FTSE ends down as shares hit by US-North Korea tensions

Judith Bessette
Agosto 13, 2017

Aug 11 (Reuters) - U.S. stocks indexes were higher in afternoon trading on Friday, on track to snap a three-day losing streak, as tepid inflation data brought back investors to riskier assets, despite heightened tensions between the United States and North Korea. "If you think this is just rattling sabers, and it's just words, then you could view this as a buying opportunity".

Stock movers: Shares of Old Mutual fell 1.2% even after the company raised its dividend 32%.

The S&P 500 has hadn't a single day move of more than 0.5 percent since mid-July and has fallen more than 1 percent only twice this year.

"Given the great run we've had, seems like some sort of pullback wouldn't be surprising", said Michael Baele, managing director of investments at U.S. Bank Private Wealth Management.

U.S. stocks deepened their losses following the latest Trump comments, and the S&P 500 volatility index, known unofficially as the "fear index", rose decisively. It slipped Friday but was up more than 50% for the week.

Blue Apron shares hit a record low at US$5.03 after the meal-kit delivery service provider reported a bigger-than-expected loss in its first quarterly report as a public company.

Singapore banks led the decline, with DBS Group shedding 2.2 per cent or 46 cents to $20.80; OCBC Bank fell 12 cents or 1.1 per cent to $11.20; United Overseas Bank Group lost 1.3 per cent or 33 cents to $24.20.

Chelsea vs Burnley, Premier League
He said , "I'm delighted to be joining BT Sport, ' said Lampard, who will be at Wembley on Sunday as Arsenal take on Chelsea ". I am the coach of this team and my aim is to try to improve my players and team".

Earlier in the day, the Office for National Statistics (ONS) reported that overall industrial production rose 0.5% in June on the preceding month, stronger than the 0.1% that the agency had calculated in for its preliminary estimate for the second quarter, after May's production was revised to flat.

A weaker-than-expected July consumer price data also supported the recovery.

US government bonds strengthened Friday as soft inflation data led investors to further scale back expectations for interest-rate increases from the Federal Reserve.

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

The Labour Department said that its Consumer Price Index inched up 0.1% last month, pointing to subdued inflation which could make Federal Reserve policy makers cautious regarding another interest rate hike in 2017. Yields fall when bond prices rise.

Geopolitics aside, investors would also focus on U.S. economic data and monetary policy, with inflation data being released and two Federal Reserve policymakers making an appearance, Erlam said.

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