{"id":125007,"date":"2018-04-12T06:37:26","date_gmt":"2018-04-12T10:37:26","guid":{"rendered":"http:\/\/countingpips.com\/?p=125007"},"modified":"2018-06-01T15:40:54","modified_gmt":"2018-06-01T15:40:54","slug":"markets-slide-as-syria-tensions-rise","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/04\/markets-slide-as-syria-tensions-rise\/","title":{"rendered":"Markets slide as Syria tensions rise"},"content":{"rendered":"
April 12, 2018<\/div>
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By IFCMarkets<\/a><\/p>\n

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Minutes show Fed discussed need to slow US economy<\/h2>\n<\/div>\n<\/div>\n

US stocks\u00a0<\/b>pulled back on Wednesday on rising geopolitical tensions after president Trump\u2019s tweet indicating he was preparing a missile strike in Syria. The\u00a0S&P 500<\/a>\u00a0slid 0.6% to 2642.19 with nine of 11 main sectors ending lower. The\u00a0Dow Jones\u00a0<\/em>industrial fell 0.9% to 24189.45.\u00a0Nasdaq\u00a0<\/em>composite index lost 0.4% to 7069.03.The dollar weakened: the\u00a0live dollar index<\/a>\u00a0data show the ICE US Dollar index, a measure of the dollar\u2019s strength against a basket of six rival currencies, slipped 0.1% to 89.498. Stock indices futures indicate mixed openings today.<\/p>\n

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Tensions rose after a tweet from President Trump warned Russia to get ready because missiles \u201cwill be coming, nice and new and \u2018smart!\u2019\u201d as a response to a suspected Assad led chemical weapons attack alleged to have killed civilians in the rebel held town of Douma over the weekend. Economic data were mixed: the consumer price index fell 0.1% in March, while the core CPI, which excludes food and energy precise, rose 0.2%. Meanwhile the federal government\u2019s budget deficit was $209 billion in March, up 18% from the same month a year ago. And the minutes from the Federal Reserve\u2019s latest policy meeting showed policy makers discussed the need to slow the economy.<\/p>\n<\/div>\n<\/div>\n

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DAX paces European indices pullback<\/h2>\n<\/div>\n<\/div>\n

European stocks\u00a0<\/b>turned lower on Wednesday on rising regional tensions after president Trump\u2019s tweets indicated US plans a military strike in Syria. Both the\u00a0euro\u00a0<\/em>and\u00a0British Pound\u00a0<\/em>added to their gains against the dollar and are rising still. The Stoxx Europe 600 fell 0.6%. Germany\u2019s\u00a0DAX 30\u00a0<\/em>dropped 0.8% settling at 12293.97. France\u2019s\u00a0CAC 40\u00a0<\/a>fell 0.6% and UK\u2019s\u00a0FTSE 100\u00a0<\/em>slipped 0.1% to 7257.14. Indices opened flat today.<\/p>\n

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In economic news European Central Bank President Mario Draghi, speaking at a Frankfurt event tied to an ECB competition for students, cautioned that the threat of tariffs could undermine investor confidence.<\/p>\n<\/div>\n

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Asian indices lower<\/h2>\n<\/div>\n<\/div>\n

Asian stock indices<\/b>\u00a0are lower today as Syria tensions rose after President Trump tweeted about impending military strike.\u00a0Nikkei\u00a0<\/em>ended 0.1% lower at 21660.28 despite yen pullback against the dollar. China\u2019s stocks are lower after Commerce Ministry said the country would \u201cfight back without any hesitation\u201d and isn\u2019t currently engaged in talks with Washington: the\u00a0Shanghai Composite Index\u00a0<\/em>is 0.9% lower and Hong Kong\u2019s\u00a0Hang Seng Index\u00a0<\/em>is down 0.3%. Australia\u2019s All Ordinaries Index is down 0.2% with Australian dollar little changed against the greenback.<\/p>\n

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Brent\u00a0<\/a>lower<\/h2>\n<\/div>\n<\/div>\n

Brent futures prices\u00a0<\/b>are retreating today after hitting three-year high on Tuesday on rising Syria tensions. Prices rose yesterday despite a US supply build: the US Energy Information Administration reported Wednesday that domestic crude supplies climbed by 3.3 million barrels last week. June Brent crude rose 1.4% to $72.06 a barrel on Wednesday.<\/p>\n

\"Brent<\/p>\n

Market Analysis provided by IFCMarkets<\/a><\/p>

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Note:
\nThis overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or \u0430 recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.<\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Minutes show Fed discussed need to slow US economy US stocks\u00a0pulled back on Wednesday on rising geopolitical tensions after president Trump\u2019s tweet indicating he was preparing a missile strike in Syria. The\u00a0S&P 500\u00a0slid 0.6% to 2642.19 with nine of 11 main sectors ending lower. The\u00a0Dow Jones\u00a0industrial fell 0.9% to 24189.45.\u00a0Nasdaq\u00a0composite index lost 0.4% […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-125007","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/125007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=125007"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/125007\/revisions"}],"predecessor-version":[{"id":125019,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/125007\/revisions\/125019"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=125007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=125007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=125007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}