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techkenyot.com January 23, 2018


S&P falls 1.4 percent in safety flight on North Korea tensions

13 August 2017, 11:08 | Hattie Nash

S&P falls 1.4 percent in safety flight on North Korea tensions

S&P falls 1.4 percent in safety flight on North Korea tensions

Asian stocks steadied and U.S. Treasury bond prices fell slightly on Thursday as the risk aversion triggered by tensions between the United States and North Korea began to settle.

Trump was responding to North Korea's claim it was completing plans to fire four intermediate-range missiles over Japan to land near the US Pacific territory of Guam.

In New York, the Dow Jones industrial average fell 36.64 points to 22,048.70, the S&P 500 index inched down 0.90 of a point to 2,474.02 and the Nasdaq composite index lost 18.13 points to 6,352.33.

Oil prices steadied after slumping more than 1.5 percent overnight on oversupply concerns and the move lower on Wall Street, Reuters reported.

Japanese financial markets will be closed Friday for a national holiday.

Matsuyama And Kisner Lead USPGA
He still hit the ball so well that he grabbed two birdies late in the round that enabled him to keep the damage to a minimum. Matsuyama, who had seven birdies in all, is tied at the top of the leaderboard with Kevin Kisner at 8-under 134.

Stocks in London are seen opening lower on Friday as investors keep a wary eye on heated rhetoric between the United States and North Korea, while in corporate news Old Mutual reported a substantial rise in interim profit.

The greenback slipped 0.83 per cent to a near two-week low against the Swiss franc and fell to 110.11 yen, its lowest in almost two months against the Japanese currency.

In more back-and-forth between President Trump and North Korea, Pyongyang General Kim Rak Gyom, leader of the country's strategic forces, said that "sound dialogue is not possible with such a guy bereft of reason and only absolute force can work on [Trump]".

In Hong Kong, shares ended lower, but developers provided support. The Russell 2000 index of smaller-company stocks picked up 1.69 points, or 0.1 percent, to 1,374.23.

Until this week, the equity market had managed to shake off negative news, including previous saber-rattling over North Korea and failures in Washington to pass high-profile bills, such as repealing and replacing Obamacare. The S&P 500 fell 1% Thursday but is still up around 9% so far this year.

Pass Attempt Breakdown Of Steelers QB Joshua Dobbs Against Giants
Orleans Darkwa - not starter Paul Perkins - gained the most traction among Giants running backs (three rushes for 18 yards). If you didn't get a chance to catch any highlights of the Steelers-Giants game, here's what that sack looked like.

In European markets, the French CAC 40 was down 0.3% and Frankfurt's DAX 30 shed 0.8%.

Note: U.S crude inventories last week fell by -7.8m barrels, more than expected, but gasoline inventories rose unexpectedly. As well, producer prices in Japan rose 0.3% on month in July, a tick higher than the 0.2% gain seen and at a 2.6% gain on year, also beating expectations.

The US Consumer Price Index (CPI) edged up 0.1% last month after staying flat in June and falling by 0.1% in May.

Retailers slid after department stores Macy's and Kohl's both said same-store sales continued to decline in the second quarter.

Shares of Blue Apron Holdings fell 17% after it said it lost more money than analysts had expected in its first quarterly earnings report since going public in June.

PGA Championship: Kevin Kisner clinging to one-stroke lead
He finished the tournament at 8 over, three shots off the cut line. "Sometimes, I get a little too aggressive, like on 18". That's what I'm looking to do here". "I'm going to keep it mellow and relaxed like it's been the first two days".

The FTSE 100 firm announced in March past year that it would run its US-based asset management operation, its UK-based wealth unit, an emerging markets division and Nedbank in South Africa as separate businesses.



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