You are here: Home » Reuters » News
Business Standard

Asia shares mixed, oil down amid Syria fallout

Reuters  |  SYDNEY 

By Wayne Cole

SYDNEY (Reuters) - Asian share markets were mixed and fell on Monday as relief U.S.-led strikes on looked unlikely to escalate was tempered by concerns at Russia's potential reaction to new sanctions from

With the situation in the still fluid, moves were modest and in both directions. EMini futures for the nudged up 0.38 percent, while Japan's Nikkei added 0.2 percent.

Yet MSCI's broadest index of shares outside slipped 0.4 percent as Chinese blue chips took an early 0.7 percent dip.

The United States, and Britain launched 105 missiles targeting what the said were three in in retaliation for a in Douma on April 7.

Russian warned on Sunday that further Western attacks on would bring chaos to world affairs, as prepared to increase pressure on with new economic sanctions.

But with declaring mission accomplished, investors wagered the worst had been avoided.

"Trump was able to enforce his without crossing the threshold for Russian retaliation," analysts at said in a note.

"Stocks were concerned about a prolonged and expanded U.S. campaign towards and that doesn't look probable."

Safe-haven assets eased in response, with yields on U.S. 10-year Treasury debt up two basis points at 2.84 percent.

The dollar was a fraction firmer on the yen at 107.40 , up on last week's low around 106.62.

Dealers were keeping a wary eye on Japanese politics after a survey showed support for Japanese had fallen to 26.7 percent, the lowest since he took office in late 2012.

Abe's sliding ratings are raising doubts over whether he can win a third three-year term as ruling in a September vote, or whether he might even resign before the party election.

The euro was steady at $1.2330, while the dollar index eased a touch to 89.772.

EARNINGS, GDP ON MENU

In commodity markets, gold gained 0.1 percent to $1,346.61 an ounce, but remained well short of last week's peak at $1,365.23.

slipped with futures off 66 cents at $71.92 a barrel, while U.S. crude fell 56 cents to $66.83 a barrel.

Looking ahead, the U.S. season kicks into high gear this week with data predicting profits at companies increased by 18.6 percent in the first quarter from a year ago, their biggest rise in seven years.

Yet with expectations so high, ran into profit-taking on Friday after a batch of mixed results.

In Asia, reports its for the first quarter on Tuesday with market forecasts clustered around growth of 6.7 percent to 6.8 percent.

The reports later on Monday and there are around 15 Federal Reserve speakers in the diary for the week.

Also this week, the IMF will hold its spring meetings of central bankers and in

(Editing by and Eric Meijer)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, April 16 2018. 08:21 IST
RECOMMENDED FOR YOU