TSX hits 1-month low on risk aversion, lower oil prices

TSX hits 1-month low on risk aversion, lower oil prices

TSX hits 1-month low on risk aversion, lower oil prices

The UK's stock market ended the week down 1.1% as worries over the situation between the United States and North Korea continue to rattle investors.

The FTSE 100 is clearly in a slump, brought on in part by the tensions between the USA and North Korea, which could eventually culminate in nuclear war. "Hopefully Kim Jong Un will find another path!" he tweeted. The Nasdaq composite fell 35 points, or 0.5 percent, to 6,336.

Falls were also seen on Wall Street, with the Dow Jones Industrial Average down 0.5% about 15 minutes into trading and the Nasdaq (Frankfurt: 813516 - news) tumbling by 0.6%.

"European stocks have suffered greatly today as traders were prompted to cut-and-run due to the escalating tensions between the USA and North Korea".

"If anything, maybe that statement wasn't tough enough", Trump said to a pool of reporters Thursday.

"They've been doing this to our country for a long time, for many years, and it's about time that somebody stuck up for the people of this country and for the people of other countries", Trump said. Humphrey said the escalating crisis with North Korea forces Congress to act. Economists had expected another 0.1% uptick.

Data storage company Seagate Technology (STX) posted a standout gain within the hardware sector, jumping by 2.4 percent. The index dropped to a one-month closing low. That marks its eighth quarter of better-than-expected earnings in a row.

Markets in Italy, France and Germany also saw declines.

The Swiss franc reversed a two-week losing streak and gained 1.1 percent to as firm as 0.9611 per dollar.

"I think with gold prices, we still have to be cautious".

It was down 0.1 percent at 109.07 yen JPY= , after retreating 0.8 percent on Thursday.

The pound was quoted at USD1.3002 at the London equities close Wednesday, compared to USD1.2965 at the same time on Tuesday.

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Trading was thinner than usual, with Japanese markets closed for a public holiday.

Efforts by the U.S. to dial down rhetoric have failed to shift the bearish mood among investors.

The president said "things will happen to them they never thought possible" should Pyongyang attack the U.S. or its allies.

The Japanese yen hit an eight-week high against the USA dollar, while spot gold also reached a two-month high. Spot gold added 0.7 percent to $1,286.00 an ounce.

Australian shares were down 1.3 per cent, set for a weekly loss of 0.6 percent and Chinese and Hong Kong bluechips lost 1.6 per cent and 1.9 per cent, respectively.

Australian shares fell to near three-week lows in a broad-based selloff. The Swiss currency was also on track for its biggest daily gain against the euro since the Swiss National Bank removed its cap on the currency in January 2015.

Priceline Group slumped 6.5 percent after issuing a profit forecast that was weaker than analysts were expecting. The benchmark Kospi tumbled 39.76 points or 1.7% to 2,319.71, its lowest level since May 24th.

The S&P 500 index had its biggest one-day drop in nearly three months on Thursday as investors fled riskier assets, with technology stocks leading the charge, in response to an increasingly aggressive exchange of threats between the United States and North Korea. Stocks took a hit for a third straight day Thursday as North Korea's nuclear threats seemed again to roil the markets.

"A global stock market fund will have its fair share of value and growth companies, unlike -say- the FTSE 100 index which is predominately value-orientated with its bias towards energy, mining and financial, or the Japanese TOPIX which is growth-orientated with a predominance of consumer goods companies". That was lower than a year earlier when Nordstrom had reported $117 million, or 67 cents. Officials from South Korea and Japan warned their neighbor that it would face a strong military response if North Korea were to fire a missile at the island territory. Wholesale price inflation eased to an eight-month low of 2.2% in July from 2.5% in June.

For later in the day, USA consumer price data for July are expected at 1330 BST.

Shares of USA department stores Kohl's and Macy's were weak after their results.

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