virus in 2017 reported in Kent County
County officials said containers should be emptied of stagnant water every five days to prevent adult mosquitoes from emerging. The spraying will begin at dusk, weather permitting, and be administered from one of the county's West Nile program trucks.

PDP convention: We can not afford another mistake -Mark
The meeting which holds at the party's national secretariat Abuja is to prepare the party for its non-elective convention selected for Saturday, August 12, at Eagles Square Abuja.

Spice it Up Bigg Boss!
She recently quit the show as she couldn't handle her feelings for a fellow contestant, Aarav, whom she said she was in love with. While an official confirmation about the same is awaited, it will indeed be interesting to see her back on the show.