Uber and Volvo are upping their self-driving auto agreement
Moody's morning surprise brings cheers in India
The best offers, discounts and cheap deals
Keystone pipeline in South Dakota shut down after leak detected
German inflation picks up more than expected, still below European Central Bank target
02 September 2017, 01:25 | Frank Carlson
FTSE 100 rebounds as fears over North Korea ease
Gasoline futures surged and crude oil was down, as flooding and damage from Tropical Storm Harvey shut almost a quarter of United States refinery capacity, curbing demand for crude while raising the risk of fuel shortages.
MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent, leaving it a modest 0.6 percent firmer for the month so far. It was on track to end August with a fall of nearly 18 bps - its biggest monthly fall in six months.
Overall the biggest mover among the G10 group of developed economy currencies was the New Zealand dollar, down 1 percent against its USA equivalent after a poor batch of business confidence data.
Investors also awaited President Donald Trump's first speech specifically on tax reforms, a key contributor to the rally in stocks since his victory in November.
The Dow Jones Industrial Average rose 27.06 points, or 0.12 percent, to close at 21,892.43, the S&P 500 gained 11.29 points, or 0.46 percent, to finish at 2,457.59 and the Nasdaq Composite added 66.42 points, or 1.05 percent, to end at 6,368.31.
"They are somewhat concerned about the euro's strength and the source piece backed that up again", said Citi strategist Josh O'Byrne. The pan-European STOXX 600 .stoxx closed 0.7 percent higher.
Concerns about rising tensions with North Korea, and risks surrounding the USA government's need to raise the debt ceiling next month, however, remained forefront in investors' minds.
The kiwi dollar fell below 1.10 to the Aussie dollar overnight and was 0.93 percent lower at $0.7137 in midday in Europe. "But there was already some expectation that the euro would be a bit soft going into the U.S.jobs numbers on Friday so we are a bit weaker".
The 10-year notes were last down 3/32 in price to yield 2.145 percent, up from 2.136 percent on Tuesday.
"The stronger euro weighs on growth and inflation, although not immediately, and this complicates the ECB's exit strategy", said Commerzbank strategist Rainer Guntermann.
"The ECB meeting is coming up next week and there are rising risks of verbal intervention from Mario Draghi", said Deutsche Bank strategist George Saravelos.
Inflation in the currency bloc, targeted by the European Central Bank at just below 2 percent, accelerated to 1.5 percent in August from 1.3 percent, data showed on Thursday.
The dollar index .dxy , which measures the greenback against a basket of six major currencies, was 0.65 percent higher at 92.852. Brent eased 29 cents to $50.57 a barrel, while US crude fell 14 cents to $45.82.
Gold steadied as a stronger dollar pushed the metal off Tuesday's 9-1/2-month high, but the precious metal remained above $1,300 on renewed tensions between Washington and North Korea.
Pennsylvania airmen deployed to Harvey storm zone
Oklahoma Army National Guard's LUH-72 Lakota helicopter, with hoist capability, and crew departed Oklahoma on Tuesday morning. Since making landfall on Friday, Harvey has dumped 9 trillion gallons of water on Texas.
Gilead to buy Kite Pharma for about $12 billion
Kite Pharma, Inc ., launched on June 1, 2009, is a clinical-stage biopharmaceutical company. (NASDAQ:GILD) for 3,363 shares. Also, EVP Helen Susan Kim sold 79,949 shares of the business's stock in a transaction dated Tuesday, August 8th.
Eagles good to fly -Rohr
And our readers are convinced that Alampasu is the goalkeeper who can stop the attacking forays of the reigning African champions. The Eagles will take on the Cameroonians in Uyo on September 1 with the second leg in Cameroon on September 4.
Dabo Swinney on Bama vs. FSU: 'Heck of a ballgame'
You'd play hard, too, if you'd had Will Muschamp gnawing at your behind all offseason. "Alabama's not going to give you anything". Otherwise, ticket sales are impossible, because these games are expensive and require fans to buy hotel rooms to travel to them.