Published: Sun, August 13, 2017
Markets | By Noel Gibbs

Stock Futures Lower Again as North Korea Tensions Intensify

Stock Futures Lower Again as North Korea Tensions Intensify

Growing tension between the United States and North Korea boosted the Swiss franc, the Japanese yen, gold and government bonds as investors sought out traditional safe havens at a time of geopolitical uncertainty.

American and South Korean officials said they would move forward with large-scale military exercises later this month, which North Korea claims are a rehearsal for war.

Dow Jones Industrial Average futures were down 0.23%, S&P 500 futures fell 0.4%, and Nasdaq futures slid 0.66%.

In oil, the price of Brent crude sunk by 0.5% to 51.65 U.S. dollars a barrel amid concerns about over supply in the market.

Geopolitical issue remain the biggest focus after North Korea dismissed comments from President Donald Trump as a "load of nonsense" and said it was outlining plans for a missile strike near Guam, where the U.S. has a military base, in mid-August. Japan was closed on a public holiday.

Currency traders consolidated positions in the Japanese yen and Swiss franc, and nudged up the dollar index by unwinding some of the recent big bets on the euro.

Backlash swift after Democratic congresswoman calls the NRA a security threat
Rice's initial comment referenced the death of Philando Castile , who was fatally shot by police during a traffic stop in 2016. But when one Twitter user raised the point on Thursday, Loesch countered that Castile had not followed the letter of the law.


Overnight, U.S. stocks suffered their steepest decline in three months, hit by fears over North Korea.

The dollar inched lower to 109.99 yen on Thursday, holding above Wednesday's low of 109.56 yen, which was the greenback's lowest level since June 15.

North Korea: While at his golf club in Bedminster, New Jersey, President Trump pledged North Korea would be "met with fire and fury like the world has never seen" amid the country's latest nuclear threats.

In Hong Kong, shares ended lower, but developers provided support.

In other precious metals, silver was almost flat at $16.90 per ounce after hitting its highest since June 15 earlier in the session. Australia's S&P/ASX 200 dropped 1.2 per cent to 5,693.10. On August 9, it rose 1.4% to 11.11.

Tokyo's Nikkei index had dropped 1.3% by the time European stock markets opened on Wednesday morning, with similar falls on the German and French bourses.

Pearson into 100m hurdles final
World record holder Kendra Harrison took the early lead, but Pearson had the American covered by the second hurdle. Her next challenge will be winning a third successive Commonwealth title on home soil on the Gold Coast next year.


Across Europe, the Cac 40 in France slid 1.1% while Germany's Dax was flat.

About 7.5 billion shares changed hands on U.S. exchanges, well above the 6.25 billion average for the last 20 days. Core prices rose 0.1% on the month with the year-on-year rate also at 1.7%.

Oil also regained momentum as data pointed to declining US inventories.

Shares of Snap were off about 13 percent premarket following the social media company's earnings that came below estimates and a slew of price target cuts.

Kohl's, another department store chain, slumped 8.9 percent after reporting that second-quarter sales dipped 0.9 percent compared with the year-ago period.

Until then, lack of supply should make it hard for gilt yields to rise and this should also help gilts out-perform U.S treasuries in the near term.

Team Liquid Wins Dota 2's $24 Million The International Tournament
None other could do so with such persuasiveness and prowess as Team Liquid , the victor of this year's Championship. After all, LFY took down Newbee 2-0 in the group stage, and the upper bracket 2-1 Newbee victory was hard-fought.


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