Global markets jarred by North Korea fears

A street sign for Wall Street is seen outside the New York Stock Exchange in Manhattan New York City

US stocks indexes were higher in afternoon trading on Friday, on track to snap a three-day losing streak, as tepid inflation data brought back investors to riskier assets, despite heightened tensions between the United States and North Korea.

Analysts said media and entertainment stocks also seemed to get caught up in the broader market drop, but emphasized it was often hard to isolate reasons behind specific stocks' movements.

The price of gold, a universal safe haven asset, has risen almost 3 percent over the past four days, hovering at $1,290 per ounce, its highest since early June.

The Nasdaq composite fell 13.31 points, or 0.2 percent, to 6,370.46.

Biotechnology stocks are turning in some of the market's worst performances in morning trading, resulting in a 1.6 percent drop by the NYSE Arca Biotechnology Index.

On Tuesday, U.S. President Donald Trump warned the Asian country about facing "fire and fury" if North Korea delivers more threats against the U.S. North Korea said it is examining an operational plan for firing a ballistic missile toward Guam.

THE QUOTE: While the tough talk about the potential for nuclear war is scary, investors have heard it many times before.

The FTSE 100 Index closed down 79.98 points to 7,309.96, with President Donald Trump tweeting that the United States military is "locked and loaded" as he warned North Korea over its continuing threats.

Investors, who took the North Korea report from Japan in their stride earlier in the day, lost their appetite for risk after Trump's comments to reporters during his vacation at his golf club in New Jersey. The yield on the 10-year Treasury note held steady at 2.26 percent. Earlier, the average had been down more than 88 points.

Borussia Dortmund extend Ousmane Dembele suspension until further notice
Dembele is under contract with Dortmund until 2021 and an initial offer from the Spanish giants has been rejected by Dortmund. Bayern Munich president Uli Hoeness has endorsed Borussia Dortmund's tough stance on Barcelona target Ousmane Dembele .

Housebuilders Persimmon, Taylor Wimpey and Barratt fell by 2.8 to 3% on weak house price data. Twenty-First Century Fox gave up 46 cents, or 1.6 percent, to $27.57.

Pan American Silver Corp, which reported second-quarter results late Wednesday, rallied 10.7 per cent to C$22.47.

The rouble, however, withstood the pressure thanks to global demand for Russia's still high-yielding bonds as well as monthly tax payments due from next week.

Shares were down 15.5p to 1,826p.

The Labor Department said its producer price index for final demand edged down by 0.1 percent in July after inching up by 0.1 percent in June.

Elsewhere in commodities, the September crude contract was up 39 cents to US$49.56 per barrel, September natural gas advanced six cents at US$2.88 per mmBTU and the September copper contract declined two cents at US$2.93 a pound.

In Europe, Germany's DAX fell 1.1 percent, while France's CAC 40 slid 1.4 percent. Brent crude, used to price worldwide oils, gained 56 cents to $52.70 in London. Hong Kong's Hang Seng Index plunged by 2%, while South Korea's Kospi Index slumped by 1.7%.

CURRENCIES: The dollar rose to 109.24 yen from 109.20 while the euro weakened to $1.1756 from $1.1773.

Related news:

Hot News

isis-killer-beheading-video-story-top Scores, updates and results from Premier League and around the world
Aug 13, 2017 - 18:54
The Belgian was used primarily as a back-to-goal target man, with 55.6 per cent of his passes played backward. It was his 199th Premier League goal and first for Everton since 2004.

isis-killer-beheading-video-story-top Yuvraj Singh dropped for Sri Lanka ODIs, Manish Pandey recalled
Aug 13, 2017 - 18:43
Rohit had been rested from the tour of Windies after the Champions Trophy, the last limited-overs series India played. Mumbai paceman Shardul Thakur made a comeback into the squad alongwith Karnataka batsman Manish Pandey .

isis-killer-beheading-video-story-top US man bludgeons mother, sister, another woman to death; arrested
Aug 13, 2017 - 18:39
They said he then attacked the other women. "These girls don't give problems, these girls just have fun", Simpson said. Vanderhall was awaiting arraignment on three murder charges and an attempted murder charge.

isis-killer-beheading-video-story-top Chief of Staff Kelly Reviewing White House Changes
Aug 13, 2017 - 18:09
And whether its domestic or worldwide terrorism, with the moral authority of the presidency, you have to call that stuff out. I think he needed to be much harsher as it related to the white supremacists and the nature of that...

isis-killer-beheading-video-story-top Tropical Storm Gert expected to form
Aug 13, 2017 - 18:07
Conditions are gradually becoming more conducive for development, and a tropical depression could form during the next day or two. The depression is now sporting wind speeds of 35 miles per hour and is moving north-northwest at around 14 miles per hour .

isis-killer-beheading-video-story-top Death toll in Nepal landslides, floods rises to 49
Aug 13, 2017 - 17:40
Highways were either damaged or inundated, disrupting transport, the police said. "There isn't a house without water. Monsoon rains from June to September are important for farm-dependent Nepal, but they also cause havoc each year.

isis-killer-beheading-video-story-top Google CEO Pichai Cancels Gender Dispute Meeting
Aug 13, 2017 - 16:41
Dory is a system used internally for Google employees to submit and vote on questions to be asked at town hall meetings. It signifies their belief that liberals stifle free speech by humiliating right-wing voices.

isis-killer-beheading-video-story-top Cech : Arsenal's goalkeeper hails 'beautiful' Leicester game
Aug 13, 2017 - 16:15
The impressive Vardy scored his second in the 53rd minute to put Leicester in front once more, curling Riyad Mahrez's corner into the bottom far corner amid poor Arsenal marking.

isis-killer-beheading-video-story-top EPL: Arsenal gun down Leicester in seven-goal thriller
Aug 13, 2017 - 16:08
The lead was short lived as Shinji Okazaki restored parity via his head only minutes later and Jamie Vardy slid in to score just before the half-hour mark.

isis-killer-beheading-video-story-top Mega 6.5 magnitude natural disaster rocks Indonesia - tremors felt '400 MILES AWAY'
Aug 13, 2017 - 15:37
Singapore broadcaster Channel NewsAsia said it received calls from residents in the city state who felt tremors. Geological Survey says the quake had a magnitude of 6.4 and occurred at a depth of 35 kilometers (21 miles).

North Korea tensions continue to weigh on global stocks
Aug 13, 2017 - 15:37
The dollar index, which measures the U.S. currency against a basket of major peers, slipped 0.1 percent as U.S. OIL: Benchmark U.S. crude added 21 cents to $49.38 a barrel on the New York Mercantile Exchange.

isis-killer-beheading-video-story-top U.S. tells China to fully execute NKorea sanctions
Aug 13, 2017 - 15:11
Wang also urged the US and South Korea "to stop increasing tensions" and said that all sides should return to negotiations. South Korean Foreign Minister Kang Kyung-wha has hailed the achievements made during her first ASEAN Regional Forum.

isis-killer-beheading-video-story-top State Department Press Briefing on North Korea
Aug 13, 2017 - 15:02
On Tuesday , Trump threatened North Korea with " fire and fury " if Pyongyang made any further threats against the United States. He said that the U.S.is dealing with the North Korean threat with an effective diplomatic effort.

isis-killer-beheading-video-story-top New "Hamilton" app lets you enter lottery for $10 tickets
Aug 13, 2017 - 14:45
Tickets for Hamilton sell out extremely quickly but with the app, you will be able to access the #Ham4Ham ticket lottery. Michael Luwoye, Joshua Henry, Rory O'Malley, Solea Pfeiffer, Emmy Raver-Lampman, Amber Iman, Jordan Donica, Rubén J.

isis-killer-beheading-video-story-top YARMUTH: Statement on White Supremacist and Neo-Nazi Violence in Charlottesville
Aug 13, 2017 - 14:42
Many Democrats, and a few Republicans , criticized him for failing to single out the white nationalists who organized the rally. Some Republicans took a similar approach. "@POTUS needs to speak out against the poisonous resurgence of white supremacy.