North Korea tension hits market as traders seek safety

Traders work in front of the German share price index DAX board at the stock exchange in Frankfurt

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.

Scontro Kim-Trump, Pentagono: "Guerra sarebbe catastrofica"
GLI SCENARI - Se la Corea del Nord dovesse lancia un attacco di minaccia agli Stati Uniti , la Cina dovrebbe rimanere neutrale. Rischiano di perdere la pazienza anche i coreani del Sud , che sarebbero i primi a rischiare grosso.

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".

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.

"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.

Oliver Kay: Premier League elite powerless to stop rise of PSG
Pep Guardiola has praised the speed of Manchester City's summer transfer activity. We bought three and the market is so demanding not just for Manchester City .

Related news:

Hot News

isis-killer-beheading-video-story-top Giroud wins thriller for Arsenal
Aug 12, 2017 - 19:03
When pressed if the forward could leave before the end of the transfer Wenger responded emphatically: "No". Cech initially tipped over Riyad Mahrez's shot but the latter turned provider from the resulting corner.

isis-killer-beheading-video-story-top 'Never sell him' - Arsenal fans react to display of substitute against Leicester
Aug 12, 2017 - 19:03
ARSENAL'S ALEXANDRE LACAZETTE got his Premier League career off to the flawless start against Leicester at the Emirates this evening.

isis-killer-beheading-video-story-top Samsung's next hybrid smartwatch is called Gear Sport
Aug 12, 2017 - 18:44
It will likely run Tizen, since it's not a Galaxy-branded device, and given the name, will likely have sports-centric features. As of now, only a limited information is available about Samsung's next wearable that comes with Bluetooth and Wi-Fi support.

isis-killer-beheading-video-story-top Four injured after light plane flips on landing at Caloundra Airport
Aug 12, 2017 - 18:38
A pilot is in a critical condition following a light plane crash at Caloundra Airport on Queensland's Sunshine Coast. Around 2 p.m., deputies said a woman in the plane walked nearly a mile away and flagged down a passing vehicle .

isis-killer-beheading-video-story-top The Latest North Korean Sanctions Show
Aug 12, 2017 - 18:32
The meeting comes as the USA and Asian nations join together to try to step up Pyongyang's economic and diplomatic isolation. ANTHONY RUGGIERO , Foundation for the Defense of Democracies: For the most part, they target North Korea's export revenue.

isis-killer-beheading-video-story-top America's total eclipse floods market with fake sunglasses
Aug 12, 2017 - 18:27
The ancient Vikings, he said, believed that giant wolves chased the sun and moon and when they caught them an eclipse happened. Along with being able to see the sun completely covered, viewers will be exposed to a partial eclipse as well.

isis-killer-beheading-video-story-top Trump tells Calvo he's behind Guam "1000%"
Aug 12, 2017 - 18:23
He then reassures Mr Calvo, who he describes as a "hell of a guy", telling him the United States military is "rock solid". Trump's contentious calls with leaders of Australia and Mexico in the early days of his administration.

isis-killer-beheading-video-story-top Trisha Paytas has left the building
Aug 12, 2017 - 18:05
The US star made an impromptu exit late on Friday (11 August) night , opting to leave after Karthik Nagesan had been evicted. She then went on to slam Sarah Harding and alleged that CBB have somehow been giving her special treatment in the house.

isis-killer-beheading-video-story-top Where to find safe, affordable eclipse glasses
Aug 12, 2017 - 17:57
Those interested in viewing the solar eclipse can attend a public viewing event on Quincy Hill from 12:30 p.m. - 3:30 p.m. More safety tips can be found at aao.org/eye-health/tips-prevention/solar-eclipse-eye-safety .

isis-killer-beheading-video-story-top Android O tipped to arrive on August 21
Aug 12, 2017 - 16:22
As noted by Google, the latest version is created to work on recent Nexus and Pixel devices running Android 7.1.1 and above. The jump to O will bring new API functionality from Android, "as well as specific features for Android Things".

isis-killer-beheading-video-story-top Dollar slumps, Tokyo tanks as North Korea tensions spike
Aug 12, 2017 - 16:20
It follows two successful tests of an intercontinental missile by the isolated state in July and a series of other missile tests. I think he felt it necessary to issue a very strong statement directly to North Korea ", Tillerson told CNN on Wednesday .

isis-killer-beheading-video-story-top USA stocks slip as North Korea tensions mount
Aug 12, 2017 - 16:14
Wall Street's fear gauge - the CBOE Volatility Index or the VIX - surged 44%, its second-biggest one-day jump of the year. Cempra (CEMP) is leading the biotech sector lower, extending the pullback seen over the course of the previous session.

isis-killer-beheading-video-story-top Over 3000 delegates gather for PDP National Convention
Aug 12, 2017 - 16:12
The policy of no "victor, no vanquished" has been fully implemented by the caretaker committee. Ayim Pius Ayim, Governor of Ekiti state and Chairman of PDP Governors Forum, Mr.

isis-killer-beheading-video-story-top Putney Bridge jogger push suspect eliminated from inquiry
Aug 12, 2017 - 16:11
Eric Bellquist , 41, was arrested by London police on August 10 in connection with the ongoing investigation into the May assault. A man arrested on suspicion of pushing a woman into the path of a bus while jogging has been eliminated from the investigation.

isis-killer-beheading-video-story-top Trump tweets backhanded warning to North Korea, mentions upgraded USA nuclear arsenal
Aug 12, 2017 - 16:05
Trump retweeted news coverage about his heated rhetoric Wednesday. "President Trump has basically drawn a red line". The lawmakers noted that they wrote to Trump in late May raising similar concerns but had not received a response.