Forgot your password?

Choose a newsletter

Premium access granted to you by Expatica

You've been given FREE premium access to Worldcrunch

Enter your email to begin


Markets Fall, Oil Prices Rise As Syria Spooks Investors



LONDON — Oil prices have risen to a five-month high, stock share prices are falling, and demand for safe-haven assets has risen amid international fears about the Syrian crisis and the anticipation of U.S. and possibly European military intervention there, Reuters reports. 

After U.S. Secretary of State John Kerry said publicly that President Barack Obama was consulting with allies before deciding how to respond to the Aug. 21 chemical gas attack outside Damascus, U.S. stocks ended 0.4 percent lower Monday.

New York Stock Exchange. Photo: Rahav Segev - Rahav Segev/ZUMA

The Guardian reports that Europe’s stock markets fell steadily Tuesday during the first two hours of trading, with the London FTSE 100 currently down almost 1%.

European shares were down 0.6 percent in early trading, and the major Asian markets all lost ground overnight. Tokyo's Nikkei closed at 0.69 percent lower, while the safe-haven yen rose broadly.

The Italian stock market, which is down 266 points, has suffered some of the most significant losses, mostly because of the instability triggered by Silvio Berlusconi’s tax fraud conviction.

Reuters video : 

Sign up for our weekly Global Biz & Innovation newsletter now

Be a part of the conversation. Click to show comments
About this article source Website:

Load More Stories

Unlimited access to exclusive journalism, the best world news source across all your devices

Subscribe Now Photo of Worldcrunch on different devices

Your premium access to Worldcrunch is provided by

University of Central Lancashire

Please register to begin

By registering you agree to our terms of service and privacy policy.