Action in Asia was weak overnight. News that tension between North Korea and South Korea escalated to the point of military fire prompted selling. The Shanghai Composite closed with a 1.9% loss. Heavyweights PetroChina (PTR), China Petroleum (SNP), and China Life Insurance caused the most damage. In Hong Kong, the Hang Seng fell 2.7% as [...]

 [BRIEFING.COM] S&P futures vs fair value: +3.70. Nasdaq futures vs fair value: +12.00.  Futures for the S&P 500 continue to sport a solid lead over fair value. As for action abroad, Germany’s DAX is up a strong 0.6% at the moment. Automakers Volkswagen, Daimler (DAI), and BMW have been primary sources of support, though Siemens (SI) has [...]

In Asia, Japan’s Nikkei plummeted 3.6%. There wasn’t a single stock in the 225-member index that managed to muster a gain. Such weakness left the Nikkei to end August with its lowest close more than 15 months and finish August with a 7.5% monthly loss. The selloff in Japan was partly owed to weakness in [...]

bp – AOL News

A disappointing jobs report for July has kept futures for the S&P 500 under stiff pressure. The report has also undercut Europe’s major bourses so that Germany’s DAX has reversed to a 0.5% loss. Of its major sectors, only health care (+0.4%) is in positive territory, while utilities (-1.1%) and tech stocks (-0.8%) are in [...]