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12 August 2017, 09:49 | Kelvin Horton
(EDITORIAL from Korea JoongAng Daily on Aug. 7)
The stock exchanges in NY saw tiny losses at the end of trading on Tuesday, while Dow-Jones Index and S & P 500 earlier notched new records. "We do believe the trend is still up". U.S. bond prices also rose while gold closed at its highest for the week up 1.52% to $1281.
Canadian Tire Corp Ltd rose 3.4 percent to C$146.65.
Spot gold was up 0.2 percent at $1,287.90 per ounce at 0042 GMT.
Declining issues outnumbered advancing ones on the TSX by 161 to 87, for a 1.85-to-1 ratio on the downside.
"We experienced volume pressure from both a macro and competitive perspective that impacted our total volume performance within the quarter, and we anticipate this will carry forward for the remainder of 2017", Chief Executive Officer Ralph Scozzafava said in a statement.
Japan is the world's biggest creditor nation and there is an assumption Japanese investors may repatriate their foreign holdings in times of heightened global uncertainty.
"You'd need to see something more tangible than just rhetoric for a broader pullback", Richard Steinberg, managing director at HighTower Advisors in NY. Gold rose 1.2%, while the Swiss franc was on track to post its biggest single day increase against the euro in about two-and-a-half years.
Crude oil prices tumbled on the back of the selloff on Wall Street and lingering concerns over global oversupply. The Dow lost 36 points or -0.17%, the S&P 500 slipped just -0.04% and Nasdaq fell -0.28%.
Politics lifted USA defence stocks. South Korea's Kospi fell 0.2%.
The Vix, a measure of how much volatility investors expect in stocks, jumped to its highest level since May after North Korea revealed a plan to launch ballistic missiles toward a major US military hub in the Pacific. With the sell-off on the day, the Nasdaq and the S&P 500 fell to their lowest closing levels in a month. The consumer discretionary index .SPLRCD was one of its biggest losers with a 0.47 per cent drop.
JAPAN MACHINERY DISAPPOINTS: Orders for machinery in June, considered a leading economic indicator, were slower than analysts had forecast and at their weakest since May 2016.
SeaWorld Entertainment shares lost more than 6 percent. Western Digital advanced 1.6% to $82.30.
Department store operator J.C. Penney (JCP) is also among the companies due to report their results before the start of trading on Friday.
Phoenix Suns reveal new Nike uniforms
For most teams, fans will notice minimal difference aside from the signature swoosh logo at the corner of jerseys. This season also is the first in which teams are allowed one sponsored advertisement on their jerseys.
Mariners' lefty James Paxton leaves game with injury
Seattle built its lead behind home runs by Nelson Cruz and Mike Zunino , both coming off Angels' starter Ricky Nolasco. James Pazos replaced Moore and held the tie by getting the final out with runners at second and third.
Wall St. Lower as Investors Weigh Rising N. Korea Tensions
Asian markets fell sharply, with Hong Kong's Hang Seng index dropping 2%, while United States stocks had ended lower on Thursday. The S&P 500 index was down 18.45 points to 2,455.57 and the Nasdaq composite index was down 68.32 points to 6,284.01.
Al Gore: Trump 'can't be blamed' for North Korean crisis
There are also numerous examples of Trump using his Twitter account to call out leaders, such as North Korea's Kim Jong Un . Oh, and he took some time off the greens today to bring the world to the brink of nuclear war with North Korea .
China to North Korea: Stop tests, resume talks
She said she and Tillerson discussed the cooperation of China and Russian Federation in the process of adopting the resolution. Tillerson is offering his most specific outline to date of what preconditions the USA has for talks with Pyongyang.