prensaestatal.com
prensaestatal.com Agosto 23, 2017


Safe-haven currencies rise as North Korea tensions brew

11 Agosto 2017, 01:49 | Dolorita Barahona

JIM WATSON AFP Getty Images

JIM WATSON  AFP  Getty Images

In Asia, most stock indexes were pressured as geopolitical tensions re-entered the spotlight on Wednesday and China consumer inflation missed expectations. Banks and utilities had some of the biggest gains.

Mike van Dulken, head of research at Accendo Markets, said: "Equities are nursing losses thanks to an unwelcome escalation in geopolitical tensions between the USA and North Korea, both trading nuclear threats that have awoken volatility from its slumber and seen risk assets shunned in favour of the traditional safe havens". Oil prices were headed higher.

The Standard & Poor's 500 index fell 7 points, or 0.3 percent, to 2,466 as of 11:20 a.m. Wednesday on Wall Street. Lockheed Martin, Raytheon, General Dynamics and Northrop Grumman were all up, with the Dow Jones U.S. defense index up 1.48 percent at 409.58. The Russell 2000 index of smaller-company stocks gave up 4.02 points, or 0.3 percent, to 1,410.15.

Most Asian currencies stumbled, with the Korean won on pace for its biggest fall in almost eight weeks as North Korea warned it is "carefully examining" plans for a missile strike on the US Pacific territory of Guam. While North Korea often threatens to attack the USA, the revelation of this plan was unusual. Oil also regained momentum as data pointed to declining USA inventories.

Japanese stocks finished slightly lower after a choppy session on Thursday, as investors kept a wary watch on tension over North Korea ahead of Japan's long weekend.

Emerging market stocks lost 1.08 percent. Discovery Communications Inc. fell 70 cents, or 2.9 percent, to $23.60.

US stocks closed lower on Tuesday after Trump's comments sparked a late afternoon selling. Netflix lost 1.5 percent.

IN A SKID: Avis Budget Group slumped 6.8% to $31.13 after the auto rental company cut its guidance following a weak second quarter. The stock fell $3.30 to $30.09.

UNDERCOOKED: Blue Apron slumped 12.2 percent after the meal kit seller reported a sequential decline in customers in the second quarter due to a planned reduction in marketing.

Traders snapped up shares in companies that delivered strong quarterly results.

10-Year Treasury Yield 2.24% -0.01%. WTI was last trading at $49.74 a barrel while Brent was at $52.95.

Josh Saul, chief executive officer of London-based The Pure Gold Company, which is among the bullion merchants reporting incremental trading, said: "We've seen a 64% increase in people purchasing physical gold for the first time in recent sessions citing the breakdown of worldwide relations". Most Japanese companies expect the pair to trade between ¥108 to ¥110 this fiscal year.

"Absent actual military action, I think the markets will realize that the rhetoric got head of the actual policy and it is time to calm down a little bit", McMillan said.

Our European opening calls:$FTSE 7509 -0.45% $DAX 12217 -0.61% $CAC 5185 -0.66%$IBEX 10668 -0.62%$MIB 21899 -0.68%. Tokyo's Nikkei 225 tumbled 1.3 percent to 19,738.71 while Seoul's Kospi fell 1.1 percent to 2,368.39. Chinese blue chips closed flat but Hong Kong's Hang Seng fell 0.4 percent.



Otras noticias

Tendencias Ahora

English Soccer is Back Too — Ted's Blog
Mohamed Salah was a great signing for Liverpool , and I'm still very upset that Jurgen Klopp didn't end up Arsenal's manager. Former Manchester United striker Javier Hernandez returns to the Premier League after spells in Spain and Germany.

Newlywed Garcia not on form that brought Masters win
Bevacqua praised Johnny Harris for his leadership in bringing the tournament to Charlotte and the Quail Hollow Club course setup. That said, the golfers who know the course might not recognize it as it underwent major renovations after the 2016 Wells Fargo.

U.S. missile shield not certain to protect Guam from North Korea
The move is intended as a show of force against the U.S.to push back against recent heated rhetoric from President Donald Trump . Their location in a USA territory means its military is just hours from potential flashpoints in the western Pacific.

Markets Right Now: Stocks open lower on Wall Street
While both firms reported strong quarterly revenue gains, they were more cautious about growth prospects ahead. Travel website operator Priceline Group Inc fell 6.9 percent after a disappointing financial forecast.

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.

Is Applied Materials, Inc. (AMAT) a good buy?
RMB Capital Management LLC bought a new position in Applied Materials during the fourth quarter valued at approximately $201,000. A company that manages their assets well will have a high return, while if manages their assets poorly will have a low return.

UEFA Super Cup: Isco strikes as Real Madrid see off Manchester United
We know there is a lot of talent in this team and there is so much hunger too, they always want more", said Zidane after lifting more silverware.

Ex-Liverpool striker Saunders can see Benitez quitting Newcastle
Benitez continued by saying: "I made a decision to stay". 'Come and get us back up - we will give you a good contract. I have to continue sending my players the right message and giving them confidence about what we are trying to do.

Craig Bellamy: Most excited I've been for a Premier League season
Not only will he keep clean sheets for Arsenal, he'll offer an opportunity to score heavily going forward with goals and assists. Crucially, for now, Tottenham has kept hold of Harry Kane and Dele Alli , who combined for 47 league goals last season .

Premier League teams to watch out for this season
If we're more precise with the finishing and get a little bit of luck, winning the league is not out of reach. For the offense, Guardiola got himself right winger Bernardo Silva , from Monaco, for $58 million.