Economia

Wall St rebounds on Fed bets but set for weekly loss

Wall St rebounds on Fed bets but set for weekly loss

After touching a more than two-month high at US$1,291.86, spot gold last added 0.2 per cent to US$1,288.81 an ounce.

Traders saw the chance of a rate hike in December fall to 40 percent from 42 percent shortly before the release of the data, according to Federal funds futures. The UK trading session took USD/CHF lower to hit a day low of 0.9630 towards the closing bell, but closed up slightly on the day by 0.03%.

The S&P 500 Index (SPX - 2,474.02) lost 0.9 point, or 0.04%. According to CNN, a US jet departing from Guam flew over the Korean peninsula on Monday as a warning.

The pan-European FTSEurofirst 300 index .FTEU3 lost 1.01 percent and MSCI's gauge of stocks across the globe .MIWD00000PUS shed 0.26 percent for a weekly loss of 1.6 percent, the largest since the week to November 4.

He said: "Equity markets, including Korea, have tended to react less and less to this posturing - the Korea Composite Stock Price index was only down 1% on Tuesday".

At a briefing on opioid addiction at his golf course in Bedminster, New Jersey, Trump warned North Korea not to make any more threats against the United States, adding that North Korea would be "met with fire and fury like the world has never seen".

At 9.37am ET (1337 GMT), the Dow Jones Industrial Average was down 49.62 points, or 0.22 per cent, at 22,035.72, the S&P 500 was down 8.01 points, or 0.32 per cent, at 2,466.91.

Trump warned North Korea again on Thursday not to strike Guam or USA allies, saying his earlier threat to unleash "fire and fury" on Pyongyang if it launched an attack may not have been tough enough. Discovery Communications fell 70 cents, or 2.9 percent, to $23.60. On the Nasdaq, 1,440 issues fell and 1,386 advanced.

In a note to investors, Paul Christopher, head global market strategist, and Tracie McMillion, head of global asset allocation, suggest, "the threat of a nuclear weapon is certainly more serious than previous threats, but that threat also may increase the probability of a diplomatic solution". The U.S. currency was down 0.5 percent at 109.73 yen, following a retreat to 109.740, its weakest since June 15.

At the very least I think the last three days show that the market's character has changed from indifference to something more emotional.

The dollar index .DXY fell 0.32 percent, with the euro up 0.42 percent to $1.1819.

Bond prices, which move inversely to yields, closed higher.

Amid the hot rhetoric, USA stocks sold off sharply on Thursday, with the S&P 500 falling more than 1 percent. The yield on the 10-year Treasury note slipped to 2.21 percent from 2.25 percent late Wednesday.

The mood on markets was decidedly risk off leaving stock markets lower.

The Canadian dollar was trading at an average price of 78.67 cents US, down 0.04 of a USA cent.

The yen on Friday added to a strong weekly rally against the dollar of close to 1.5 percent, hitting its highest versus the greenback in nearly four months, at 108.73 yen. Britain's FTSE 100 was down 1.1 percent. Brent crude, used to price global oils, was down 35 cents to $51.55 a barrel in London.