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techkenyot.com October 21, 2017


S&P falls 1.4 pct in safety flight on N. Korea tensions

13 August 2017, 05:27 | Hattie Nash

Eurasia Group Says Markets Have Ignored N. Korea Risk

Eurasia Group Says Markets Have Ignored N. Korea Risk

"The calming influence on the markets was likely due to US Secretary of State Tillerson signalling military confrontation was not imminent", said Jim Reid at Deutsche Bank, with ex-Exxon Rex saying that "Americans should sleep well tonight, have no concerns about this particular rhetoric of the last few days" while on a plane post a tour of Southeast Asia. "That did temporarily shake investors' complacency, but we think markets are ready to move higher in the back half of the year, and earnings and economic data are going to drive that".

The recovery fit a recent pattern of investors using dips to put more money in stocks.

The Dow Jones industrial average fell 85 points, or 0.2 percent, to 21,962. The S&P 500 is up 9 percent, while the Dow is up 10.6 percent.

The Dow is down 248.80 points, or 1.1 percent.

David Madden, market analyst at CMC Markets UK, said: "European stocks have suffered greatly today as traders were prompted to cut-and-run due to the escalating tensions between the USA and North Korea".

"If you strip away what's going on in North Korea, and if you strip away what's going on in Washington, which are things that are tougher to predict, the economy, the global recovery, earnings, it all paints a very positive picture for the rest of the year", Kravetz said.

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.

US DATA: The other potential driver in markets will be upcoming USA economic data, including monthly inflation figures, which could go a long way to determining expectations for the pace at which the Federal Reserve raises interest rates. "The pot is on the stove boiling but no inflation steam is coming out". The company also said sales at its established stores declined for the fourth straight quarter.

The benchmark USA yield on Thursday was just above 2.2 percent, at its lowest level since late June, as investors bought up Treasuries, a classic safe harbor. The stock fell $3.30 to $30.09.

The biggest fallers were G4S down 24.7p to 305.9p, Standard Chartered down 20.9p to 783.1p, Prudential down 44p to 1,841.5p, Shire down 92p to 3,945p.

J.C. Penney sank 16.6 percent after the struggling department store chain reported quarterly results that fell short of Wall Street's expectations.

The Russell 2000 is down 39.78 points, or 2.8 percent.

Investors have enjoyed a global stock rally with few interruptions this year, something many have attributed to the improving health of US companies and steady global economic growth.

DOT Responds to License Plate Design Controversy
The department also announced the public would get a chance to vote on the replacement plate choices. Officials have unveiled three new options for the state-issued license plates for Iowa motorists.

Bond prices were little changed. Natural gas gained 2 cents to $2.82 per 1,000 cubic feet. Silver gained 1 cent to $17.07 an ounce.

On the currency markets, the pound was marginally higher against the U.S. dollar at 1.30 and up 0.1% versus the euro at 1.11.

Major indexes in Europe closed mostly lower.

The biggest risers on the FTSE 100 Index were Fresnillo up 72p to 1,544p, Randgold Resources up 200p to 7,380p, WorldPay Group up 4.9p to 388.5p, BAE Systems up 7p to 582.5p.

Macy's shares closed down 10.2 percent and Kohl's fell nearly 6 percent as the companies continued to report a drop in quarterly same-store sales, stoking concerns that their turnarounds may still be a long way off. Japan's Nikkei 225 slipped 0.3 percent, while Australia's S&P/ASX 200 lost 0.5 percent.

Cloud Peak Energy Inc. (NYSE:CLD) Stock Rating Lowered by ValuEngine
Bridgeway Capital Management Inc decreased Cloud Peak Energy Inc (CLD) stake by 31.35% reported in 2016Q4 SEC filing. (NYSE:CLD). The value of the investment in (CLD) decreased from $3,696,000 to $3,365,000 decreasing 9.0% since the last quarter.



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