techkenyot.com
techkenyot.com August 19, 2017


Russian stocks undermined by tensions between USA and N.Korea

13 August 2017, 07:04 | Hattie Nash

US gold futures for December delivery was mostly unchanged at $1,290.50 per ounce

US gold futures for December delivery was mostly unchanged at $1,290.50 per ounce

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.

LONDON, Aug 11 (Reuters) - The dollar was pinned close to an eight-week low against the yen on Friday as escalating tension over North Korea dominated currency markets thinned out by the summer holidays in Europe and the United States. The S&P 500 dropped the most since May and MSCI's gauge of stocks across the globe lost 1.1 percent in its third straight day of declines, as it pulled further back from all-time highs.

A small rise in a measure of USA consumer prices pointed to benign inflation that could make the Federal Reserve cautious about raising interest rates again this year, which would be favorable to equity investors.

Japanese markets were closed for a holiday, but the tense mood dragged Asian shares lower and an MSCI index of stocks across the globe was on track to post its largest weekly drop since the week before Donald Trump won the US presidential election in November.

The Dow Jones industrial average closed up 14 points, a gain of 0.07 percent, the Nasdaq composite rose almost 40 points or 0.64 percent and the S&P 500 gained 3 points or 0.13 percent. The 1.3 percent gain for the market's main other choice for borrowing to fund speculation, the Swiss franc against the euro, is its biggest rise in more than a year.

How Kate Middleton's 'George' necklace is a tribute to Princess Diana
However, according to Vanity Fair, Diana's necklace consisted of a gold disc with the word " William " written on it. But, as it turns out, a very similar necklace was given to Princess Diana by Prince Charles in the 1980s.

South Korea's KOSPI fell 1.7 percent on Friday to its lowest level since May 24, but its losses for the week are a relatively modest 3.2 percent. "The market is interpreting it as lowering the odds of the Fed raising rates in December", said Keith Lerner, chief market strategist at SunTrust Advisory Services in Atlanta.

"If earnings can stay strong and interest rates remain low investors can look beyond North Korea and continue to rally equities", Phipps said. The Korea tensions though have seen both USA and European markets this week push back expectations of when the Fed and ECB might hike interest rates.

The yen tends to benefit during times of geopolitical or financial stress as Japan is the world's biggest creditor nation and there is an assumption that Japanese investors there will repatriate funds should a crisis materialise.

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

It had retreated to trade nearly flat on the day at 109.17 yen per dollar by 0711 GMT but was still 0.2 percent stronger against the euro at 128.28 yen.

Banco Bilbao Vizcaya Argentaria, SA (BBVA) — Traders Focused Stock
Ameriprise Financial Inc. increased its position in shares of Banco Bilbao Vizcaya Argentaria SA by 2.1% in the first quarter. Banco Bilbao Vizcaya Argentaria SA presently has a consensus rating of "Hold" and a consensus price target of $9.75.

"More likely than anything else, the price action was a function of an overextended USA equity market that has been in need for a healthy correction off record highs", LMAX Exchange analysts said in a morning note.

Morgan Stanley analysts raised their forecasts for the euro in a note sent to clients late on Thursday, predicting the single currency would rise to $1.25 in the first quarter of next year and reach parity with sterling for the first time. The 30-year bond last rose 28/32 in price to yield 2.7759 percent, from 2.818 percent late on Wednesday.

Spot gold added 0.7 percent to $1,286.00 an ounce. Its weekly gain of 2.6 percent is the largest since June 2016.

Amid the hot rhetoric, USA stocks sold off sharply on Thursday, with the S&P 500 falling more than 1 percent.

Christian Hackenberg report card: How'd Jets' QB look vs. Titans?
The good: Hack started 14-for-18 where the only incompletions were three drops and a pass tipped at the line of scrimmage. McCown showed deep-ball accuracy, hitting Robby Anderson on a 53-yard bomb - something we haven't seen in training camp.



Other News

Trending Now

Trump makes false claims about USA nuclear arsenal
We all know that President Trump doesn't think very highly of most mainstream polls in America. "Alarming thing to lie about". Popular Video This young teenage singer was shocked when Keith Urban invited her on stage at his concert.

KCG Holdings Inc. Invests $382000 in Vista Outdoor Inc. (VSTO)
State of Alaska Department of Revenue acquired a new stake in Vista Outdoor during the first quarter worth approximately $129,000. On March 28 Cowen & Company kept the company rating at "Market Perform" but moved up the price target to $56.00 from $50.00.

Jose Mourinho looking for more goalscorers at Manchester United
They need to hit the ground running. "I am very happy to have him because he is one of those players with no question marks". I don't see Jesus being as prolific and might have to play out wide with Aguero central, so they will share the City goals.

Newspaper: China should stay neutral if N. Korea fires first on US
This scenario does not come as a surprise to the world community as both the countries have always been engaged in a war of words. But if North Korea escalates, the US must be prepared to escalate to massive disarming strikes, including use of nuclear weapons.

Global stocks shudder on Trump warnings to North Korea
Dillard's slumped 15.5 percent after the chain booked a loss for the second quarter as increased inventory led to big discounts. The CBOE Volatility Index, a barometer of expected near-term stock market volatility, closed at its highest since the election.

Chelsea 'lost heads', says Conte after shock loss
The game between Swansea and Southampton had no goals, while Wayne Rooney bagged the victor as Everton saw off Stoke City 1-0. It's obvious because the linesman is on the line. "I'm trying, no, I'm doing my best every day".

Jose Mourinho "happy" with Romelu Lukaku, Nemanja Matic displays
Speaking on BT Sport, Scholes said: "I really like the Matic signing". "It is just how he uses that talent in the team". We want to be competitive and we want to fight for the title again.

Jose Mourinho hoping to continue second-season success record with Manchester United
Speaking on "The Keys & Gray Show", Moyes said: "I've said it many times, we tried to talk Gareth Bale out of going to Real Madrid ".

Westlake Chemical Corporation (NYSE:WLK) Earning Somewhat Favorable Media Coverage, Report Finds
UBS Asset Management Americas Inc. raised its position in Westlake Chemical Corporation by 25.6% in the fourth quarter. Canada Pension Plan Investment Board reported 0.03% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC).

Moto X4 images along with it's specs leaked online
As for availability, we're not sure when the Moto X4 will go on sale but we'll let you know as soon as we have more information. Now, the press renders of the Moto X4 have been leaked contributing to the already outpouring news related to the smartphone.