News : Strike on Syria to start on Friday, after markets close. At this time, global markets will be closed and will open only 48 hours later. This will allow everybody to digest the events before Asian markets open and the strike will not catch them by surprise. Nevertheless, if this report is confirmed and the strike goes through, we could still see significant Sunday gaps. The crisis around Syria is dominating the news and also markets. Prices of oil are rising: this is the most obvious move. The dollar is stronger against the commodity currencies, but stable against the euro and generally weaker against the Swiss franc and the Japanese yen this week. After some initial moves, markets stabilized, but any breaking news shakes the markets and overshadows economic indicators. The worries about Syria are exacerbating the bond rout in emerging markets, which is mainly driven by the intentions of the Federal Reserve to taper bond buys.
Posted on: Wed, 28 Aug 2013 09:48:20 +0000
Trending Topics
Recently Viewed Topics
© 2015