United States stocks inch higher on Friday

Donald Trump's 'fire and fury' warning sends stock markets lower, but lifts gold

Donald Trump's 'fire and fury' warning sends stock markets lower, but lifts gold

In Japan, core machinery orders dropped 1.9% on month in June, well below the 3.7% gain seen and fell at 5.2% pace annually compared to a 1.0% drop seen.

Pyongyang responded to provocations from President Trump and said it would consider using missiles against US military bases in Guam.

Donald Trump's threat to unleash "fire and fury like the world has never seen" upon North Korea sent people seeking refuge-in the Swiss franc. "The U.S. president at a [golf] links again let out a load of nonsense about 'fire and fury, ' failing to grasp the on-going grave situation".

Gartman's comments follow Bridgewater Associates founder Ray Dalio's gold recommendation: "We can also say that if the above things go badly, it would seem that gold (more than other safe haven assets like the dollar, yen, and treasuries) would benefit", Dalio wrote in a LinkedIn blog post.

South Korean shares, which have been among the strongest performers in the world so far this year, fell 0.9 percent, while the won sank around 0.7 percent to 1,136.4 to the dollar.

ANALYST'S TAKE: The U.S.jobs figure "was through the roof" and the NFIB survey "painted a much better picture for the U.S. economy than most believed", Stephen Innes of OANDA said in a report.

US DATA: The other potential driver in markets will be upcoming USA economic data, including monthly inflation figures, which could go a long way to determining expectations for the pace at which the Federal Reserve raises interest rates.

The Standard & Poor's 500 index fell 24 points, or 0.9 percent, to 2,450. Germany's DAX fell 0.9 percent, while the CAC 40 in France lost 0.5 percent.

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The yield on USA 10-year Treasurys slid to 2.192% Friday from 2.211% Thursday. The Nasdaq lost 135 points, or 2.1 percent, to 6,216.

The Nasdaq Composite .IXIC was up 34.61 points, or 0.56 percent, at 6,251.48.

Reaction to new inflation data was muted.

Of course, should the verbal conflict escalate to a military one, far more than the markets would be at stake.

When Japanese traders get back to their desks Monday, stocks will need to catch up with Friday's regional weakness and the yen's recent gains against the dollar, up 1.5% on the week.

Economic data showed United States producer prices unexpectedly fell in July, recording their biggest drop in almost a year, while separate figures showed the number of Americans filing for unemployment benefits unexpectedly rose last week. Yesterday, the TICK opened at around 900-a reading of 1,000 or more means pretty severe selling pressure-and then headed higher throughout the day.

Ongoing global glut concerns lingered in oil markets despite a bigger-than-expected draw in United States crude inventories, leaving prices volatile. Brent crude, used to price worldwide oils, added 21 cents to $52.91.

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