Wall St rebounds on Fed bets but set for weekly loss

Major earnings and North Korea worries set to claim the limelight on Wall Street

Gold Prices Go Up On Rising US-North Korea Tensions

The CBOE Volatility Index, a barometer of expected near-term stock market volatility, closed at its highest since the US presidential election on Thursday, but was down 1.22 points at 14.82 points on Friday. But the moves were modest.

Secretary of state Rex Tillerson said yesterday North Korea posed no "immediate threat" and that "Americans should sleep well at night, have no concerns about this particular rhetoric of the last few days".

The influential financial stocks were among the biggest drags on the index, with Royal Bank of Canada down 1.5 percent to C$92.88, and Manulife Financial Corp falling 4.7 per cent to C$24.43, its largest drop since early August previous year.

The yield on the 10-year Treasury bond fell to 2.2% and is approaching its lowest level of the year.

"North Korea was fodder for the overnight trade, and as we headed into today we haven't seen any more saber-rattling", said JJ Kinahan, chief market strategist at TD Ameritrade.

The pan-European FTSEurofirst 300 index lost 0.75 per cent and MSCI's gauge of stocks across the globe shed 0.40 per cent. Rival Advanced Micro Devices was also down 3.4 percent.

Shares in several other big media companies also declined. Alliance Data Systems fell $6.28, or 2.7 percent, to $225.64.

Sterling slid against the dollar below the $1.3000 mark.

Pep Guardiola demands more quality to Manchester City's play
The only sour note for City was a tweet from Mendy, saying: "Bullet header" in reference to Lewis Dunk's own goal . Today our box was flawless and in the opponents box we scored two goals but we created more.

Fossil tumbled 25.1 percent after the watch maker said sales continued to weaken, falling short of analysts' estimates. The stock lost $2.97 to $8.87.

The December gold contract was ahead $16.70 USA to US$1,279.30 an ounce. Brent crude, used to price worldwide oils, gained 56 cents to $52.70 in London.

In Europe, Germany's DAX fell 1.1 percent, while France's CAC 40 slid 1.4 percent. Overnight, MSCI's broadest index of Asia-Pacific shares outside Japan .miapj0000pus had skidded 1.55 percent, its biggest one-day loss since mid-December, to leave it down 2.5 percent for the week."What has changed this time is that the scary threats and war of words between the US and North Korea have intensified to the point that markets can't ignore it", said Shane Oliver, head of investment strategy at AMP Capital in Sydney. Monthly, the same figure fell 0.5% coming in well below expectations of a 0.3% gain. It is poised to end the week down 1.9 percent. Perrigo rose $2.17, or 2.8%, to $79.01.

Nevsun Resources Ltd offset some of the material group's gains, plunging 16.4 per cent to C$2.75 after the company reported disappointing quarterly results.

Shares of Apple, Amazon and Facebook fell more than 2% Thursday.

The dollar fetched 110.09 yen in early Asian trade Thursday, slightly up from 110.02 yen in NY on Wednesday but down from 109.74 yen in Tokyo time Wednesday.

"A global stock market fund will have its fair share of value and growth companies, unlike -say- the FTSE 100 index which is predominately value-orientated with its bias towards energy, mining and financial, or the Japanese TOPIX which is growth-orientated with a predominance of consumer goods companies". The euro held steady at $1.1752.

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