Yen gains broadly on latest bout of Korean tensions

Japan primed financial markets on Tuesday for currency intervention after the yen tested record highs signalling it may try to tame the

"We believe the recent recovery should run out of steam once the USA dollar regains strength", said Norbert Rücker, Julius Baer's head of Macro & Commodity research.

Aug 10 (Reuters) - The S&P 500 index was on track for its first daily drop of more than 1 percent in nearly three months on Thursday as investors grew cautious over escalating tensions between the United States and North Korea.

Investors also took cover in the yen, the Swiss franc and gold.

"Right now the market is viewing it as a lot of saber-rattling and a lot of smoke, but not much fire", said Darrell Cronk, president of Wells Fargo Investment Institute.

The Dow Jones Industrial Average fell 63.37 points, or 0.29 per cent, to 22,021.97.

The Swiss franc eased about 0.2 percent to 0.9658 per dollar, having surged roughly 1.1 percent on Wednesday.

Kenyan president urges people to vote peacefully
He managed to rise to prime minister after the 2007 elections but that post has since been abolished. If neither candidate secures more than 50 per cent of the vote then there will be a second round.

The Standard & Poor's 500 index fell 10 points, or 0.4 percent, to 2,463.

The yield on the 10-year Treasury bond fell to 2.2% and is approaching its lowest level of the year.

Even with relative market calm, the geopolitical tensions appeared to be no closer to easing on Thursday, as North Korea waged a war of words with U.S. President Donald Trump.

Trump was responding to North Korea's claim it was completing plans to fire four intermediate-range missiles over Japan to land near the U.S. Pacific territory of Guam. Trump's comments followed reports that the North has mastered a technology needed to strike the United States with a nuclear missile.

"The typical text book trade is that investors rush for safe havens". But the moves were modest.

After touching a more than two-month high at $1,291.86, spot gold last added 0.2 percent to $1,288.81 an ounce.

For Honor offers free trial this weekend
If you should enjoy the free look at the game, players will be able to buy the game for 50 percent off between August 10-20. For Honor , Ubisoft's standalone hack and slash IP from earlier this year is getting a free-to-play event later this week.

The loonie was shaking off its slumber in late morning trading today after racking up losses for more than a week. "It's not healthy if the market doesn't have a correction every now and again".

JAPAN MACHINERY DISAPPOINTS: Orders for machinery in June, considered a leading economic indicator, were slower than analysts had forecast and at their weakest since May 2016. Netflix was down 1.8 per cent. The Dow rose slightly on Friday after shedding 205 points the day before, its worst slide in almost three months. The stock lost $4.15 to $102.83.

The euro edged down 0.1 percent to $1.1735.

Shares in several other big media companies also declined.

The Nasdaq, Wall Street's home to many high profile tech companies, finished the day down more than 2%. Bank of New York Mellon slid $2.09, or 3.9 percent, to $51.95, while Citizens Financial Group shed $1.32, or 3.8 percent, to $33.71. The company booked a hefty charge and said its CFO is leaving the company.

Shares of Apple, Amazon and Facebook fell more than 2% Thursday. The stock has more than doubled over the past 12 months, gaining more than 160%.

Fire rips through Dubai Torch tower again
A second fire broke out in the street, caused by burning debris, and photographs of damaged cars were posted to social media. They also shared that the fire was bad and strong at about 1:00 A.M. but it started calming down after the next two hours.

The Labor Department also said unit labor costs rose by 0.6 percent in the second quarter following an upwardly revised 5.4 percent spike in the first quarter.

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