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prensaestatal.com Agosto 16, 2017


North Korea talk drags stocks lower; gold, yen rise

13 Agosto 2017, 02:43 | Dolorita Barahona

North Korea's Impact on Your investment Portfolio

North Korea's Impact on Your investment Portfolio

But in the US, Wall Street stocks rose as investors waded back into the market following a three-day sell-off, with high-flying technology companies like Apple and Microsoft doing especially well.

The Dow industrials rose 14.31 points, or less than 0.1%, to 21858.32 on Friday.

At 10:34 a.m. ET (1434 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 70.95 points, or 0.47 percent, to 15,146.38.

The dollar index, which gauges the greenback against the currencies of six major United States trading partners, was last 0.2% down on the day during afternoon European trading hours - it stood at 93.20.

Still, the S&P 500 is on track to post its biggest weekly loss in about nine months.

The Swiss Franc is now lower against the US Dollar but managed to hold onto the majority of gains made yesterday in the aftermath of elevated political tension between North Korea and the United States. "Limited news flow is what can be blamed for the narrow trading ranges, but expect this to change as we get closer to Friday's U.S. CPI release".

BAD LOOK: Investor concerns about slowing growth in Nvidia's data center business weighed on the company's shares, even though the maker of graphics chips posted earnings that beat expectations. It slipped Friday but was up more than 50% for the week.

Fawad Razaqzada, technical analyst at FOREX.com, said geopolitics will continue to dominate investor sentiment over the short-term.

Shares of United States department stores Kohl's and Macy's were weak after their results.

Separately, U.S. producer prices unexpectedly fell in July, recording their biggest drop in almost a year, weighed down by declining costs for services and energy products.

UNDERCOOKED: Blue Apron slumped 17.1 percent after the meal kit seller reported a sequential decline in customers in the second quarter due to a planned reduction in marketing. We should also be aware of the risk of responding to geo-political shocks by selling assets: too often we find ourselves selling at the moment of highest fear, only to be out of the market as a rebound in stock market prices takes place as tensions wind down.

Overall it has been a strong stretch for corporate profits. Economists had expected prices to rise by 0.2 percent.

USA government bonds strengthened Friday as soft inflation data led investors to further scale back expectations for interest-rate increases from the Federal Reserve.

The greenback also came under pressure after New York Federal Reserve President William Dudley cautioned it would "take some time" for U.S. inflation to reach the bank's two percent target, the latest warning price pressures remain muted.

Bond prices, which move inversely to yields, closed higher.

U.S. producer prices Thursday disappointed, as traders await consumer price inflation figures later Friday.

Aside from geopolitical concerns, gold-focused investors are awaiting U.S. inflation data set to be released on Friday (August 8).



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