U.S. benchmarks in the red: Aus shares set to fall

Posted August 19, 2017

On Thursday, there was concern about the possible departure of National Economic Council Director Gary Cohn; on Wednesday, Trump disbanded some business councils.

"Nothing has changed. Gary is focused on his responsibilities as NEC director and any reports to the contrary are 100 per cent false", a White House official said.

Stocks tumbled yesterday as investors and business leaders questioned whether President Trump can deliver on business-friendly policies such as tax reform, a day after some of the nation's top executives cut ties with the White House over Trump's handling of the white supremacist rally in Virginia. One-year interest rate swaps have fallen almost 8 basis points from a one-year high hit in late June to 26 basis points on Friday, indicating dwindling rate expectations.

The yen rose 0.3 per cent to 109.30 per dollar, after advancing 0.6 per cent on Thursday.

The euro edged up 0.2 percent against the dollar, after tumbling on Thursday to a three-week low of $1.1662 after minutes of the European Central Bank's July 20 policy meeting showed the bank was anxious about the currency rising too much.

Tropical Storm Harvey heads toward eastern Caribbean
The meteorological service in Dominica is reporting even higher sustained winds, reaching 35mph (55kmph). Thursday afternoon, a Tropical Storm Warning is in effect for the islands of Martinique, St.

On the currency front, the USA dollar is trading at 109.03 yen compared to the 109.57 yen it fetched at the close of NY trading on Thursday.

The EIA report showed commercial USA crude stocks have fallen by nearly 13 percent from their peaks in March to 466.5 million barrels.

Canada's overall annual inflation rate rose to 1.2 percent from June's 20-month low of 1.0 percent, matching analysts' expectations.

The pan-European STOXX 600 index fell 0.6 per cent, while euro zone blue chips declined 0.7 per cent. The dollar finished the week up nominally against the yen, gaining 0.1 percent.

USA crude oil rose 0.6% to $47.09/bbl.

Zimbabwe first lady wants diplomatic immunity over assault
The model's mother, Debbie, told Reuters that her daughter had received 14 stitches on her head from Sunday's assault. She had "no idea what was going on ..." She walked in with an extension cord and just started beating me with it.

Spot gold touched its highest since November 9 at $1,300.80 per ounce, and was up 0.03 percent at $1,287.95 an ounce by 3:20 p.m. EDT (1920 GMT).U.S. gold futures for December delivery settled at $1,291.60. The political uncertainty in the United States and the potential terrorist attack in Barcelona also drove investors out of risky assets and into lower-yielding assets like gold.

Separately, Eurostat reported that Eurozone construction output decreased for the second straight month in June.

On the economic calendar for Friday, the University of MI was scheduled to release a preliminary reading for its consumer confidence index in August. The consumer sentiment index is expected to inch up to 94.0 in August from 93.4 in July. "Especially given the public backlash against the administration in the last few days".

Shares of sporting goods retailers and Deere (DE.N) weighed on the market following disappointing results. The Hang Seng was also dragged lower by market heavyweight Lenovo's plummeting share price after the Chinese tech giant posted a surprise quarterly loss.

Shah Rukh Khan, Dilip Kumar's 'Mooh-Bola-Beta' Visits The Legendary Actor
She said, " Dilip saab taught me that's its important to be accessible to senior actors when they are old and ailing. The actor also admitted that he would always be traveling for shoots but now will stay more connected to the couple.