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techkenyot.com August 21, 2017


Dollar falls below ¥110 in Tokyo on North Korea risks

13 August 2017, 04:48 | Hattie Nash

Reuters

Reuters

The Standard & Poor's 500 index fell 5.99 points, or 0.2 percent, to 2,474.92. But if North Korea were to launch missiles toward Guam or Hawaii "that would certainly be more of an escalation" that could potentially roil markets more.

Overnight, MSCI's broadest index of Asia-Pacific shares outside Japan had skidded 1.55 percent, its biggest one-day loss since mid-December, to leave it down 2.5 percent for the week. The yield on the 10-year Treasury note slipped to 2.21 percent from 2.25 percent late Wednesday. The Dow slid 33.08 points, or 0.2 percent, to 22,085.34. Banks and retail chains were also among the big decliners.

The report said labor productivity climbed by 0.9 percent in the second quarter after inching up by a revised 0.1 percent in the first quarter. Dillard's slumped 15.9 percent after the chain booked a loss for the second quarter as increased inventory led to big discounts. Crude oil prices extended their slide as exports from key OPEC producers rose, despite news of lower crude shipments from Saudi Arabia. It soared over 2 percent in the previous two sessions, and is set for a weekly gain of 2.25 percent.

OIL: Benchmark U.S. crude gained 13 cents to $49.69 a barrel on the New York Mercantile Exchange. Brent crude, used to price global oils, gained 40 cents to $52.54 in London.

Mourinho eyes second season glory with Manchester United
And I felt that there was no chance this could happen. "In my other clubs what I had was more players scoring goals", he said. But beneath the unsmiling eyes shone an optimism about the season which was hard to hide from the questioning media.

Other energy futures trading was mixed.

In company news, News Corp shares dropped by $1.00, or 5.4 per cent, to $17.40 after the company reported a full-year loss of $US643 million ($A818 million), courtesy of lower ad revenues in its news business, and writedowns of fixed assets at its Australian and United Kingdom newspapers and its investment in Foxtel. Gold futures, which dipped $2.10 to $1,262.60 an ounce in the previous session, are jumping $18 to $1,280.60 an ounce.

Disappointing economic data releases weighed on both sides of the Atlantic today with a negative goods trade balance for the United Kingdom (-0.1% versus expectations of 1.4%), higher unemployment claims from the USA (244,000) and also a negative month-on-month PPI figure for the U.S. (-0.1%).

The dollar slipped to 109.26 yen from 109.85 late Wednesday.

PSG Move Won't Alter Neymar's Ballon D'Or Chances, Says Tite
Until now it was simply seen as impossible", Klopp told DAZN (via Goal ). "Then there is the list, with the release-clauses for Barcelona ".

"The direction in global equities will likely play a major role in the yen's direction today, while the market will also be interested to see what comes of US CPI data". Britain's FTSE 100 sank 0.7 percent to 7,447.21.

CURRENCIES: The euro was down 0.1 percent at $1.175 while the dollar fell 0.6 percent to 109.68 yen.

"A combination of softer euro zone economic data, solid US reports and market positioning all resulted in a markedly heavier tone for the single currency", Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington, said in a note.

Japan's benchmark Nikkei 225 inched down less than 0.1 percent to finish at 19,729.74.

Mourinho says Manchester United still in the market for a winger
The way I know him and the way he knows me. "I trust he is going to perform, so I think he is a fantastic signing". Matic, now 29 and standing an impressive 6ft 4in tall, wanted to join him in the Theatre of Dreams revolution.

But the S&P Bank sub-sector.SPXBK fell 0.7 percent on dimming prospects of another rate hike this year since higher rates tend to boost bank profits. Australia's S&P/ASX 200 edged down almost 0.1 percent.



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