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12 August, 2017, 15:09
Nordstrom shares were up 1.63 percent at $45.60 following the apparel retailer's better-than-expected quarterly same-store sales. However, if the situation becomes more than a war of words or if North Korea becomes more successful with its missile launches, that would change the situation immediately.
U.S. Secretary of State Rex Tillerson tried to ease concerns that the U.S. was heading toward a military confrontation with North Korea after President Donald Trump rattled global markets with his warning that he could unleash "fire and fury" against Kim Jong Un's regime.
If the North Korean regime "does anything" to the U.S. or a United States ally "things will happen to them like they never thought possible", Trump told reporters on Thursday, according to Bloomberg.
A man looks at a stock quotation board flashing the Nikkei 225 key index of the Tokyo Stock Exchange in front of a securities company in Tokyo.
The Dow Jones was down 0.3% in opening trade, declining to 22,016.8 and the wider S&P 500 index dropped 0.48% to 2,463.18.
In recent trading, the Nasdaq and the S&P 500 have fallen to new lows for the session.
Investors await the headline U.S.consumer inflation data for July for more clues about future Fed decisions.
Germany's DAX Index fell 0.6 per cent, while the UK's FTSE 100 Index retreated 1.2 per cent, and France's CAC 40 Index slid 1.4 per cent.
The London market endured heavy losses on Friday as America's stand-off with North Korea inspired another round of selling.
But Wall Street is wondering whether the sell-off is due to North Korea - or just a widely anticipated pullback?
Escalating tensions around Pyongyang's nuclear ambitions sent a shiver through markets worldwide and pushed the dollar to below 109.7 yen in afternoon forex trade to an eight-week low against the safe haven currency, piling more pressure on Japanese stocks.
Analysts warned the softening dollar could test June's low of 108.82 yen and even the 2017 trough of 108.13 yen. The Swissie also edged higher against the Euro, recording one of the largest single day rises since the January 2015 removal of the "peg" placed by the Swiss National Bank.
"It's a big move in the context of what we've seen in the course of this year, but in a bigger picture perspective the levels are still relatively moderate", said Harper. "I think before the end of the year the market goes to new highs and (Treasury) yields go higher". The Shanghai Composite Index fell 0.2% to 3275.57 points.
In oil, the price of Brent crude sunk by 0.5% to 51.65 U.S. dollars a barrel amid concerns about over supply in the market.