Wall St opens higher after tepid inflation data

Wall St opens higher after tepid inflation data

Spot gold inched down 0.1 percent to $1,284.64 per ounce as of 0616 GMT, but was set for a weekly gain of over 2 percent. -North Korea tensions and the weak data that further reduced expectations of an interest rate hike in December.

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.

Oil managed to end higher today, after the Energy Information Administration reported a bigger-than-expected decrease in domestic crude inventories last week.

The U.S. equity market is hovering near record levels and volume has been tepid following the onset of summer.

The Topix index of all first-section issues edged down 0.04 percent, or 0.65 points, to 1,617.25 for a weekly loss of 0.87 percent.

North Korea has said it may attack Guam in retaliation.

North Korea said on Wednesday it is considering plans for a missile strike on the U.S. Pacific territory of Guam, just hours after Trump told the North that any threat to the United States would be met with "fire and fury".

In New York, the Dow Jones industrial average plunged 204.69 points to 21,844.01, while the S&P 500 index dropped 35.81 points to 2,438.21 and the Nasdaq composite index slid 135.46 points to 6,216.87.

On Tuesday, President Donald Trump warned North Korea of "fire and fury" in response to recent threats from Pyongyang, which said it was examining plans for attacking Guam, a USA territory in the Pacific with a military base.

Shares of Snap were down as much as 14.23 percent and hit an all-time low following a miss on revenue and daily active users. Germany's DAX was flat, while France's CAC 40 fell 1.1 percent.

Meanwhile, the Russell 2000 index of small-cap stocks finished out the week 2.7% lower, its biggest one-week decline since February 2016.

"I don't think that some of the great leaders that I have admired would have taken that same path", McCain said.

UN Secretary-General Antonio Guterres said he was deeply concerned about the tensions on the Korean Peninsula and was "troubled" by the increase in confrontational rhetoric. These have ranged from an investigation into Russia's possible interference in the 2016 U.S. presidential election, to concern about China's risky debt levels, to stubbornly low inflation in the US. Britain's FTSE 100 added 0.1 percent.

BONDS: Bond prices rose.

Amid the hot rhetoric, USA stocks sold off sharply on Thursday, with the S&P 500 falling more than 1 percent.

CURRENCIES: The dollar slipped to 109.04 yen from 109.26 late Thursday.

In currency markets, the South Korean won was among the worst hit, falling 0.9% to 1,135.18 against the dollar as its Northern neighbour's tough talking intensified.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.22% from 2.20% late Thursday.

In commodities trading, United States crude oil was wallowing around $49 to the barrel amid speculation that a predicted gain in American output will offset OPEC-led efforts to trim a global glut.

Related News:

  • Tom Cruise injured on MI6 set

    Tom Cruise injured on MI6 set

    Cruise was strapped into a safety device during the stunt but fell short when he jumped between the buildings. Cruise explained , "I was hit by a tiny particle from the runway and I literally thought it broke my ribs".
    Muslim woman paid 27million after police officer forcefully removed her hijab

    Muslim woman paid 27million after police officer forcefully removed her hijab

    Powell made several requests for a female officer to search her and was denied requests to continue wearing her hijab in custody. Powell was the passenger, but was arrested after police found a warrant under her name for a shoplifting incident.
    Guam residents warned about nuke blast if North Korea attacks

    Guam residents warned about nuke blast if North Korea attacks

    The governor of Guam, Eddie Baza Calvo, said there had been no change to the threat level on the island, despite the harsh words. USA bombers have flown over the Korean Peninsula several times to show American strength after Pyongyang's missile tests.
  • Rams Beat Cowboys 13-10 in 2017 Preseason Opener

    Rams Beat Cowboys 13-10 in 2017 Preseason Opener

    Harvey said an example was proof that photographs were taken by Thompson the same day she alleged that she was injured by Elliott. The No.1 overall pick of the 2016 NFL Draft played in seven games as a rookie, and he didn't appear ready to be an NFL starter.
    Celebrities Weigh In On Taylor Swift's Trial On Twitter

    Celebrities Weigh In On Taylor Swift's Trial On Twitter

    Taylor Swift is claiming that Mueller grabbed her just beneath her skirt and one of her security guards witnessed it. Taylor Swift's sexual assault trial against former radio DJ David Mueller will begin its third day in Denver today.
    People in White House working to eject Donald Trump - Scaramucci

    People in White House working to eject Donald Trump - Scaramucci

    Furthermore, Trump's advisers are "reluctant to tell him the truth", he said. Scaramucci had served less than two weeks in Trump's administration.
  • Central Intelligence Agency  chief: No indication of imminent nuclear war with N. Korea

    Central Intelligence Agency chief: No indication of imminent nuclear war with N. Korea

    He conducted two in July, so it wouldn't surprise me if there was another missile test, ' Pompeo said on Fox News Sunday. Pacific island of Guam, 2,175 miles away. "This administration has made our policy very clear".
    Death toll from H1N1 reaches 23

    Death toll from H1N1 reaches 23

    A resident of Bargarh, died of swine flu during treatment at VIMSAR at Burla in Sambalpur district today. While most private hospitals sent samples to Delhi, it took long before the reports were received back.
    Just in: PHOTO: Buhari meets members of his media team in London

    Just in: PHOTO: Buhari meets members of his media team in London

    Is there a cabal preventing him from returning or holding Nigeria hostage as it was during the Yar'adua administration? The minister said the President exchanged banters with his aides and has not lost his sense of humour.
  • Pep Guardiola claims Premier League spending is 'unsustainable'

    Pep Guardiola claims Premier League spending is 'unsustainable'

    David Silva then slotted the ball through for Sergio Aguero to apply the finish past goalkeeper Maty Ryan with 20 minutes to go. I saw him on the TV last season, but it will depend on how he and the other players adjust to the Premier League .
    Fighters and Indian soldiers killed in Kashmir clash

    Fighters and Indian soldiers killed in Kashmir clash

    Indian security forces have launched a massive offensive against militants, killing 135 of them this year. The militants fired at the Army building in Kalaroos area during the night, a police official said.
    Borussia Dortmund suspend forward, Dembele 'until further notice'

    Borussia Dortmund suspend forward, Dembele 'until further notice'

    Dembele has reportedly agreed a five-year deal worth £9m a season with Barca - and rejected overtures from Real Madrid. Borussia Dortmund have confirmed that they have extended Ousmane Dembele's suspension " until further notice ".


Most liked

Bryce Harper suffers bone bruise in knee
Joe Panik had three hits, including a two-run single in a three-run second that also included Gorkys Hernandez's RBI single. That's what we usually do when things are in a bad way. "I'm asking for prayers that it's not serious", Baker said.

Duterte calls for united ASEAN, collective success
However, he added, "Frankly speaking, I was disappointed when I heard your remarks in the EAS foreign ministers' meeting today". The Kono statement represents the sincerity of Japan, Wang said.

Trump warns North Korea US is 'locked and loaded'
In response, North Korea announced a detailed plan to fire ballistic missiles towards Guam, a US territory in the Pacific. In response, Mr Trump said North Korea should expect "big, big trouble" if anything happened to Guam.

Asian stocks slump on profit-taking amid US-NKorea tensions
Computer hardware stocks rebounded following recent weakness, with the NYSE Arca Computer Hardware Index climbing by 1.4%. Unease over the situation pushed the VIX, a measure of how much volatility investors expect in stocks, up 44.4 percent.

Usher herpes accuser backed by hotel employee witness
In a report from TMZ , a supposed employee at the hotel says that Usher did indeed make his way to the hotel to meet Sharpton. His people say when the two weren't enjoying free time, it was all business, and they were inseparable.

Usain Bolt injured in his final race in the men's relay
Usain Bolt bows out of mainstream athletics tonight as he runs for the final time at the London Stadium in the 4x100m relay. Host Britain went on to secure gold followed by the USA team including Justin Gatlin .

Outrage mounts over dozens of infant deaths at India hospital
As the Opposition called for the resignation of the Health Minister of state and of UP CM Yogi Adityanath , the hospital chief Dr. Reason behind the drastic incident alleged to be some infections and lack of oxygen supply in the paediatrics ward.

US man arrested for killing mother, sister, another woman with hammer
The friends had taken a trip to attend Carnival in Trinidad and were planning to visit Cuba in the fall. He is scheduled for arraignment on Sunday and is now being kept in Mineola in Nassau County.

US, Japan, Australia urge world to pressure North Korea
The two were reported to have shaken hands at an official dinner event held by the ASEAN (Association of Southeast Asian Nations). The statement also appealed to ASEAN members and China.

Arsene Wenger sends message to Arsenal fans about Olivier Giroud
Giroud got the victor with an 85th-minute header, and he said afterward that Arsenal never doubted they could come back. When pressed if the forward could leave before the end of the transfer Wenger responded emphatically: "No".

Brexit transition would not be way to remain — Hammond and Fox
A source close to Mr Davis said the papers would highlight the British teams were "on the front foot" in the negotiations. The two leading politicians said the government wanted to ensure "there will not be a cliff-edge when we leave the EU".

Tropical Depression Eight forms in the Atlantic
Although there may be some high surf on the coastline this week, the heavy rains and winds of the storm will stay well offshore. It is not expected to develop into a hurricane, as conditions will not be conducive for such development, AccuWeather reports.

Saturday: hit-or-miss storms may still bring locally-heavy rain
By the middle part of the afternoon, spotty showers or storms are possible from the Dallas-Fort Worth area and to the east. Showers will continue on our Saturday evening, but nothing heavy is anticipated in the near future.

Charlottesville Tries To Pick Up Pieces After Day Of Deadly Unrest
Brian Sandoval, denounced violence in Charlottesville linked to a white nationalist rally. The rally had been called to protest the city's decision to remove a statue of Gen.

Philippe Coutinho wants to leave Liverpool for for Barcelona?
I think part of the problem here is that you have to be realistic about these transfers, if he wants to go he wants to go. Roberto Firmino's penalty and a debut goal from Mohamed Salah put Liverpool ahead early in the second half.