Wednesday, 23 August, 2017

Gold Retreats From Fresh 2-Month Highs, Risk Appetite Remains Dominant

A salesman arranges a gold necklace in a display case inside a jewellery showroom on the occasion of Akshaya Tritiya in Kolkata A salesman arranges a gold necklace in a display case inside a jewellery showroom in Kolkata
Mae Harvey | 13 August, 2017, 01:03

Wall Street put a floor under global equities on Friday after a weak inflation reading brought investors back into US stocks even as tensions between the United States and North Korea continued to escalate, though that tension still drove safe-haven buying of gold and the yen.

Cracks are showing in what has been a virtually non-stop USA equity rally after a rapid escalation of tension between North Korea and the United States this week.

The S&P 500 volatility index jumped again on the latest jawboning in the US-North Korea standoff. Eastern time. The Dow Jones industrial average slid 105 points, or 0.5 percent, to 21,943.

"The latest threats over North Korea have finally escalated to the point where the market has been obliged to react", said Ric Spooner, an analyst at CMC Markets in Sydney. "KOSPI is not expected to fall below the 2,300-point mark".

Disney dropped 3.9 percent, its biggest single-day loss in more than a year, after the media giant reported a weak quarter and said it would pull its movies from Netflix and start two of its own video streaming services.

USA job openings jumped to a record high in June, outpacing hiring, the latest indication that companies are having trouble finding qualified workers.

Shares of Macy's tumbled 10.2 percent and Kohl's was down 6 percent as the companies continued to report a drop in quarterly same-store sales, stoking concerns that their turnaround may still be a long way off.

On Tuesday, stronger-than-expected U.S.jobs data from the Labor Department weighed on gold, dragging prices to the lowest since July 26 at $1,251.01 an ounce.

Venezuelan wants to meet Trump
The Maduro regime is under increasing economic and diplomatic pressure as the political crisis in Venezuela gets worse. Trump recently imposed sanctions on Maduro , accusing him of undermining democracy.

Stephen Colbert is pumped for Scaramucci interview: 'We got The Mooch!'
And I just started The Handmaid's Tale , " Colbert said . "It's going to be fun", Colbert said. "We're gonna be talkin'". I'm going to ask what it's like inside there. "It'll be a lot of fun".

Giant inflatable chicken with golden hair stops by the White House
Tax Day March events this year have featured the chicken during protests of Trump's decision to not release his tax information. Following the flurry of images on social media, a Tax March Chicken Twitter account tweeted: 'This isn't my first rodeo.

Platinum gained 0.7 percent to $973.40 per ounce after hitting its highest since April 21 in the previous session. The stock fell 76 cents to $5.48.

Spot gold rose 0.3 percent to $1,264.50 per ounce at 0324 GMT, while US gold futures for December delivery rose 0.6 percent to $1,270.40 per ounce.

The Russell 2000 is up 15.41 points, or 1.1 percent.

"With European, U.S. and Asian markets all suffering heavily in anticipation of a potential conflict in Asia, it is worthwhile noting that we have heard similar posturing between Trump and Kim Jong Un before", said Mahony. Revenue dropped slightly to $14.24 billion, and adjusted earnings dropped 4 cents per share to $1.58, but beat estimates of $1.55.

Benchmark U.S. crude added 39 cents to settle at $49.56 a barrel on the New York Mercantile Exchange. Brent crude, used to price worldwide oils, added 10 cents to $52.80.

The euro bought $1.1739, compared with $1.1760 late Wednesday in NY. The Nasdaq composite fell 35 points, or 0.5 percent, to 6,336.

In the latest economic data, the consumer-price index (http://www.marketwatch.com/story/us-consumer-inflation-remains-soft-in-july-cpi-shows-2017-08-11) rose a seasonally adjusted 0.1% in July, its fifth straight month of softness, raising more questions about whether inflation will eventually rise to hit the Federal Reserve's 2% annual rate target.

Recommended

  • Disney To Remove All Content Off Netflix!

    Disney To Remove All Content Off Netflix!

    If Disney's direct-to-consumer platforms are successful, Greenfield anticipates that will accelerate ESPN's demise. Disney now uses BAMTech to stream the content, which it now owns a third of but plans to buy a majority stake in.
    Country Star Glen Campbell Loses Battle To Alzheimer's At Age Eighty-One

    Country Star Glen Campbell Loses Battle To Alzheimer's At Age Eighty-One

    "The night I won my first country music award, I got back to my hotel room and there was a fax on the floor", he recalls. It was a farewell song to the people he loved, but with the message that he would be OK as the disease progressed.
    How will Rafa Benitez's Newcastle fare back in the Premier League?

    How will Rafa Benitez's Newcastle fare back in the Premier League?

    Deportivo La Coruna , who sold Perez to Arsenal for £17m only a year ago, are keen to bring the 28-year-old back to La Liga. We know what we need (in the transfer market) and we will try to do this until the end of the window.
  • It looks like Multiplayer Might Finally Come to No Man's Sky

    It looks like Multiplayer Might Finally Come to No Man's Sky

    You'll be able to analyse resources before you start hacking away to gain alternative resources from mining too. Additionally, this game wouldn't be dishonestly marketed the way No Man's Sky was and live up the hype.
    On Guam, The Mood Is Calm Despite Being In North Korea's Crosshairs

    On Guam, The Mood Is Calm Despite Being In North Korea's Crosshairs

    While the 162,000 Guamanians on the island rely primarily on tourism, the US military is also essential to the island's economy. A THAAD battery includes a truck-mounted launcher, tracking radar, interceptor missiles and an integrated fire control system.
    Sharad Yadav Signals Separation, Says There Are 2 Janata Dals

    Sharad Yadav Signals Separation, Says There Are 2 Janata Dals

    Even on way to Muzaffarpur, he was received by Sonepur RJD MLA and other RJD leaders at different places. The JD (U) has distanced itself from Sharad Yadav's tour.
  • Russian military spy jet flies over DC, New Jersey

    Russian military spy jet flies over DC, New Jersey

    S. locations, including Trump National Golf Club in Bedminster, where President Donald Trump is now in residence. Open Skies allows for unarmed aerial surveillance flights over the entire territory of a participating country.
    Transgender service members sue Trump over military ban

    Transgender service members sue Trump over military ban

    About 15,000 transgender people are now serving in the military , according to an estimate from The Williams Institute at UCLA. This includes the June 2016 decision by the Department of Defense allowing them to serve openly.
    European Union  increases bans on North Korea

    European Union increases bans on North Korea

    There was no clear connection between the release of Hyeon Soo Lim and the heightened rhetoric between Washington and Pyongyang . Lim was sentenced to hard labour for life in December 2015 for what North Korea said was an attempt to overthrow the regime.
  • Police body cam footage shows Lowcountry officer being shot by suspect

    Police body cam footage shows Lowcountry officer being shot by suspect

    Paramedics arrived on scene shortly afterwards and were able to save the officer's life despite the serious nature of his wounds. He told WJCL TV that he has nightmares about that day, but that he still hopes to return to work sometime early next year.
    Video shows babysitters putting baby in refrigerator

    Video shows babysitters putting baby in refrigerator

    The juveniles are charged with child endangerment and assault and battery by means of a risky weapon, that being the refrigerator. She says she was showering and left the baby with her and a 14-year-old friend for about a half hour. "Kids do stupid things".
    EPS faction says, appointment of Dhinakaran violates party rules

    EPS faction says, appointment of Dhinakaran violates party rules

    Months after things going smooth in Tamil Nadu, Panneerselvam and Palaniswamy are all set to meet and are in plans for a merger. The AIADMK Amma faction has stated that the appointment of Dinakaran as Sasikala's deputy was done against party by-laws.

Winning ticket sold for Friday's $393 million Mega Millions drawing Winning ticket sold for Friday's $393 million Mega Millions drawing The payout is the largest in almost a year and the fifth largest in the game's 15-year history, according to lottery officials. The odds of winning a jackpot were abysmal - one in 258.9 million for Mega Millions, and one in 292.2 million for Powerball.

Opioids crisis: Trump indicates he could soon declare state of emergency Opioids crisis: Trump indicates he could soon declare state of emergency But we've been checking around with various agencies, the White House, and they just don't quite know yet. The president could ask HHS Secretary Price to declare an emergency under the Public Health Service Act .

Stoneman and Crane make England squad to play West Indies Stoneman and Crane make England squad to play West Indies SQUAD: Root (capt), Ali, Anderson, Bairstow, Broad, Cook, Crane, Malan, Roland-Jones, Stokes, Stoneman, Westley, Woakes.

Spike In Rates At Trump DC Hotel Helped Reverse Expected Losses Spike In Rates At Trump DC Hotel Helped Reverse Expected Losses The GSA owns the lease to the Old Post Office, the building which was later developed into the Trump International Hotel. The only divisions of the hotel that didn't churn a profit were retail, parking, and the Spa by Ivanka Trump.

NYPD officer's bulletproof vest saves his life in Brooklyn shooting NYPD officer's bulletproof vest saves his life in Brooklyn shooting Police said Thursday they're looking for two men in connection with a string of Brooklyn robberies between April and July. When they entered, the suspect opened fire, striking one cop in the right arm; two other shots hit his bulletproof vest.

Tesla autonomous semi-trucks will move in platoons, prototype coming soon With Tesla, there's always something new coming up to keep owners, buyers, and fans excited. The company soon will begin testing a prototype driverless truck in Nevada.

Showers Coming With Humid Weather Showers Coming With Humid Weather More locally-heavy downpours tonight could do the same: some get wet, others get left without much rain at all. The National Weather Service says to expect isolated morning showers with scattered storms around midday.

Bus driver shortage raises ire of Dallas school trustees Bus driver shortage raises ire of Dallas school trustees But once drivers are on Veterans Parkway, which has a grass median, they must stop only for a bus going in their direction. Wait for OK to cross - Wait until the bus driver gives the OK sign or thumbs up to cross the street or get on the bus.

With no Wednesday victor , Powerball jackpot grows With no Wednesday victor , Powerball jackpot grows Annuity is paid out as one immediate sum, followed by 29 annual payments, each 5 percent bigger than the previous one. If no one matched all five numbers plus the Mega Ball in tonight's drawing, the jackpot will continue to increase.

Jordan Matthews Traded to the Bills Jordan Matthews Traded to the Bills The Buffalo Bills and Los Angeles Rams have completed a trade that sends wide receiver Sammy Watkins to Southern California. In exchange for Darby, the Bills will receive wide receiver Jordan Matthews and the Eagles' 2018 third round pick.

Facebook Watch Is Company's New Plan For Online Video Facebook Watch Is Company's New Plan For Online Video The Watch tab and a number of shows will start arriving on some US users' mobile, desktop, and Facebook's TV apps today. Facebook has limited the number of content creators who can take advantage of the program during a testing phase.

South African rand weakens against dollar amid Zuma's no confidence vote South African rand weakens against dollar amid Zuma's no confidence vote Jacob Zuma has been dogged by claims of corruption and mismanagement during his time in office. GRANITZ: Highly charged is one way to describe the atmosphere in South Africa.

Trump resumes taunts of Senate GOP leader over health care Trump resumes taunts of Senate GOP leader over health care On energy, Trump is waiting for the McConnell-led Senate to confirm his nomination of Washington lawyer Kevin McIntyre as FERC chairman.

Low market volatility now, but when it comes it could be huge Low market volatility now, but when it comes it could be huge After a dip of as much as 0.52 percent earlier in the day, Wall Street's three major indexes bounced off intraday lows. About 7.5 billion shares changed hands on US exchanges, well above the 6.25 billion average for the last 20 days.

Ousmane Dembele Suspended By Borussia Dortmund Ousmane Dembele Suspended By Borussia Dortmund Frenchman Ousmane Dembele cut a serious and distant figure during Borussia Dortmund's media day as he ponders Dortmund future. Because the Dream Team game - the UK's biggest fantasy football game - is back and better than ever this season.