FTSE Slips on North Korea Fears

Stock markets slip as North Korea tensions build

Trump said on Thursday that his comment earlier in the week that North Korea should face "fire and fury" if it continued to make threats maybe "wasn't tough enough," the New York Times reported.

On the London stock market, mining shares saw the biggest falls as many metal prices were hit by the geopolitical concerns.

The VIX, the Chicago Board Options Exchange Volatility Index, which measures market expectations for swings in stock prices and traders use as a fear gauge, closed the day on Thursday at 16.04, its highest close since the day of the United States presidential election in November.

'Stock markets in Europe are still under pressure because of the heightened tensions surrounding North Korea, ' said David Madden, market analyst at CMC Markets UK.

Equity screens were also awash with red in Asia as investors fled to safe haven assets after US President Donald Trump doubled down on his North Korea rhetoric. The statement has dominated the headlines, and is one of the main drivers in the markets.

In the eurozone, the Paris CAC 40 lost 0.6 percent and Frankfurt's DAX 30 shed some 1.2 percent.

Man City's Pep Guardiola: I'm not under extra pressure this season
West Ham largely flew under the radar last season , mostly because of a bad home record in its first season at Olympic Stadium. Guardiola brought in players like Ederson , Bernardo Silva , Mendy, Walker and Danilo before the season kicks off.

On the currency markets, the pound was up 0.03% against the dollar at $1.2981 but down 0.23% against the euro at 1.0999 euros.

The US Consumer Price Index (CPI) edged up 0.1% last month after staying flat in June and falling by 0.1% in May.

Brent, the worldwide crude benchmark, dropped 0.6% to $51.58 per barrel and WTI, the USA oil benchmark, slid 0.7% to $48.26 a barrel in recent trade.

On Friday, chief executive Bruce Hemphill said Old Mutual is making "excellent progress" in the break-up as he celebrated a 37% rise in adjusted operating profit to £969 million.

On the second tier, Domino's Pizza dropped 8.3p to 272p after the takeaway firm inked a partnership with its London franchise business.

The biggest risers on the FTSE 100 Index were Smurfit Kappa up 38p to 2,224p, Persimmon up 39p to 2,501p, DCC up 70p to 6,885p, Barratt Developments up 6p to 595.5p.

Related news:

Hot News

isis-killer-beheading-video-story-top Byron board member says he is "wrongly implicated" in Putney Bridge incident
Aug 12, 2017 - 17:56
Duncan Lewis solicitors issued a statement on Twitter claiming Bellquist was not in Britain when the attack happened in May. Metropolitan Police today released the city banker, saying they had "eliminated him from the investigation".

isis-killer-beheading-video-story-top Swine flu toll rises to eight in Odisha
Aug 12, 2017 - 17:00
Sources said that the number of persons affected by dengue and swine flu is also increasing, reported news agency IANS. Bhubaneswar: The swine flu toll in Odisha rose to eight with four persons succumbing to the disease on Friday.

isis-killer-beheading-video-story-top Sebastian Gorka Just Increased The Chances of Nuclear War
Aug 12, 2017 - 16:55
Washington knows it would be wise to try to bring other key parties, especially Beijing, on board for any intensified measures. Ben Cardin, the Foreign affairs committee's top Democrat, compared Trump's comments to those issued by North Korea itself.

isis-killer-beheading-video-story-top Zidane signs three-year contract extension at Real Madrid
Aug 12, 2017 - 16:50
The move comes in light of PSG's recent record-breaking fee for Neymar, prising the Brazilian from the grasps of Barcelona. Real Madrid's Sergio Ramos holds the trophy after winning the UEFA Super Cup.

isis-killer-beheading-video-story-top LG V30 tipped to launch along with a Plus variant; pricing leaked
Aug 12, 2017 - 16:41
However, this is the first time that LG will launch the base version of a smartphone and its Plus variant at the same time. LG electronics is expected to release its next flagship smartphone , the V30 on 15 September in South Korea.

isis-killer-beheading-video-story-top Pep Guardiola defends Man City's big spending
Aug 12, 2017 - 16:29
With 14 clean sheets and just 29 goals conceded last season, De Gea is sure to do just as well, if not better this campaign. I know a lot of the pundits are going for City but you feel like this is a Guardiola team now.

isis-killer-beheading-video-story-top Trump, Xi agree North Korea should stop its provocative behavior
Aug 12, 2017 - 16:22
He said the "sensible" way to proceed is to step up worldwide pressure on the regime of Kim Jong Un through the United Nations. President Donald Trump warned North Korea that any threats would be met with "fire and fury like the world has never seen".

isis-killer-beheading-video-story-top We're buying three more players - Guardiola
Aug 12, 2017 - 16:14
This is the seventh successive Premier League season that Tottenham will play their opening Premier League game away from home. But we can not forget that when we do something better than last season it's because we've been one year together.

isis-killer-beheading-video-story-top Aaron Carter thinks he has a chance with Chloë Grace Moretz
Aug 12, 2017 - 16:10
Moretz said Carter was her childhood crush during an interview for Variety's Power of Young Hollywood cover story. The 29-year-old also recently made headlines for a DUI arrest in Georgia.

isis-killer-beheading-video-story-top East Harling murder: Man held over Peter Wrighton stabbing
Aug 12, 2017 - 16:09
It is understood police are investigating whether Mr Wrighton may have had a row with another man moments before he was killed. Elizabeth Truss said: "I am deeply shocked and saddened by reports of the death of local man in woodland near East Harling".

isis-killer-beheading-video-story-top Obama Homeland Security adviser: No room for mistakes on North Korea
Aug 12, 2017 - 16:06
Republican Senator Dan Sullivan said a preemptive strike against the North Korean regime would require congressional approval. The online poll was done by ProgressPolls and asked whether Trump or Obama is a better leader of the United States .

isis-killer-beheading-video-story-top S&P falls 1.4 pct in safety flight on N. Korea tensions
Aug 12, 2017 - 15:08
In oil, the price of Brent crude sunk by 0.5% to 51.65 USA dollars a barrel amid concerns about over supply in the market. The 30-year bond last rose 6/32 in price to yield 2.7847 percent, from 2.794 percent late on Thursday.

isis-killer-beheading-video-story-top Global Stocks Poised for Weekly Declines
Aug 12, 2017 - 14:58
On Tuesday, August 8, despite that new record high, the market pulled back and closed lower due to decreased risk appetite. The dollar index .DXY , which measures the US currency against a basket of other major currencies, fell 0.14 percent.

isis-killer-beheading-video-story-top Chinese FM: China Will Implement UN Sanction Despite Hefty Price
Aug 12, 2017 - 14:57
North Korea also said it will take a unspecified action and will never allow its nuclear program to be negotiated on. But it's also more responsible and realistic.

isis-killer-beheading-video-story-top Leicester City captain Morgan impressed with Kelechi Iheanacho
Aug 12, 2017 - 14:45
I thought he was really unselfish for a player making his debut. "You've seen how they linked up, and good players can. He made his Leicester City debut in the team's final pre-season game against German club Borussia Monchengladbach .