North Korea Has Markets Nervous But Not Panicked

North Korea said Wednesday it is "carefully examining" plans for a missile strike on the U.S. Pacific territory of Guam. The Standard & Poor's 500 index fell 0.2 percent, to 2,474.92.

Markets remained concerned over the risk of a U.S. first-strike against North Korean nuclear facilities.

USA stock index futures were lower on Friday as the escalating war of words with North Korea drove investors to seek safety in low-risk assets.

Asian equities extended heavy losses yesterday as a worldwide sell-off triggered by US President Donald Trump doubling down on his North Korea rhetoric showed no sign of abating.

The Dow Jones Industrial Average closed down 204.69 points, or 0.93 percent, at 21,844.01, the S&P 500 lost 35.81 points, or 1.45 percent, to end the session at 2,438.21.

Guardiola says he's not moved by talk that Man City are favourites
We have to deal with that and handle that. "People say in my first press conference we are favourites. "In the next three or four years Manchester City will buy one, two, maybe three players".

The market was also waiting for data that would offer clues about the extent to which the strengthening USA labour market is spilling over into inflation.

The dollar weakened after news that USA producer prices unexpectedly fell in July, recording their biggest drop in almost a year and pointing to a further moderation in inflation that could delay a Federal Reserve interest rate increase. The Nasdaq composite lost 0.2 percent, to 6,370.46.

He has now gone further, saying the warning may not have been tough enough and that if North Korea did what it had threatened, it faced "an event the likes of which nobody's seen before".

The FTSE 100 fell by more than 100 points as global investors continued to act on North Korea-related jitters.

The dollar was flat at 110.08 yen on Thursday, up from Wednesday's low of 109.56 yen, which was the dollar's lowest level since June 15.

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North Korea appears more emboldened than ever, and, due to years of failed American foreign policy, it is closer than ever to possessing the weapons to finally put some bite behind its bark.

The franc's surge against the dollar is likely to flush out some leveraged bets as some hedge funds had used the lower yielding franc as a borrowing currency to invest in others, such as euro assets, in the last three weeks.

"Tomorrow will be telling, as we see if selling continues, and if there are any bargain hunters", Silverblatt said. The 30-year bond was last up 4/32 in price to yield 2.7871 per cent, from 2.794 per cent late on Thursday.

Macy's shares closed down 10.2 percent and Kohl's fell nearly 6 percent as the companies continued to report a drop in quarterly same-store sales, stoking concerns that their turnarounds may still be a long way off.

The price of crude oil dropped more than two percent Thursday, the cost of a barrel falling to $48.49.

Gold Prices Hit 2-Month Highs, Defensive Demand Continues
The dollar pulled back against the euro and other currencies after the Consumer Price Index rose a tame 0.1 percent in July. Australia's S&P/ASX 200 edged down almost 0.1 percent to 5,760.90, while South Korea's Kospi fell 0.5 percent to 2,357.84.

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