So you want to go to the World Series? Brace yourself
US GP: Sebastian Vettel takes new chassis after practice problems
Jose Mourinho must look at Manchester United, not Chelsea, says Antonio Conte
Maeda earns win in relief as Dodgers take NLCS opener — Baseball
Gary Lineker's suggestion for next Leicester manager definitely won't happen
Index slips amid geopolitical tension
11 Agosto 2017, 07:59 | Gerardo Tarin
Stock Market Today
Investors had sold riskier assets after strongly worded exchanges between Washington and North Korea late on Tuesday. The CBOE Volatility Index, or VIX, jumped about 44%.
Cracks are showing in what has been a virtually non-stop US equity rally after a rapid escalation of tension between North Korea and the United States this week. Sabre rattling between Pyongyang and Washington continues after North Korean state media reported authorities are working on plans to fire four missiles near the U.S. territory of Guam, which will be ready by mid-August. Thursday was the worst one-day percentage drop for all three benchmarks since May 17, according to FactSet data.
The futures remained in the red following the release of a Labor Department report showing an unexpected drop in United States producer prices in the month of July.
Politics lifted USA defense stocks.
"We're not very oversold yet so the market still has more downside left to it", said Robert Pavlik, chief market strategist at Boston Private Wealth in NY.
Oil prices closed lower after an early rally faded. The dollar played no major role, as the USD was down just 0.1% to 93.55 on the DXY index. U.S. Defense Secretary Jim Mattis told Pyongyang it should stop any actions that would lead to the "end of its regime and the destruction of its people".
"It's incredible when you consider the headlines just how calm the equity markets are, how they've taken things in their stride", said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.
Down-under, RBA Assistant Governor Kent reiterated that a further rise in AUD (A$0.7888) would result in slightly lower domestic growth - AUD currency appreciation has been more about "dollar weakness and not linked to commodity prices".
Investors, who took the North Korea report from Japan in their stride earlier in the day, lost their appetite for risk after Trump's comments to reporters during his vacation at his golf club in New Jersey. This is surely welcome news after 2016 was the first year in which overall productivity in the US dropped since 1982.
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. Nonetheless, the market appeared to be looking for the flies in the ointment - like a rise in Libyan production - in pushing West Texas Intermediates back below $50 per barrel after briefly exceeding that level.
Nikkei 225 futures were last down 1.83% at 19350 suggesting a weaker opening at Tokyo on Friday.
"The market's dent only lasted for a week in April when tension rose between them after North Korea launched a missile".
The medium-term outlook depends on the BoE - Governor Carney and company is expected to find it hard to hike policy rate given the downside risks to growth.
In commodities trading, United States crude oil was wallowing around $49 to the barrel amid speculation that a predicted gain in American output will offset OPEC-led efforts to trim a global glut. Hong Kong's Hang Seng dipped 1.6 percent to 27,314.74.
Ousted Pakistani prime minister starts 'caravan' to hometown
I don't want power. "You sent me to Islamabad but they (judges) have sent me back to home", he said. "Many days have passed now". Sharif plans to spend at least two nights in as many cities along the Grand Trunk Road while leading the rally from Islamabad .
Chicken protest to torment President Trump
Today's D.C. chicken was perched midway between the Washington Monument and the White House, with no explanation or note attached. The inflatable denizen is on the property legally, as Brar was issued a permit after a long process by the National Park Service.
How major U.S. stock market indexes fared Wednesday
Against that backdrop, Dudley might provide an upbeat outlook and confirm the Fed is on track for a rate hike, said Innes. New York Federal Reserve President William Dudley will speak on wage inequality in the New York region at 10 a.m.
I never wanted Matic to leave Chelsea for United — Antonio Conte
Hazard is widely regarded as one of the best players in the world having been a pivotal figure for Chelsea in the last few years. The stats-based Sky Sports Predictor is back for the new season - and it's tipping Tottenham to win the Premier League title.
How major USA stock market indexes fared Wednesday
Nvidia fell $7.37, or 4.3 percent, to $164.74, while Advanced Micro Devices gave up 71 cents, or 5.5 percent, to $12.12. Avis Budget Group slumped 9.9 percent after the auto rental company cut its guidance following a weak second quarter.