Wednesday, 12 April 2017

Markets fall amid geopolitical concerns

Markets were mostly lower on Tuesday.

The S&P 500 fell 0.1 percent, the Nikkei 225 fell 0.3 percent, the DAX 30 fell 0.5 percent but the FTSE 100 rose 0.2 percent.

Ongoing geopolitical concerns over Syria and North Korea kept safe haven assets supported. The US 10-year Treasury yield fell six basis points to 2.30 percent while gold rose 1.6 percent.

Richard Perry, market analyst with Hantec Markets, wrote in a note that “there has been a negative shift in risk sentiment as safe haven assets outperform” and as a result, “equities will tend to suffer”.

Oil rose though amid talk of a possible extension to the OPEC-led production cut agreement. West Texas Intermediate crude rose 0.6 percent and Brent rose 0.5 percent.

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