Tuesday Morning Cheat Sheet: 3 Stories Moving Markets
It’s Tuesday, and the United States has yet to initiate a military strike against Syria, despite some confusion surrounding a joint U.S.-Israeli missile test in the Mediterranean. With at least five destroyers standing by in the region, President Obama is seeking approval from Congress for a limited strike against Syrian President Bashar al-Assad.
Markets mostly advanced in Asia. Japan’s Nikkei climbed 2.99 percent to a three-week high of 13,978.40 while the yen edged down to 99.5 against the dollar. In Hong Kong, the Hang Seng climbed 0.99 percent to 22,394.60, and in Shanghai, the composite climbed 1.18 percent to 2,123.11. In Australia, the S&P/ASX 200 climbed 0.16 percent to 5,196.57.
European markets faced selling pressure in midday trading despite relatively strong manufacturing data released Monday. Eurostat, the statistical office of the European Union, is scheduled to release another estimate of second-quarter gross domestic product Wednesday morning. Germany’s DAX was off 0.35 percent, London’s FTSE 100 was off 0.12 percent, and the STOXX 50 index was off 0.25 percent.
U.S. futures at 8:30 a.m.: DJIA: +0.55%, S&P 500: +0.79%, NASDAQ: +0.64%.
Here are three stories to keep an eye on.