Stocks slide on continued concern over tension between United States and North Korea

Shares of US department stores Kohl's and Macy's were weak after their results.

"The data confirms the Fed will have a wait-and-see attitude", said King Lip, chief investment officer at Baker Avenue Asset Management in San Francisco. The Japanese markets were closed for a holiday.

"Meanwhile, Trump knows that a conflict in North Korea could risk a huge amount of casualties and a huge humanitarian crisis on China's doorstep".

Baker Avenue's Lip said the US market was higher due to "bargain hunters", but "there's more room for the market to come down".

Investors have been jittery about North Korea since Tuesday when Trump said any threats from Pyongyang would be "met with fire and fury like the world has never seen". But for the week the S&P 500 lost 1.3 percent, its worst weekly showing since March. MSCI's broadest index of Asia-Pacific shares outside Japan closed 1.48 percent lower.

Shares of J.C. Penney (JCP) are moving sharply lower in pre-market trading after the department store operator reported a wider than expected second quarter loss despite better than expected revenues.

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"Pretty remarkable, perhaps even extraordinary, considering", said Tim Ash, strategist at fund manager BlueBay.

Shares of Kura Oncology (KURA) are moving higher in pre-market trading after the biopharmaceutical company priced a public offering of 7.7 million shares of its common stock at USD6.50 per share.

"It's just a classic risk-off day", said Greg Anderson, global head of foreign exchange strategy at BMO Capital Markets in NY.

European markets also slid in early trade after Wall Street indices suffered their biggest losses in almost three months Thursday, while the dollar struggled to recover from eight-week lows below 109 yen as investors fled to safe haven assets.

The Standard & Poor's 500 index fell less than a point to 2,474, making up much of the ground it lost earlier. Korea's Kospi stock benchmark lost 1.1% while USA stock futures were losing ground ahead of Wednesday's open (http://www.marketwatch.com/story/us-stock-futures-pull-back-on-rising-north-korea-tensions-2017-08-09).

"If the data continues to come in on the softer side, the market might start to price the Fed staying on hold this year", said Sireen Harajli, FX strategist at Mizuho in NY.

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Global benchmark Brent also fell 0.9 percent to $51.44, after Thursday's 1.5 percent drop. While the German DAX Index closed just below the unchanged line, the U.K.'s FTSE 100 Index and the French CAC 40 Index both tumbled by 1.1 percent.

U.S. Treasury long-dated yields dropped to six-week lows, pressured by U.S.

"There are four more (inflation) prints between now and the December FOMC meeting and we expect the Fed to remain data-dependent, if a touch more cautious", said TD Securities in a research note. Core prices had also been expected to climb by 0.2 percent.

The 30-year bond last /32 in price to yield 2.7933 percent, from 2.794 percent late on Thursday.

Offsetting the declines was a 0.4 percent gain by the materials group, which includes gold producers.

Ongoing global glut concerns lingered in oil markets despite a bigger-than-expected draw in US crude inventories.

Arsenal vs Leicester City
Arsenal manager Arsene Wenger has urged one of his players to follow in the footsteps of former Manchester United striker Zlatan Ibrahimovic.

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

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