Markets

North Korea nerves push stocks to worst week since November

North Korea nerves push stocks to worst week since November

"It looks like it was used as a good excuse to adjust positions", he said, referring to the latest flare-up of tensions between the United States and North Korea.

"North Korea responding with a threat to USA territory after Trump warned them not to threaten the US was never going to go down well", Lawler said.

U.S. President Donald Trump, in his latest warning to North Korea, said military solutions were "fully in place" and referred to American weapons as being "locked and loaded" should the nuclear-armed nation act "unwisely".

Still, the market has had several fits and starts over the past few months. It's still the highest it's been since May.

Sterling slipped below $1.30, close to a two-and-a-half-week low but it strengthened against the euro by 0.2%, following Tuesday's 10-month low.

USA producer prices unexpectedly recorded their biggest drop in almost a year, and the number of Americans filing for unemployment benefits unexpectedly rose last week.

In the latest USA economic data, the Labour Department's Job Openings and Labor Turnover Survey, or JOLTS, showed job openings rose by 461,000 to a seasonally adjusted 6.2 million, a record high. The Fed, which raised its key interest rate in March and June, has signaled it plans a third rate hike before the end of this year.

Railroad stocks have shown a strong move to the upside on the day, driving the Dow Jones Railroads Index up by 1.3%.

Canadian Tire Corp Ltd rose 3.4 percent to C$146.65. Regions Financial shed 23 cents, or 1.6 percent, to $14.07.

Insurance won't be valid without pollution certificate
The government has also been directed to audit all the PUC centres to ensure credibility of the tests. The Supreme Court of India issued a list of directions to curb pollution on 10 August 2017.

J.C. Penney slumped 24.4 percent to a record low after the retailer reported a bigger-than-expected quarterly loss. The FTSE 250 company said that, as part of the transaction, it agreed to pay £24m for a 75% stake in a newly-formed company, whose assets will consist of all the franchisee's operations being 25 existing Domino's stores in London.

Netflix and red hot chip company Nvidia dropped around 4%.

Concluding with oil, WTI was last 1.0% down on the day, just above $48 a barrel, while Brent crude was 0.9% down, around $51.40 a barrel. Brent crude, used to price worldwide oils, rose 20 cents to $52.10 a barrel in London.

People walk past an electronic board showing stock prices outside a brokerage at a business district in Tokyo, Japan, January 23, 2017. The war of words between Washington and Pyongyang saw the price of gold rise to $1,278.49 this morning with future gold for December delivery up 1.3% at $1,279.30. Silver gained 14 cents to $16.39 an ounce.

Charter Communications rose 2.9 per cent on news Altice is exploring a bid for the cable giant.

United Kingdom mid cap stocks also came under pressure, falling 0.8 percent as shares in Dixons Carphone slumped more than 7 percent to its lowest level since the aftermath of the Brexit vote last June, driven down by a double downgrade from a star broker.

Against the Swiss franc, it fared slightly better and was broadly flat on the day at 1.1319 francs per euro.

Major indexes in Europe closed mostly lower.


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