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vegassports-odds.com December 16, 2017


Stocks, dollar extend slide as US, North Korea tensions intensify

12 August 2017, 06:11 | Winifred Adams

Daily December Comex Gold

Comex Gold

The S&P 500 dropped 1.4% to 2438.21, while the Dow Jones Industrial Average fell 204.69 points, or 0.9%, to 21,844.01.

The Nasdaq Composite Index plunged 2.1% to 6216.87 and the Standard & Poor's 500 Index dropped 1.45% to 2438.21.

"Tensions are still high and not going away at the moment". "And while risks remain elevated from a geopolitical perspective, valuations are not necessarily excessive, though full".

US President Donald Trump issued a new threat to North Korea, saying American weapons were "locked and loaded" as Pyongyang accused him of driving the Korean Peninsula to the brink of nuclear war.

"It's been a bit of a roller coaster this week, with all the rhetoric between the U.S. and North Korea", said Jeff Kravetz, regional investment strategist at U.S. Bank Wealth Management.

The biggest fallers were G4S down 24.7p to 305.9p, Standard Chartered down 20.9p to 783.1p, Prudential down 44p to 1,841.5p, Shire down 92p to 3,945p. The S&P 500 is set to end the week down 1.4%, its biggest weekly loss since March.

The dollar index slipped to a one-week low on Friday after the United States data.

Volkswagen ticked higher by 0.71% after it had reportedly ended talks on an emerging markets merger with India's Tata Motors. Japan and South Korea vowed a strong reaction if the North were to go through with the plan.

Eagles trade Jordan Matthews and draft pick for corrnerback
The moves reunites Woods and Watkins , giving new head coach Sean McVay more options for still-learning quarterback Jared Goff . Intrigue bubbled beneath the surface with Matthews all spring and summer, as he approached the final year of his rookie deal.

United States drone strikes target al-Shabaab members in Somalia
Somalia's government said President Mohamed Abdullahi Mohamed authorised a "co-ordinated operation with [an] worldwide partner". In May, it announced the first death of a US service member in combat in Somalia since 1993.

Fiat Chrysler Automobiles NV
On average, equities analysts anticipate that Fiat Chrysler Automobiles N.V. will post $2.57 EPS for the current year. Fiat Chrysler Automobiles was issued a new €14.00 ($16.47) price objective on by brokerage firms at Morgan Stanley.

Wall Street's so-called "fear gauge", the CBOE Volatility Index, eased after hitting its highest levels since Election Day on Friday (http://www.marketwatch.com/story/wall-streets-fear-gauge-on-course-for-biggest-weekly-surge-in-2-years-2017-08-11).

Another source of support to bullion was data showing USA producer prices unexpectedly fell in July, pointing to a further moderation in inflation that could delay a Federal Reserve interest rate increase.

A small rise in a measure of U.S. consumer prices pointed to benign inflation that could make the Federal Reserve cautious about raising interest rates again this year, which would be favourable to equity investors.

Retailers slid after department stores Macy's and Kohl's both said same-store sales continued to decline in the second quarter.

USA stocks were on track for their biggest weekly loss in months, shaken by disappointing earnings results and an escalation of threats between the US and North Korea.

An editorial in China's state-run Global Times (http://www.globaltimes.cn/content/1060791.shtml), published late Thursday local time, added to the pressure on Asian markets. They suggest the US and China, a North Korean ally, could work together to de-escalate the situation. He said that North Korea "can be very very nervous" if it acts on either the U.S. or its allies, and warned that "things will happen to them like they never thought possible".

In other news, OPEC said its oil output rose by 173,000 barrels per day (bpd) in July to 32.87 million bpd, led by the exempt producers plus top exporter Saudi Arabia, citing figures it collects from secondary sources.



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