Investors rush to gold following rising North Korea tensions

Global stocks fall on Trump's North Korea warning; US$ up after data

Global stocks fall on Trump's North Korea warning; US$ up after data

All three of the major stock market indexes fell for a third straight session for the first time since April amid continued heated rhetoric between the USA and North Korea.

Dow e-minis were up 6 points, or 0.03 percent, with 29,187 contracts changing hands at 8:34 a.m. ET (1234 GMT).

The Nasdaq Composite was down 16.88 points, or 0.26 percent, at 6,353.58.

Macy's (M.N) shares closed down 10.2 percent and Kohl's (KSS.N) fell nearly 6 percent as the companies continued to report a drop in quarterly same-store sales, stoking concerns that their turnarounds may still be a long way off.

On Thursday, in response to North Korea's threat to fire missiles at American targets in the Pacific, President Trump said that if Pyongyang "does something in Guam, it will be an event the likes of which nobody has seen before - what will happen in North Korea".

London's FTSE 100 was almost 1% down during morning trading with share indices in Germany, France and Italy also in the red.

The Dow slid as declines in shares of Apple and those of Goldman Sachs, recently down 2.3 percent and 1.7 percent respectively, outweighed gains in shares of McDonald's and those of Coca-Cola, recently up 1.4 percent and 0.5 percent respectively.

Vietnam shares fell 2.3 per cent, their most in nine months, dragged down by financials and consumer staples.

Oil prices were under pressure (http://www.marketwatch.com/story/oil-prices-head-lower-as-global-tensions-continue-unabated-2017-08-11), with prices ticking lower after the International Energy Agency said oil supply rose for a third month as compliance with an OPEC output deal faltered.

The selling in the USA extended to global markets Friday.

Gold enjoyed another strong session as traders sought out safe havens, with the price lifting 0.1% to 1,287.8 U.S. dollars an ounce.

Avis Budget Group slumped 9.9 percent after the vehicle rental company cut its guidance following a weak second quarter.

London's FTSE 100 closed about 80 points, or more than 1%, lower on Friday, adding to a slump of more than 100 points the day before.

Michael Kors climbed 21.5 percent after the luxury handbag and apparel designer and retailer's latest quarterly results beat analysts' forecasts as sales improved.

Crude oil was 0.5 percent higher with prices at $49 per barrel.

He also said the nuclear-armed nation should be "very, very nervous" if it even thinks about attacking the United States or its allies. On the Nasdaq, 2,082 issues fell and 669 advanced.

The Japanese yen last strengthened 0.03 per cent versus the greenback at 109.22 per dollar.

In bond markets, the yield on U.S. Treasuries fell, also pressured by the lowered expectations for a Fed move. Crude briefly pared losses in late trading after USA inventories fell more than expected last week.