North Korea tension hits market as traders seek safety

Europe's main London, Frankfurt and Paris markets started between 0.5 and 1.1 per cent lower and Germany's ultra-safe 10-year government bonds were trading at their highest prices since June. In economic news productivity, or how many goods and services USA workers produce an hour, rose at an annual rate of 0.9% in the second quarter from the previous three months, the Labor Department said Wednesday.

"The market was bound to go down eventually, and with the Dow in the low 20,000s, this is not a big retreat to worry about", Goldberg said.

After seeming to shrug off the heated rhetoric between U.S. President Donald Trump and North Korea over the last couple of days, investors are becoming more wary as the standoff between the two countries continues ratcheting up, said Michael Currie, vice-president of TD Wealth Private Investment Advice. Geopolitics is a binary wild card that usually only provides a temporary boost to safe-haven assets.

On Thursday, the CBOE Volatility Index, a barometer of expected near-term stock market volatility, closed at its highest since the US presidential election. Toyota Motor shares fell 1.6%, Honda Motor shares fell 1.2%, TDK Corp. shares lost 2% and Advantest Corp. shares were down 2.6%.

The FTSE 100 was 1.16 percent up at 7,304.48 points as of 12:35 BST on Friday, 11 August 2017.

Arsène Wenger praises match-winner Olivier Giroud for staying at Arsenal
A feast of goals opened the Premier League season when Arsenal twice came from behind to beat Leicester City 4-3. Wenger, who has plenty of attacking options in his squad, added: "It's a long time since we had so much quality".

That said, analysts remain bullish on gold for the rest of the year. Wharf shares rose 14%.

Selling was broad. Declining issues outnumbered advancing ones on the NYSE 6-to-1; on Nasdaq, a 3.60-to-1 ratio favored decliners.

US crude oil crude futures CLc1 were little changed at $48.59 per barrel.

"If we saw any movement out of North Korea or if we saw any movements out of the United States..." US crude-oil inventories fell by 6.5 million barrels to 1.15 billion barrels, the Energy Information Administration said.

Sydney was a rare bright spot in Asia-Pacific with stocks closing 0.4 percent up as Australia's biggest bank posted record annual profits. Brent crude, used to price global oils, rose 20 cents to $52.10 a barrel in London. US Defense Secretary Jim Mattis told Pyongyang it should stop any actions that would lead to the "end of its regime and the destruction of its people".

North Korea knows U.S. 'fire, fury' very well
It was the latest and largest cleanup effort undertaken by President Trump's aides since this administration took power. Foreign Relations Committee, warned North Korea about what would happen if it launched a nuclear strike.

"Military solutions are now fully in place, locked and loaded, should North Korea act unwisely".

Australian stock futures slumped early on Friday and other Asian markets looked set to follow as tensions ramped up between the USA and North Korea, sending investors into less risky assets such as gold, the yen and US government bonds.

On the economic front, the Labor Department released a report showing an unexpected drop in US producer prices in the month of July.

Chip maker Nvidia, which is expected to report earnings after the close, fell 3.2% and was one of the biggest decliners in the S&P 500 tech sector.

LG already working on V30 Plus
It is natural that bezels will find little room to spread in the LG V30 Plus , thanks to the Full Vision display as seen in LG G6. The LG V30 is speculated to be unveiled on August 31, a day before the opening of IFA 2017 Berlin which runs until September 6.

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