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FTSE to open lower as US, North Korea tensions continue

By BFN News | 06:21 AM | Friday 11 August, 2017

The FTSE 100 is tipped to open around 35 points lower, extending the losses registered since North Korea threatened to launch ballistic missiles towards the US territory of Guam. Traders around the globe continue to head for safe havens, with gold showing its strongest performance for over two months, while assessing the likelihood of an escalation of the current rhetoric between the nations as President Trump ramped up his no-nonsense stance overnight. US & ASIA In the US yesterday, the Dow ended 0.93% lower at 21,844.01, the S&P 500 closed 1.45% lower at 2,438.21 and the Nasdaq was down 2.13% at 6,216.87. In Asia this morning, the Nikkei 225 was 0.05% lower at 19,729.74 and the Hang Seng was down 1.89% at 26,926.38. COMMODITIES At 6.10am, WTI crude was down 0.88% at $48.16 per barrel and Brent crude was 0.89% lower at $51.44 per barrel. Gold was 0.14% higher at $1,291.9 an ounce, with silver also higher but copper lower. LONDON MARKETS In the corporate diary today, interim results are expected from Zeal Network, Grupo Clarin, Old Mutual Group, Romgaz and Touchstone Exploration, while Adams Finance Asia and iEnergizer are due to host shareholder meetings. There is no UK economic news of note due today. Story provided by

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