Global stocks selloff stops at Wall Street; gold, yen tick up

Global stocks selloff stops at Wall Street; gold, yen tick up

Global stocks selloff stops at Wall Street; gold, yen tick up

The euro eased 0.1 per cent to $1.1766, staying below a high of around $1.1910 set last week, the euro's strongest level in 2-1/2 years.

Reuters data show a 22 per cent perceived chance for a rate hike after the Fed's December meeting. The stock was the biggest decliner in the S&P 500, losing $155 to $1,893.99.

US 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.

The Standard & Poor's 500 index fell 20 points, or 0.8 percent, to 2,453 as of 10:09 a.m. We should also be aware of the risk of responding to geo-political shocks by selling assets: too often we find ourselves selling at the moment of highest fear, only to be out of the market as a rebound in stock market prices takes place as tensions wind down.

However, an Associated Press report that the USA and North Korea have been engaged in back channel talks (https://apnews.com/686ac7c761694b28b67793a1d8297145?link=mktw) for several months even as they exchange incendiary threats helped to soothe some of the jitters.

The influential financial stocks were among the biggest drags on the index, with Royal Bank of Canada (RY.TO) down 1.0 per cent to $93.36, and Manulife Financial Corp (MFC.TO) falling 2.8 per cent to $24.93.

President Trump to launch investigation into China trade violations
Trump has requested similar inquiries on trade, but the reports haven't been delivered on deadline. The officials said that matter, and the trade issue, are not linked.

Markets began to tumble Tuesday after President Trump promised North Korea will face "fire and fury like the world has never seen" if the country continues to threaten the US.

North Korea said it was considering a missile strike on the US military base in Guam, as US President Donald Trump threatened Pyongyang with "fire and fury".

Nvidia's quarterly revenue in its data center and automotive businesses missed estimates, dragging the chipmaker's shares down 3.90 percent.

Sterling was last trading at $1.3013, up 0.30 percent on the day.

"From a geopolitical perspective, we understand why the escalation in tensions will have shaken some of the complacency out of investors", said Eric Wiegand, senior portfolio manager at U.S. Bank Private Client Wealth Management.

THE QUOTE: While the tough talk about the potential for war is scary, investors have heard it many times before.

Fargo Public Library to host two solar eclipse events
The main show begins at 1 p.m. and will cover the path of totality the eclipse will take across the United States, from OR to SC . If you received this email from Amazon, there are other places to purchase eclipse glasses.

Stocks ended more than one percent down in Seoul while the won slumped to a three-week low against the dollar as the USA president and South Korea's volatile neighbor dramatically ramped up their war of words.

When prices of bonds rise, yields fall.

The dollar slipped to 109.11 yen from 109.26 late Thursday.

The euro slid 0.3 percent to 129.34 yen, and fell 0.1 percent against the dollar to USD 1.1743.

OIL: Benchmark U.S. crude rose 23 cents to settle at $48.82 a barrel on the on the New York Mercantile Exchange. The Dow shed 0.2 percent.

The local currency closed at 1,142.00 won against the US dollar, down 6.80 won from the previous session's close. Brent crude was up 80 cents at $53.50 a barrel and USA crude was up 60 cents and back up to $50.

Don't tell us what to do, PH tells countries on sea dispute
Cayetano reiterated that while they have the same goals as the previous administration, they are using a different strategy. Beijing claims 90 percent of the South China Sea, which is believed to hold a wealth of untapped oil and gas deposits.

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