USA stocks open slightly higher

Traders on the floor of the New York stock exchange after Donald Trump's US election victory 9 November 2016

Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management, said: "While the tough talk about the potential for war (between the United States and North Korea) is scary, investors have heard it many times before".

Traders' screens were in the red in Asia and Europe as investors fled to safe haven assets after US President Donald Trump doubled down on his North Korea rhetoric.

Besides, persistent buying by local jewellers at domestic spot market stoked the uptrend.

Wilmar International slipped 6.4 per cent or 22 cents to $3.20; Hongkong Land lost 2.1 per cent or 16 U.S. cents to US$7.34.

It is "a bullish sign that the equity markets are rebounding somewhat on a Friday, in spite of the fact that investors will need to wait for two days to react to any geopolitical news that comes out over the weekend", said Robert Phipps, a director at Per Stirling Capital Management in Austin, Texas.

The Paris Olympic Games May host the first eSports Tournament
Estanguet also had some thoughts for esports sceptics out there: "We have to look at it because we can't say, 'It's not us".

The pan-European FTSEurofirst 300 index lost 1.01 per cent and MSCI's gauge of stocks across the globe shed 0.26 per cent for a weekly loss of 1.6 per cent, the largest since the week to November 4.

USA stocks closed slightly lower Wednesday, making up much of the ground they lost earlier following a rare batch of earnings disappointments by Walt Disney and other big companies.

London's benchmark FTSE 100 index was down 1.4 percent at the closing bell, also driven lower by losses in the commodity sector.

July's 0.1 percent increase in consumer prices suggests that the Federal Reserve may be less likely to raise interest rates next month.

The Nasdaq composite lost 18.13 points, or 0.3 percent, to 6,352.33.

US, France pledged to work to denuclearize North Korea
All parties must assure North Koreans they we will forego any military action against them if North Korea remains peaceful. It prompted Mr Trump to warn that he would unleash "fire and fury" on North Korea if it did not stop its threats.

About 15 minutes into trading, the Dow Jones Industrial Average had dropped to 21,947.15, down 0.5 percent from Wednesday's close, falling back below the 22,000 mark it first broke through on August 2.

Gold rose to its highest level in nearly two months, while the Swiss franc increased by more than 1% against the U.S. dollar and saw its biggest one-day gain against the euro in more than two and a half years.

J.C. Penney sank 16.6 percent after the struggling department store chain reported quarterly results that fell short of Wall Street's expectations. Other companies were also up; Newcrest Mining moved 2.3%, Resolute Mining 2.1% and Evolution Mining rose 2%.

Tokyo's Nikkei index had dropped 1.3% by the time European stock markets opened on Wednesday morning, with similar falls on the German and French bourses.

"Gold, one of the first ports of call in times of investor anxiety, is now trading 0.56% higher at US$1268/oz", he said. Like gold silver has also seen a rise, reaching a high of $17.24, before finishing 1.1% up at $17.08. Japan was closed on a public holiday.

Futures lower as N.Korea tensions extend to third day
Hong Kong slumped 2.04 per cent, Shanghai slipped 1.63 per cent, Korea shed 1.69 per cent, Jakarta fell 1.03 per cent. Declining issues outnumbered advancing ones on the NYSE 6-to-1; on Nasdaq, a 3.60-to-1 ratio favored decliners.

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