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United States stocks snap 3-day losing streak in roller coaster week

13 August 2017

He added that in China, the USA and South Korea, stocks that are showing the biggest declines since the rise of tensions between the US and North Korea are the companies that have risen most since June.

Copper traded at $2.912, down 0.25%, while natural gas tacked on 0.23% to $2.991.

A spokesman for the Korean People's Army said in a statement that it was "carefully examining" plans for a missile attack on the U.S. Pacific territory, which has a large American military base. The expanded index S&P 500 rose 0.1 % to 2441,32 points. That lifted the year-on-year increase in the CPI to 1.7% from 1.6% in June. On Thursday, DoubleLine Capital CEO Jeffrey Gundlach noted that gold's chart had a cup and handle pattern, and said it was "one of the most bullish" chart patterns out there.

The focus on North Korea largely overshadowed a Labor Department report showing an unexpected drop in U.S. producer prices in the month of July.

The world equity markets have lost 1000 billions of dollars of funding since the beginning of the verbal sparring between the United States and North Korea.

Trump's comments came after reports that North Korea has spurned a new round of sanctions approved by the UN Security Council.

What You Need to Know About the Solar Eclipse
Eclipse viewing glasses also will be provided on a first-come, first-served basis on the library plaza, the news release said. You can now take off your eye protection and look at the eclipsed sun because, at this point, daylight has faded into night.

Others believe North Korea has no intention of backing down.

Still, there were fewer signs of anxiousness in the markets Friday.

Though Hanke said he did not expect a sustained sell-off in riskier Asian assets, he added "safe assets, as a class, are probably underpriced at present".

SALES SLUMP: J.C. Penney sank 18.9 percent after the struggling department store chain reported quarterly results that fell short of Wall Street's expectations.

The yen tends to benefit during times of geopolitical or financial stress as Japan is the world's biggest creditor nation and there is an assumption that Japanese investors will repatriate funds should a crisis take place.

The dollar index fell 0.32 per cent, with the euro up 0.42 per cent to US$1.1819.

Nigeria's president says he feels ready to return home
Buhari also "lauded Nigerian television stations and the media generally", for helping him keep tabs on happenings in the country. I've now learnt to obey orders, rather than being obeyed", lightening up the mood at the meeting.

The tentative gains "suggest that the headline shock value pertaining to the US-North Korea standoff is starting to dissipate, which is to say actual action will now speak much louder than words", said Briefing.com analyst Patrick O'Hare. The common currency had lost about 0.4 per cent overnight after news United States job openings surged to a record in June reinforced Friday's robust payrolls data and supported the greenback.

Benchmark US 10-year notes last rose 6/32 in price to yield 2.1905 per cent, from 2.211 per cent late on Thursday.

At 3:15pm BST, the Comex gold futures contract for December delivery was up 1.09% or $13.90 to $1,293.20 an ounce, as the precious metal extended overnight gains, of almost 2% stateside, with yet another rally in Asia and Europe.

In commodities, oil prices slid on doubts over whether OPEC production cuts are draining a global supply glut.

Crude oil futures are slipping USD0.10 to USD48.49 a barrel after tumbling USD0.97 to USD48.59 a barrel on Thursday.

EPL: Arsene Wenger braced for knife-edge Arsenal season
All our players got a decent number of minutes of good competition, so overall the squad looks good. Wenger added: "For us, Alexis Sanchez is a loss, of course.

United States stocks snap 3-day losing streak in roller coaster week