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12 Agosto 2017, 11:18 | Dolorita Barahona
Daily September U.S. Dollar Index
Global stock markets ended their worst week in months amid rising tensions between the USA and North Korea, though US stock indexes steadied on Friday to close up slightly.
All three USA stock market indices were down Wednesday morning. The Standard & Poor's 500 index fell 0.2 per cent, to 2,474.92.
For the week, the Dow Jones Industrial Average declined 1.1%, and the S&P 500 fell 1.4%.
The VIX, a measure of Wall Streetvolatility, spiked more than 30% Thursday. October Brent crude rose $0.56, or 1.1%, to $52.70. Platinum gained 0.8% to trade at $980/oz while palladium crossed above $890/oz, up more than 1.1%.
The Dow closed down 205 points Thursday, in its biggest decline since May 17, after U.S. President Donald Trump rejected criticism that his threats to release "fire and fury" had been too inflammatory. He told reporters in the late afternoon that he hoped North Korea "fully" understood the gravity of his warning about taking military action against the United States or its allies.
Apple (AAPL.O) pared gains after rising as much as 1.91 percent to an all-time high and provided the biggest boost to all three indexes, while healthcare stocks such as Johnson & Johnson (JNJ.N) were the biggest weight on the S&P.
If North Korea launches an attack that threatens the US, China should stay neutral, but if the US attacks first and tries to overthrow North Korea's government, China will stop them, a Chinese state-run newspaper has said.
"Subdued participation this year and lean positioning suggests that market participants would have to play catch-up on a break higher", she said in a note. Investors, meanwhile, are fleeing to more stable investment markets.
"Heightened geopolitical risks overnight have seen the markets flip from risk-on to risk-off and we have to wait and see how long this move runs before adding some positions", said Viraj Patel, an FX strategist at ING in London.
As well as monitoring the geopolitical backdrop, investors are looking ahead to an appearance Thursday by Bill Dudley, president of the U.S. Federal Reserve Bank of NY, for signs of the Fed's outlook on the economy.
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. Most observers believe the next hike will come in December.
In the eurozone, the Paris CAC 40 dropped nearly 0.7 percent to 5,081.92 points compared with the closing level on Thursday. A rise in expectations for global inflation has left investors generally short of the two currencies and the turnaround in the franc this week by contrast follows its worst week since the Swiss National Bank removed a ceiling on the currency in January 2015.
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Mr Trump's comments sparked a late afternoon selling on Tuesday , with the Dow ending a nine-day streak of closing records. As is often the case in such circumstances, many have looked for assets that are seen as less risky, one of which is gold.