Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Syria strike possibility rattles markets

05 September 2013, 08:43 AP

London -Renewed worries about a possible US military strike against Syria sent global stock markets lower on Wednesday afternoon.

Optimism brought about by strong economic indicators, particularly a manufacturing survey in the US, dissipated amid fears of a possible escalation in Syria's civil war following a chemical attack that killed scores of civilians.

The US government contends the regime of Syrian President Bashar Assad is responsible.

"Investors are set to stay cautious with one eye on the Syria development" ahead of this week's G-20 gathering of world leaders in Russia and US employment data, said Gary Yau, an analyst at Credit Agricole CIB.

The so-called US non-farm payroll figures, which will be released on Friday, are a closely watched indicator of the state of the country's economy and can set the tone in the markets for weeks to come.

By midafternoon in Europe, Britain's FTSE 100 was down 0.6% to 6 431.80, while Germany's DAX declined 0.8% to 8 118.61 and France's CAC-40 dropped 1.1% to 3 932.68.

Wall Street was weak on the open, with the Dow shedding 0.1% to 14 824.01 and the S&P 500 flat at 1 640.53.

Japan's Nikkei 225 reversed early losses and rose 0.5% to close at 14 053.87, but benchmarks elsewhere in Asia fell.

South Korea's Kospi declined almost 0.1% to 1 933.03.

Australia's S&P/ASX 200 shed 0.7% to 5 161.60 and Hong Kong's Hang Seng lost 0.3% to 22 326.22.

- None


Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Shakila Alivitsa
Why do men choose second wives?

Why do men choose to have second wives?

Submitted by
Eugene Odanga
Udada women's festival begins in ...

The Udada women's festival has arrived in Nairobi.

Submitted by
Eugene Odanga
WATCH: Kaka Sungura arrested in t...

Was Kaka Sungura arrested in town?

Submitted by
Wilson Ochieng
Ababu chased by rowdy youth durin...

Ababu Namwamba was chased off by rowdy youth in a rally, after being accused of supporting the Jubilee Party. Read more...

Submitted by
Wilson Ochieng
Has Uhuru done enough for Kenyan ...

Has President Uhuru Kenyatta done enough to lift the lives of Kenyan youth? Read more...

Submitted by
Wilson Ochieng
COMMENT: Peter Kenneth adds no va...

Peter Kenneth adds no value to the Jubilee Party's 2017 bid, experts argue. Read more...