The 'business president' couldn't even keep CEOs on his side
Trump's Economic Council Implodes As White House Defends Fash
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Top US military officer warns NKorea that US military ready
2 state troopers shot, suspect dead in Fayette County
Korean shares end lower on foreign selling amid tensions over N. Korea
12 August 2017, 11:44 | Kelvin Horton
Major earnings and North Korea worries set to claim the limelight on Wall Street
The dollar slipped to as low as 109.11 yen in early Asian trade on Friday, its lowest level since June 14, when the greenback had fallen to as low as 108.81 yen.
The Dow Jones Industrial Average climbed 0.08% on Friday, Aug. 11, the S&P 500 gained 0.13%, and the Nasdaq added 0.64%.
Stocks are falling in midday trading on Wall Street, led by declines in technology companies and banks.
Positive sentiment was also generated by a report from the Labor Department showing just a modest uptick in consumer prices in the month of July. Top automaker Hyundai Motor fell 2.07 percent to 142,000 won.
Economists had forecast the CPI rising 0.2% in July and climbing 1.8% year-on-year.
Energy stocks retreated 0.5 per cent, despite higher oil prices.
The dollar weakened after news that USA producer prices unexpectedly fell in July, recording their biggest drop in almost a year and pointing to a further moderation in inflation that could delay a Federal Reserve interest rate increase.
Buying interest is somewhat subdued, however, as the ever-escalating war of words between President Donald Trump and North Korea continues to raise geopolitical concerns.
"The geopolitical tensions have prompted a risk off trade amid investors", said Naeem Aslam, chief market analyst at Think Markets UK. Trump is issuing a new warning over the North's development of nuclear weapons. "Hopefully Kim Jong Un will find another path!"
Mike van Dulken, head of research at Accendo Markets, said: "Equities are nursing losses thanks to an unwelcome escalation in geopolitical tensions between the USA and North Korea, both trading nuclear threats that have awoken volatility from its slumber and seen risk assets shunned in favour of the traditional safe havens". Silver rose 1.7% to $16.70 per ounce. The index bounced off its lowest closing level in six months. Travel-review website operator TripAdvisor was down 2.7 percent. The single-session equity put/call ratio jumped to 0.83 - the highest since April - and the 21-day moving average rose to 0.65.
Biotechnology, tobacco, and transportation stocks also saw considerable strength, while steel stocks extended a recent move to the downside. The Standard & Poor's 500 index fell 0.2 percent, to 2,474.92.
The CBOE Volatility Index .VIX , a barometer of expected near-term stock market volatility, closed at its highest since the election.
The selling pressure is hitting major European benchmarks, as well. It is poised to end the week down 1 percent.
In the bond market, treasuries extended the upward move seen over the two previous sessions.
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.
16 opposition parties unite against BJP-led government
Between the two of them, they have accounted for almost 85 per cent of the votes in the last few assembly elections. The Congress, however, said NCP supremo Sharad Pawar had communicated his inability to attend due to ill health.
What Analysts Suggest About FS Investment Corp (FSIC)?
Following the completion of the acquisition, the director now directly owns 34,063 shares in the company, valued at $302,479.44. The stock of FS Investment Corporation (NYSE:FSIC) earned "Market Perform" rating by Wells Fargo on Friday, March 3.