Published: Fri, August 11, 2017
Money | By Armando Alvarado

USA yields slide as North Korea tensions stir safe-haven bid

USA yields slide as North Korea tensions stir safe-haven bid

On Aug. 9, North Korea's military said it is considering missile strikes near Guam, warning that it is ready to stage all-out war if Washington launches a preventive war against it.

The Swiss franc USDCHF, -0.8829% bought $1.0382 on Wednesday, representing a 1.2% rise from $1.0266 late Tuesday in NY.

Priceline Group dropped 8 percent after issuing a profit forecast that was weaker than analysts were expecting.

MARKETS ABROAD: In Europe, Germany's DAX rose 0.3%, and France's CAC 40 gained 0.2%.

All three major stock indexes dropped 0.2 per cent at the close, with the Dow Jones Industrial Average finishing at 22,085.34, halting a almost two-week run of closing records.

The price of oil was also 0.3% ahead at 52.29 USA dollars a barrel, with stockpiles coming under pressure from falling crude oil imports and record processing at American refineries.

In London, the FTSE 100 fell 0.7% to 7,493 and Spain's IBEX 35 moved down 0.9% to 10,642.

The CBOE Volatility Index, the most widely followed barometer of expected near-term stock market volatility, was up as much as 12.63 points, its highest in more than a month. Meanwhile, the country's KOSPI Composite Index SEU, -1.10% fell 1.1% to 2,368.39.

The dollar index .DXY rose 0.23 percent, with the euro EUR= down 0.39 percent to $1.1747.

Colbert Interviews God, Mocks Trump's 'Divine Permission' To Fight North Korea
When asked if he has shared that with the president, Jeffress said: "The White House knows my feelings about this". Wit said satellite imagery of North Korea just wasn't showing the drumbeat of war playing out for normal citizens.

The geopolitical tensions have sent global equities into the red, while safe havens climb, including gold and the yen.

USA 30-year bond yields, which move inversely to prices, also hit a six-week trough, while yields on US 2-year notes matched a low hit four weeks ago.

Elsewhere, disappointing second-quarter revenue growth hit shares in security services firm G4S (GFS.L), which sank 7.5 percent and marked their worst day since March 2016. The yield on the 10-year Treasury note rose to 2.27% from 2.26%. Copper fell 2 cents to $2.93 a pound.

OIL: Benchmark U.S. crude added 21 cents to $49.38 a barrel on the New York Mercantile Exchange.

CURRENCIES: The dollar fell to 109.96 yen from 110.48 yen late Tuesday.

The euro fetched $1.1732, down from $1.1752 late Wednesday in NY.

The Dow closed down 33 points, at 22,085.34.

After a dip of as much as 0.52 percent earlier in the day, investors appeared to take some comfort in Tillerson's comments, said Richard Steinberg, managing director at HighTower Advisors in NY. The Nasdaq composite gave up 13 points, or 0.2 percent, to 6,369. Hong Kong's Hang Seng was off 0.3 percent.

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