As the leading countries in the world are still discussing what to do about Syria, the markets are responding to the shock. The United States threatened to punish Assad’s regime who reportedly carried out a poison gas attack last week. The US is backed by many other powerful countries, notably France. On the other hand, Assad is supported by Russia, so once again the US and Russia find themselves on the opposite ends of an argument.
Due to this kind of uncertainty stocks are currently marking losses, while crude oil is slightly retreating from yesterday’s highs. Both the global and European equity indices are in decline. Analysts expect the S&P 500 to remain volatile. European bonds are trading lower today as investors expect details on this week’s ECB meeting. Even gold is currently moving downward, trading 0.3% lower from the high it reached earlier this week.
Key events on the economic calendar today include a speech from the Bank of England, the ECB’s policy meeting details, and inflation data from France.
