| inbluevt | Date: Tuesday, 2013/08/27, 8:15 AM | Message # 1 | DMCA |
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U.S. lays groundwork for possible action against Syriangovernment
* Yen broadly firmer; Turkish lira, Indian rupee hit recordlows
* Brent oil nears 6-month high, over $112 a barrel
* European equities down 1.2 pct after sharp falls in AsiaLONDON,
Aug 27 (Reuters) - Uncertainty about the possibility of Western military action against the Syrian government hit shares worldwide on Tuesday, sent many emerging market currencies to record lows and boosted assets such as yen and gold.
U.S. stock index futures and a rise in U.S. government debt prices signalled that the flight to safety could gather momentum when Wall Street opened.
Dealers said the moves so far, spurred by reports fromWashington that a strike may be imminent, were not yet on a huge scale as investors are waiting to see how the situation unfolds.
"The full scope of this crisis is difficult to predict atthis point, so it becomes an excuse for investors to cash in some of the recent gains," said David Thebault, head of quantitative sales trading, at Global Equities.U.S. Secretary of State John Kerry, in the most forceful reaction yet to the Aug. 21 gas attack outside Damascus, set the stage for possible action when he said President Barack Obama
"believes there must be accountability for those who would use the world's most heinous weapons against the world's most
vulnerable people".
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Message edited by inbluevt - Tuesday, 2013/08/27, 8:17 AM |
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