Markets
Gold heads for biggest weekly gain since April
U.S. dairy group Dean Foods dropped nearly 21 percent as its quarterly earnings fell, and the stock received a downgrade from JPMorgan. Gold added $10.80, or 0.8 percent, to settle at $1,290.10 an ounce. secretary of state Rex Tillerson said there was " no imminent threat of war " and that Americans could "sleep well at night". In Asia, several indexes closed lower overnight. [Full Article...]
17 dead, 8 injured in Burkina Faso cafe attack
Communication Minister Remi Dandjinou told journalists that at least 17 people were dead and eight others wounded, according to a provisional toll. Witnesses said three gunmen opened fire on customers seated outside the restaurant around 9.30 pm. [Full Article...]
Japanese Yen Benefits as Geopolitical Tensions Rise
The S&P had been down 0.52 percent at its session low. The benchmark Korea Composite Stock Price Index lost 39.76 points, or 1.69 percent, to 2,319.71. Away from the geopolitical drama, USA inflation data is due at 1330 GMT. The Labor Department said its consumer price index inched up by 0.1% in July after coming in unchanged in June. [Full Article...]
Dow loses more than 100 points amid North Korea tensions
Major indexes in Europe were mixed. It is heading for a 2.5% drop for the week. The Tokyo markets will be closed on Friday for a national holiday and will reopen Monday. Wall Street's fear gauge-the CBOE Volatility Index jumped 36 per cent to 15.06. The Standard & Poor's 500 index rose 7 points, or 0.3 percent, to 2,445 as of 10:59 a.m. [Full Article...]
North Korea tensions continue to weigh on global stocks
The Hang Seng index fell 2.0 per cent, to 26,883.51, while the China Enterprises Index lost 1.9 per cent, to 10,572.97 points. Seven of the 11 major S&P 500 sectors were higher, with the technology's 0.36% rise leading the advancers. The company booked a hefty charge and said its CFO is leaving the company. The stock lost 78 cents to $3.93. On the Nasdaq , 1,440 issues fell and 1,386 advanced... [Full Article...]
First Trust Advisors LP Reduces Position in Fidelity National Financial, Inc. (FNF)
As of the end of the quarter Goldman Sachs Group Inc had disposed of 900 shares trimming its position 4.2%. Chevy Chase Trust Holdings Inc. now owns 7,143 shares of the financial services provider's stock worth $320,000 after buying an additional 53 shares in the last quarter. [Full Article...]
USA stocks fall again on North Korea tensions
The broad-based S&P 500 was hit even harder, dropping 1.5 percent to close at 2,438.22, while the tech-rich Nasdaq Composite Index lost 2.2 percent 6,216.87. The sector was the biggest decliner on Thursday. High-flying technology names suffered outsized losses on the day, with Apple falling 3.2 percent, Amazon 2.6 percent and Facebook 2.2 percent. [Full Article...]
Stocks plunge over North Korea tensions
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 ". "The comments by the State Secretary is a message that nothing important has been decided on North Korea", Haruki Kawaguchi, a manager in the stock trading department at Marusan Securities, told Bloomberg News. [Full Article...]