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Daily Recap

It's been a somewhat uncertain day for stocks. In Asia, the Dow gained 0.49%, led again by Chinese shares. In Europe, growing concerns over what will happen in Syria as a result of chemical attacks on civilians has the market nervous, and the STOXX 600 lost 0.59%. US stocks opened lower, and traded between about 50 and 200 Dow points lower most of the day.

The big feature is the prospect of an attack on Syria in retaliation for gassing its civilians, with Russia vowing to protect its client state. The possibility of the US getting into it with Russia, along with a recent missile attack on Riyadh, have investors fleeing equities for gold, for the yen, and into crude oil. So we have another "risk off day," following the opposite yesterday.

The US dollar index finished at 89.55, virtually unchanged and above its earlier trading levels. Fixed income assets also gained as ... Log in or subscribe to continue reading.


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