Global markets fall as US and UK consider Syria military action

clock

Markets around the world sold-off overnight while oil continued to soar, as the prospect of military involvement in Syria's civil war grows.

As British Prime Minister David Cameron and US President Barack Obama (pictured) meet to discuss the Syrian civil war - and specifically whether the regime has used chemical weapons on its own people - senior military staff in the US have already said they are "ready to go". The rhetoric has spooked investors, and markets saw even heavier selling overnight, with the US Dow down 1.1% and the S&P 500 off 1.6%. The Nasdaq was impacted more, with the index finishing 2.2% lower, as shares including Apple racked up losses. Asian shares followed suit with the Hong Kong Hang Seng and the N...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

'Discussion-worthy stuff': Chinese assets under pressure

'Discussion-worthy stuff': Chinese assets under pressure

China has an 18% share of global GDP and only a 3% MSCI ACWI weighting

Chris Justham
clock 02 April 2024 • 2 min read
Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read