Investors await US jobs data, UK trade and Eurogroup Greece meeting 7.46am BST GOOD MORNING, AND WELCOME TO OUR ROLLING COVERAGE OF THE WORLD ECONOMY, THE FINANCIAL MARKETS, THE EUROZONE AND BUSINESS. Donald Trump’s decision to authorise airstrikes on Syria after this week’s chemical attack has understandably spooked markets. With growing tensions between the US and China over North Korea after the country launched another missile this week, signs that the US could also be at odds with Russia over Syria has added to the unease. Michael Hewson at CMC Markets said: Today’s military action against Syrian airfields after this week’s chemical gas attack, shouldn’t have been a surprise after Secretary of State Tillerson’s remarks that recent events required a “serious response” however the timing was, coming so quickly afterwards. The action adds a complexity to geopolitics that wasn’t there before given Russia’s support for Syria and Trumps pre-election pledges to try and repair relations with Putin. The US would now appear to be on a collision course with Russia as Tillerson went on to add that there was no prospect that Assad could remain Syria’s leader in light of the use of chemical weapons, and markets in Europe are likely to reflect this escalation in tensions with a lower open and higher gold prices as safe haven assets attract capital flows. Our European opening calls:$FTSE 7290 down 14 $DAX 12194 down 37 $CAC 5110 down 11$IBEX 10499 down 20$MIB 20246 down 51 Related: Donald Trump launches US missile strike against Syria after chemical attack – live Continue reading...
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