Stocks tumble, gold rises as North Korea returns to focus... 13% of US oil refinery capacity shut down...
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Stocks tumble, gold rises as North Korea returns to focus
Fresh tensions in the Korean Peninsula have sent world stock markets tumbling Tuesday. The rogue state fired a missile that flew over Japan sending nervous investors to save havens.
As stock markets slipped, gold prices jumped more than 1%.
Meanwhile oil prices are lower amid Hurricane Harvey’s impact on Gulf Coast refineries.
Asian markets closed mostly lower although Shanghai bucked the trend to close slightly higher. A weakening US dollar has seen the yen climb to 4-month highs, affecting exporters’ stocks.
European markets are sharply lower led by a 1.8% drop for Frankfurt's DAX. Paris and London are both down more than 1%. Brexit talks are in focus along with concerns over North Korea.
Wall Street and Toronto are expected to open lower. Canadian industrial product and raw materials price indexes are due along with US home price data.
13% of US oil refinery capacity shut down
The Gulf Coast continues to be impacted by Hurricane Harvey, shutting down around 13% of oil refining capacity in the US.
Reuters reports that some refineries are preparing to reopen but the full impact of damage to oilfields and pipelines is yet to be assessed and could mean higher prices.
A report from Barclays Bank says that the impact of the storm on the oil sector could be around for several more weeks.
Militia action in Libya is further impacting crude prices.
Fresh tensions in the Korean Peninsula have sent world stock markets tumbling Tuesday. The rogue state fired a missile that flew over Japan sending nervous investors to save havens.
As stock markets slipped, gold prices jumped more than 1%.
Meanwhile oil prices are lower amid Hurricane Harvey’s impact on Gulf Coast refineries.
Asian markets closed mostly lower although Shanghai bucked the trend to close slightly higher. A weakening US dollar has seen the yen climb to 4-month highs, affecting exporters’ stocks.
European markets are sharply lower led by a 1.8% drop for Frankfurt's DAX. Paris and London are both down more than 1%. Brexit talks are in focus along with concerns over North Korea.
Wall Street and Toronto are expected to open lower. Canadian industrial product and raw materials price indexes are due along with US home price data.
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Latest |
1 month ago |
1 year ago |
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North America (previous session) |
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US Dow Jones |
21,808.40 (-0.02%) |
-0.10% |
+17.86% |
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TSX Composite |
15,052.03 (-0.03%) |
-0.51 % |
+2.52% |
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Europe (at 5.00am ET) |
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UK FTSE |
7,298.88 (-1.39%) |
-0.94% |
+6.74% |
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German DAX |
11,890.71 (-1.92%) |
-2.24% |
+12.77% |
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Asia (at close) |
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China CSI 300 |
3,834.54 (-0.21%) |
+3.03% |
+15.92% |
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Japan Nikkei |
19,362.55 (-0.45%) |
-2.99% |
+15.68% |
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Other Data (at 5.00am ET) |
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Oil (Brent) |
Oil (WTI) |
Gold |
Can. Dollar |
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46.68 (-0.24%) |
51.83 (-0.12%) |
1329.00 (+1.04%) |
U$0.8032 |
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Aus. Dollar |
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U$0.7956 |
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13% of US oil refinery capacity shut down
The Gulf Coast continues to be impacted by Hurricane Harvey, shutting down around 13% of oil refining capacity in the US.
Reuters reports that some refineries are preparing to reopen but the full impact of damage to oilfields and pipelines is yet to be assessed and could mean higher prices.
A report from Barclays Bank says that the impact of the storm on the oil sector could be around for several more weeks.
Militia action in Libya is further impacting crude prices.
