Futures lower as North Korea tensions linger

Daily December Comex Gold

Daily December Comex Gold

Nervous investors drove shares lower earlier in the week, after President Trump declared Tuesday that the US would react with "fire and fury" to further nuclear provocations from North Korea. "You're less than 2 per cent off the high for the S&P heading into a weekend where uncertainty with North Korea still lingers".

This prompted aggressive comments from North Korea but it was the counter-response from US President Trump on Tuesday in which he employed North-Korea-Style rhetoric which caught investor attention.

Gold hit its highest levels in two months on Thursday as the U.S. and North Korea exchanged more threats, prompting investors to buy bullion as a safe-haven asset. The Standard & Poor's 500 index fell 0.2 percent, to 2,474.92.

The U.S. consumer-price index, set for release before Wall Street opens, will be closely monitored by investors for clues on inflation and the Fed's next move, said Mr. Kamal.

The Dow Jones industrial average closed up 14 points, a gain of 0.07 percent, the Nasdaq composite rose almost 40 points or 0.64 percent and the S&P 500 gained 3 points or 0.13 percent.

Fired engineer James Damore: Google is 'almost like a cult' (GOOG)
Another echoed Damore's criticisms: "I am a moderately conservative Googler, and I am and have been scared to share my beliefs. What is leadership doing to ensure Googlers like me feel *invited and accepted*, not just tolerated or safe from angry mobs?"

"We've had some competing forces play out over the past 12 hours - the USA dollar was stronger off economic data, but that was quickly reversed with President Trump's comments about North Korea earlier today (Wednesday)", said ANZ analyst Daniel Hynes.

Japanese markets were closed for a holiday but the yen powered on, hitting an eight-week high of 108.91 yen to the dollar, adding to its biggest weekly gain since May.

A Reuters Datastream index of more than 7,000 stocks across the globe saw its market capitalization drop from a record high $61.36 trillion on Monday to $60.43 trillion at the close on Thursday.

France's CAC.FCHI dropped 1.8 percent and Germany's DAX.GDAXI fell 1.5 percent.

World stocks fell for a third day on Thursday and investors shifted assets into safe haven currencies the Swiss franc and yen as well as gold.

Blues Reportedly Preparing 2nd Danny Drinkwater Bid
However, the Foxes are ready to dig their heels in and demand the £40m Chelsea received from Manchester United for Nemanja Matic.

Reaction to new inflation data was muted. US crude was unchanged at $48.59 per barrel and Brent was last at $51.84, down 1.63 percent on the day.

The dollar widened losses against the yen to hit a two-month low. The yield on the 10-year Treasury note slipped to 2.21 percent from 2.25 percent late Wednesday.

"For now, the uptrend is very much intact in gold, reacting to external geopolitical events", said Jonathan Butler, commodities analyst at Mitsubishi in London. The 30-year bond last rose 28/32 in price to yield 2.7759 percent, from 2.818 percent late on Wednesday.

Ongoing global glut concerns lingered in oil markets despite a bigger-than-expected draw in United States crude inventories, leaving prices volatile. Bent crude LCOc1, the global benchmark, rose 19 cents to $52.33 a barrel.

At least 6 killed, many houses and vehicles damaged in Himachal landslide
The police said the two buses were parked on the highway while the passengers were out for snacks just before the landslide happened.

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