Asian stocks mixed, oil fell amid the precipitation of Syria

SYDNEY (Reuters) – Asian equity markets mixed and oil prices fell on Monday, as relief from US-led attacks on Syria escalated due to concerns about Russia's possible reaction to the crisis. the new sanctions of Washington.

A man looks at an electronic stock quote outside of a brokerage in Tokyo, Japan, February 9, 2018. REUTERS / Toru Hanai

With the situation in the Middle East still fluid, movements were modest and in both directions . EMini futures for the S & P 500 ESc1 rose 0.38 percent, while the Nikkei of Japan .N225 added 0.2 percent.

However, the broader MSCI index of Asia and the Pacific shares outside of Japan. MIAPJ0000PUS fell 0.4 percent, as the Chinese blue chips .CSI300 fell 0.7 percent early.

The United States, France and Great Britain launched 105 missiles against what the Pentagon said were three chemical weapons facilities in Syria in retaliation for an alleged attack of poison gas in Douma on April 7.

Russian President Vladimir Putin warned on Sunday that more Western attacks on Syria would bring chaos to world affairs as Washington prepared to increase pressure on Russia with new economic sanctions.

But with President Donald Trump declaring the mission accomplished, investors bet that the worst was avoided.

"Trump was able to enforce his red line of chemical weapons without crossing the threshold of Russian retaliation," JPMorgan analysts said in a note.

Slides (2 Images)

"The actions were concerned about a prolonged and expanded US campaign towards Assad and that does not seem likely."

Safe haven assets gave way in response, with yields on 10-year US Treasury Debt US10YT = RR rose two basis points to 2.84 percent.

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

Traders watched Japanese policy cautiously after a poll showed that support for Japanese Prime Minister Shinzo Abe had fallen to 26.7 percent, the lowest since he took office in late 2012.

The scales Abe's awakening doubts can win a third three-year term as leader of the Liberal Democratic Party (PLD) in a September vote, or if he could even resign before the election of the party.

The euro remained stable at $ 1.2330 EUR =, while the dollar index dropped a touch to 89.772 .DXY.

EARNINGS, CHINA'S GDP IN THE MENU

In the commodity markets, gold gained 0.1 percent to $ 1,346.61 an ounce XAU =, but remained well below the high of the last week at $ 1,365.23.

Oil prices fell with crude oil futures Brent LCOc1 to 66 cents to $ 71.92 a barrel, while US crude CLc1 fell 56 cents to $ 66.83 a barrel.

Looking to the future, the US earnings season accelerates this week with data from Thomson Reuters that predict earnings at S & P 500 companies rose 18.6 percent in the first quarter from a year ago, its biggest increase in seven years.

However, with such high expectations, the banking actions came up with profit taking on Friday after a batch of mixed results.

In Asia, China reports its gross domestic product for the first quarter of Tuesday with market forecasts grouped around growth from 6.7 percent to 6.8 percent.

The United States reports retail sales later on Monday and there are about 15 Federal Reserve speakers in the newspaper for the week.

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

Editing by Shri Navaratnam and Eric Meijer

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