🚀 ProPicks AI Hits +34.9% Return!Read Now

GLOBAL MARKETS-Stocks fall on Trump's North Korea warning; dollar up after data

Published 09/08/2017, 07:03 am
Updated 09/08/2017, 07:10 am
© Reuters.  GLOBAL MARKETS-Stocks fall on Trump's North Korea warning; dollar up after data
EUR/USD
-
XAU/USD
-
US500
-
DJI
-
JP225
-
DX
-
GC
-
HG
-
LCO
-
IXIC
-
US10YT=X
-
US30YT=X
-
VIX
-
FTEU3
-
MIAPJ0000PUS
-
MIWD00000PUS
-
DXY
-

* Oil briefly pares losses late after API data

* Gold turns higher after Trump's North Korea statement

* Global stock index touches record high, ends lower

By Rodrigo Campos

NEW YORK, Aug 8 (Reuters) - An index of stocks across the globe slipped on Tuesday after touching a record high, following U.S. President Donald Trump's warning that North Korean threats "will be met with fire and fury," while the dollar rose against a basket of peers after U.S. job openings jumped to a record high in June.

The S&P 500 turned negative and hit a session low after Trump said North Korea "best not make any more threats to the United States." Pyongyang said it was ready to give Washington a "severe lesson" with its strategic nuclear force in response to any U.S. military action.

"Trump's response was aggressive and that's why the (stock) market turned lower," said Ken Polcari, director of the NYSE floor division at O'Neil Securities.

The iShares MSCI South Korea Capped exchange traded fund EWY.P fell in a volume spike and ended down 0.85 percent.

The Dow Jones Industrial Average .DJI fell 33.08 points, or 0.15 percent, to 22,085.34, the S&P 500 .SPX lost 5.99 points, or 0.24 percent, to 2,474.92 and the Nasdaq Composite .IXIC dropped 13.31 points, or 0.21 percent, to 6,370.46. widely followed measure of market anxiety .VIX jumped late in the day to close at its highest in nearly a month.

The pan-European FTSEurofirst 300 index .FTEU3 rose 0.18 percent and MSCI's gauge of stocks across the globe .MIWD00000PUS shed 0.19 percent after touching a record intraday high.

Emerging market stocks rose 0.29 percent. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS closed 0.13 percent higher, while Japan's Nikkei .N225 lost 0.30 percent.

DOLLAR HOLDS GAINS

The dollar pared gains slightly after Trump's North Korea comments, still supported by the job market data which underscored the view that the Federal Reserve has ammunition to continue on its tighter monetary policy path. A strong jobs report last Friday gave the dollar index .DXY its strongest daily performance this year. job openings data "were certainly the latest metric to highlight tightening labor market conditions in the U.S. and to that extent that's certainly a dollar-positive data," said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange in Washington.

The dollar index .DXY rose 0.23 percent, with the euro EUR= down 0.39 percent to $1.1747. GBP= was last trading at $1.2986, down 0.35 percent on the day.

But the safe-haven Japanese yen strengthened 0.33 percent versus the greenback at 110.39 per dollar.

Benchmark U.S. Treasury yields spiked higher following the jobs data but pared gains after Trump's remarks on North Korea.

The 10-year notes US10YT=RR last fell 3/32 in price to yield 2.2655 percent, from 2.257 percent late on Monday.

The 30-year bond US30YT=RR last fell 6/32 in price to yield 2.8451 percent, from 2.837 percent late on Monday.

Oil prices settled lower after a volatile session on increasing exports from key OPEC producers and news of lower crude shipments from Saudi Arabia. Crude briefly pared losses in late trading after U.S. inventories fell more than expected last week. crude CLcv1 fell 0.55 percent to $49.12 per barrel and Brent LCOcv1 was last at $52.03, down 0.65 percent on the day.

Gold prices turned higher after unease over North Korea, reversing the downward move after the jobs data lifted the dollar. gold XAU= added 0.2 percent to $1,260.26 an ounce. U.S. gold futures GCcv1 gained 0.09 percent to $1,265.80 an ounce.

Copper CMCU3 rose 1.05 percent to $6,481.50 a tonne.

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Global assets in 2017

http://reut.rs/1WAiOSC Global currencies vs. dollar

http://tmsnrt.rs/2egbfVh Global bonds dashboard

http://tmsnrt.rs/2fPTds0 Emerging markets in 2017

http://tmsnrt.rs/2ihRugV

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.