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Response to Tansy_Gold (Original post)

Tue Aug 27, 2013, 05:58 AM

11. Stocks Fall as Yen, Bonds Rise on Syria; Oil, Gold Gain

http://www.bloomberg.com/news/2013-08-26/gold-holds-gain-as-wti-climbs-japan-index-futures-drop.html

Stocks fell for a second day, the yen strengthened and bonds rose after U.S. Secretary of State John Kerry said Syria will be held accountable for using chemical weapons. Turkey’s lira and India’s rupee weakened to records while oil and gold advanced.

The MSCI All-Country World Index dropped 0.6 percent to 369.04 at 10:15 a.m. in London as Standard & Poor’s 500 Index futures fell 0.5 percent. Japan’s currency appreciated at least 0.5 percent versus all 31 of its major counterparts and bonds rose. The lira tumbled to 2 per dollar for the first time and the rupee sank 2.3 percent. Thailand’s benchmark equity gauge headed for a bear market. West Texas Intermediate crude added 0.5 percent to $106.43 a barrel and gold climbed 0.5 percent to $1,412.07 an ounce.

Kerry said President Barack Obama believes there must be accountability for the “moral obscenity” of using chemical weapons, fanning concern unrest may disrupt Middle East oil supplies. An Ifo institute report today showed German business confidence rose for a fourth month in August, before data on U.S. housing and consumer confidence.

“For anyone who thought that the Arab Spring was going to be a temporary situation, it’s proven to not be the case,” Erik Wytenus, Hong Kong-based head of foreign exchange and commodities at JPMorgan Private Bank in Asia, said on Bloomberg Television’s “On the Move” with Rishaad Salamat. “You’ve got a bit of short-term, safe haven, flight-to-quality bid. Emerging markets are being punished by severe capital outflows, which are hitting their currencies inordinately hard.”

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Tansy_Gold Aug 2013 OP
Fuddnik Aug 2013 #1
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Warpy Aug 2013 #7
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xchrom Aug 2013 #10
LineReply Stocks Fall as Yen, Bonds Rise on Syria; Oil, Gold Gain
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xchrom Aug 2013 #22
Demeter Aug 2013 #33
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Warpy Aug 2013 #46
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