Top earnings, North Korea concerns set the stage on Wall Street

President Donald Trump speaks in the Roosevelt Room of the White House in Washington Wednesday Aug. 2 2017

President Donald Trump speaks in the Roosevelt Room of the White House in Washington Wednesday Aug. 2 2017

"I think what the President was doing was sending a strong message to North Korea", Tillerson said. Producer prices for July out on Thursday, Aug. 10, unexpectedly declined.

Stocks are opening slightly lower on Wall Street after several companies reported disappointing results. A weakness in the consumer discretionary, financials, and information technology sectors weighed on the market.

"It is a market that is beginning to encounter some major threats and of course the threat is geopolitical", said Peter Cardillo, chief market economist at First Standard Financial.

Computer hardware stocks rebounded following recent weakness, with the NYSE Arca Computer Hardware Index climbing by 1.4 percent. Prices for bonds and gold headed higher.

Crude oil futures are slipping USD0.10 to USD48.49 a barrel after tumbling USD0.97 to USD48.59 a barrel on Thursday.

The dollar was steady against a basket of six major currencies at 93.385 after falling 0.2 percent on Thursday, with disappointing US inflation and jobs data adding to the greenback's woes.

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

Dead, 50 Missing After Smugglers Push Somali, Ethiopian Migrants Into Yemen Sea
Since 2004, Yemen has witnessed a war between the Houthi rebels and supporters of Yemen's internationally recognised government. About a third of those forced into the sea when the smugglers thought they saw authority figures on the beach were women.

Global stock markets ended their worst week in months amid rising tensions between the USA and North Korea, though US stock indexes steadied on Friday to close up slightly. The Japanese market was closed in observance of the Mountain Day holiday.

The president said "things will happen to them they never thought possible" should Pyongyang attack the USA or its allies. United States bond prices also rose while gold closed at its highest for the week up 1.52% to $1281.

The dollar index .DXY , which tracks the greenback against six rival currencies, was down 0.12 percent to 93.53, after rising as high as 93.888 earlier in the session.

Asian markets lower: Tokyo's Nikkei shed 1.3 per cent, Hong Kong's Hang Seng lost 0.4 per cent, and China's Shanghai Composite fell 0.2 per cent.

Australian shares fell to near three-week lows in a broad-based selloff.

Also highlighted in the United Kingdom corporate calendar are half-year results from Coca-Cola HBC and Glencore, while TUI Group releases third-quarter results.

Shares of staffing firm Adecco slumped 6.4 percent after its results.

Snap shares tank further after reporting $443m loss
Instinet reaffirmed a "reduce" rating and issued a $14.00 target price on shares of Snap in a report on Friday, June 9th. Snapchat's parent, Snap Inc , lost $443m over the last three months, compared with $116m in the same period a year ago.

Global stock markets have sunk further into the red after Donald Trump ratcheted up his fiery rhetoric over North Korea's nuclear threats. The benchmark Kospi tumbled 39.76 points or 1.7% to 2,319.71, its lowest level since May 24th.

Overnight, MSCI's broadest index of Asia-Pacific shares outside Japan had skidded 1.55 per cent, its biggest one-day loss since mid-December, to leave it down 2.5 per cent for the week.

The Dow Jones Industrial Average ended down 33.08 points, or 0.15 percent, at 22,085.34, snapping a 9-day streak of closing records. These have ranged from an investigation into Russia's possible interference in the 2016 USA presidential election, to concerns about China's risky debt levels, to stubbornly low inflation in the U.S. Wholesale price inflation eased to an eight-month low of 2.2% in July from 2.5% in June.

Markets are now awaiting US consumer price data for July, due later in the session. Core prices had also been expected to climb by 0.2%.

Losses at the Snapchat parent ballooned to $443 million in the second quarter, a almost fourfold increase from the same period a year ago.

Watch maker Fossil Group plunged 25 percent after reporting a weak quarter.

The messaging service added just 7 million new daily active users in the quarter, falling short of estimates.

Two hospitalised after smoke fills tube carriage at London's Oxford Circus station
People in carriages could be seen covering their faces as the smoke moved through the Tube train during this morning's rush hour. British Transport Police said its officers were on the scene but the cause "is not now being treated as suspicious".

The CBOE Volatility Index, the most widely followed barometer of expected near-term USA stock market volatility, hit its highest mark since November 8, when Trump was elected president.

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