Falling stocks and currencies because of Syria

To the Syrian crisis, capital markets, Turkey, the Turkish lira, Syria, oil
Archival stock market in Dubai

Wednesday, August 28, 2013 - 11:52 GMT Abu Dhabi

Abu Dhabi - Sky News Arabia
The escalation of tension on the Syrian crisis and the possibility of a military strike her to the many negative effects on the global financial markets and exchange rates and oil prices, opened the Asian markets drop indicators as well as the decline in the dollar and the currencies of emerging economies Kallirh Turkish and Indian rupee as oil prices rose and minerals.

The GCC stock markets trading week began a significant decrease in the red zone as a result of the escalation in the Syrian crisis.

And Saudi financial analyst said Beshr Bakheet The "retreats reason is the tension in Syria, has already seen this scenario several times in the past, with a sense of the market reacts negatively exaggerated about this kind of risk."

Global markets

And prompted the wave of selling in global markets Nikkei fell to its lowest level in two months, on Wednesday, a result of concerns about the possible consequences of a military strike has led the United States to Syria, while quick to investors بالتخارج of riskier assets, leading to the rise of the yen relatively safe.

The money in the world markets saw a decline collectively Tuesday with the possibility of directing an international coalition led by the United States military strike against Syria, as the main DAX index ended the Frankfurt Stock Exchange trading Tuesday, down 2.28% to 8242.56 points, after rising in early trading backed up investor confidence in the index German economy for the fourth month in a row.

The benchmark DJ Euro Stoxx 50 stock Home in the euro zone increased by 2.56% to 2747.27 points, also fell CAC headquarters in the Paris Stock Exchange rose 2.42% to 3968 points and the FTSE London Stock Exchange increased by 51.1 points to 6441 points in the light of speculation about the possibility of striking Syria early next week.

In neighboring Turkey to Syria fell Istanbul Stock Exchange Stock Exchange by about 5%, and reflected an atmosphere of pessimism on the United States, where the Dow Jones rose half a percent despite the rise in consumer confidence in the U.S. economy, and stocks were the travel and tourism industry most affected.

Currency

Indian rupee tumbled and the Turkish lira to new record lows, with the acceleration of the flight of investors from emerging markets driven by additional uncertainty about Western military action against Syria.

And landed currencies other emerging markets to their lowest levels in several years, despite going down Treasury yields U.S. for 10 years - which tend those currencies to trace - the highest level in two years, also caused losses currency also out investors from emerging markets as well as lost 1.8 percent .

And currency fell sharply countries that suffer from a deficit in the balance of current transactions since hinted the Federal Reserve (the U.S. central bank) in May that it would consider reducing the monetary stimulus program, and then extended losses to more robust emerging markets.

He said Binwat that the Director of strategy emerging markets at Societe Generale in London: "We are seeing today more of this out, but with the addition of the impact of fears geopolitical, and then be available all the components of shock reluctance of severe risk aversion, add to this performance is lukewarm to central banks in emerging markets such as Turkey So we face a shock associated with credible, too. "

Oil and Gold

In the same context, oil prices rose in New York, bringing the price to $ 117 per barrel, analysts predicted prices continue to rise with increasing escalation in the Syrian crisis.

The prices of mineral commodities, iron and copper, as well as gold, which has continued to strengthen its gains since the beginning of the escalation on Syria.

The price of an ounce of gold in the immediate morning trade to $ 1431.09, after he arrived earlier in the morning session to $ 1433.31 an ounce.


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A barrel of oil could reach for "150"

Brent crude Stock Exchange

Wednesday, August 28, 2013 - 17:44 GMT Abu Dhabi

Abu Dhabi - Sky News Arabia
Societe Generale said Wednesday that is likely to increase the price of Brent crude toward $ 125 a barrel if the West launched air strikes on Syria, may rise further if the conflict expanded to include the rest of the Middle East.

He said the oil market analyst at French bank Michael Wittner said Brent could climb to $ 150 a barrel if the war affected the major oil producers such as Iraq, but any jump in prices will be short probably.

Wittner said in a note to clients, "We believe that in the coming days, Brent may increase between five and ten dollars to climb to $ 120-125 either in anticipation of an attack or as a reaction to the start of the attack."

"If expanded regional repercussions in the form of disruption to supplies in Iraq or elsewhere in Brent jumps briefly to $ 150.

"We assume in our perception is essential that the attack begins next week. If the delay did not show signs of an imminent attack will begin momentum in Saralnaft of the whole of the Syrian situation to fade."

Brent touched for October delivery highest level in six months at $ 117.34 Wednesday to fears that regional conflict could affect supplies in a time of declining production from other exporters of oil in the Middle East and North Africa.

Wittner said that if affected by military conflict oil supply market will depend on increased production of Saudi Arabia is the only member of the Organization of the Petroleum Exporting Countries (OPEC), which has significant spare production capacity.

"The Saudis can probably deal with the possibilities, but the market will look to a contraction of untapped energy remaining after offset any disruption which will push up prices."

He added that oil-consuming countries might consider the launch is part of the large strategic oil reserves if oil prices rise too much or in the case of a severe shortage in supply.


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