OPEN: Lower Call On North Korea Threat; Gold Falters

Global uncertainty pushes gold

Germany's DAX index and the CAC-40 in France are likely to fall by around 0.6%, according to IG, with the blue-chip SMI in Zurich priced for a 0.8% decline.

The FTSE 100 has extended its slump after United States president Donald Trump ramped up rhetoric against North Korea, saying his earlier threat to unleash "fire and fury" on the country "wasn't tough enough".

"We're through most of the earnings season and the valuations [in the stock market] become a bit problematic when you have something like North Korea come up", said Maris Ogg, president at Tower Bridge Advisors, as quoted by CNBC. The European single currency traded as low as 1.1719 overnight, a level it hasn't seen since July 28, before paring loses to around 1.1740 by the start of trading on the Continent. Thus, investors were switching from stocks to safe-haven options.

Stifel Nicolaus Reaffirms "Hold" Rating for Crocs, Inc. (NASDAQ:CROX)
Comerica National Bank & Trust holds 78,298 shares or 0% of its portfolio. 701,522 are owned by Ny State Common Retirement Fund. On May 10 the company was changed to a "Buy" in a report from Sterne Agee CRT which is up from the previous "Neutral" rating.

General Kim Rak Gyom, the head of the country's strategic forces, declared that Trump was "bereft of reason", in a statement that could rile the USA president.

In Asia, the Japanese Nikkei 225 index is down 0.1%. This was much slower than the 19.1% increase seen in June.

Wall Street ended substantially lower on Thursday, as the Dow Jones Industrial Average fell 0.9%, the S&P 500 ended 1.5% lower and the Nasdaq Composite ended down 2.1%.

Coinbase becomes bitcoin's first unicorn as it raises $100M in new round
Founded in 2012, Coinbase offers an online platform that allows merchants, consumers and traders to transact with bitcoin. Open a GDAX office in New York City, further investing in the capacity to serve institutions and professional traders.

'The tension between the U.S. and North Korea is still dominating the news and it is looming over the financial markets.

Old Mutual declared a first interim dividend per share of 3.53 pence, but noted it is taking a "conservative approach" towards setting its full-year dividend due to the need for capital management as it pursues a demerger of its various operations.

Facebook unveils Watch, a new platform for discovering new shows
According to reports , approximately 40 shows will be included in the first stage of programming scheduled to debut on august 28. Watch will available to select users initially in USA and will be rolled out to all (only in US) in coming few weeks.

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