North Korea nerves push stocks to worst week since November

A Secret Service agent checks on the Oval Office of the White House in Washington Friday Aug. 11 2017 as the West Wing of the White House in Washington is undergoing renovations while President Donald Trump is spending time at his golf resort in New J

A Secret Service agent checks on the Oval Office of the White House in Washington Friday Aug. 11 2017 as the West Wing of the White House in Washington is undergoing renovations while President Donald Trump is spending time at his golf resort in New J

Geopolitical concerns contributed to the continued strength among treasuries amid an ongoing escalation in tensions between the USA and North Korea. -North Korea tension also weighed on the Canadian dollar, which weakened against its USA counterpart, despite higher oil prices and stronger-than-expected domestic housing data.

The sell-off is likely to extend into the European session, with financial spread-better CMC Markets expecting Germany's DAX and France's CAC 40 to open down about 0.7% each and Britain's FTSE 100 to start 0.55% lower.

With Japanese markets closed for a public holiday, Hong Kong led the downward charge in Asia-Pacific as the Hang Seng lost more than two percent.

LONDON, Aug 10 (Reuters) - World stocks fell for a third day on Thursday and investors moved again into the Swiss franc, yen and gold, prompted by the war of words between the United States and North Korea.

Traders across the globe reacted with dismay to Trump's warning Thursday that his earlier threat to unleash "fire and fury" on the reclusive nuclear-armed state may not have been "tough enough".

The ten-year yield added to the 4.2 basis point loss posted on Wednesday, falling to its lowest closing level in well over a month.

The euro was down 0.3 percent at just over $1.17 and nearing a two-week low, while the New Zealand dollar tumbled a full 1 percent as its central bank head bluntly said he wanted it lower.

USA missile makers Raytheon and Lockheed Martin have outperformed Wall Street by nearly 4 percent in recent days.

U.S. Treasury yields fell on Wednesday, with yields on the benchmark 10-year note hitting a six-week low, as investors reached for safe-haven assets such as government debt.

The utilities index, often seen as a bond proxy because of its companies' slow reliable growth and high dividends, was the only S&P sector that ended the day up, showing a 0.25 percent gain.

Crude oil futures are slipping USD0.10 to USD48.49 a barrel after tumbling USD0.97 to USD48.59 a barrel on Thursday.

USA producer prices Thursday disappointed, as traders await consumer price inflation figures later Friday.

The bombing of Pearl Harbor, for instance, resulted in a 3.8 percent drop in the S&P 500 on December 7, 1941. The Nasdaq composite lost 18 points, or 0.3 percent, to 6,352.

European stocks have fallen for a third day on Friday and look headed for their worst week since early November previous year, as US President Donald Trump's rhetoric on North Korea over the past few days made investors risk averse.

Kohl's stock dropped almost six percent despite better than expected earnings.

Markets are now awaiting U.S. consumer price data for July, due later in the session.

Australia's S&P/ASX 200 edged up 0.2 percent to 5,779.20, while South Korea's Kospi fell 1.1 percent to 2,342.19.

Shares of Snap (SNAP) are also seeing pre-market weakness after the parent of Snapchat reported a wider than expected second quarter loss on revenues that came in below expectations.

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