LONDON (AP) — Growing concerns over a military intervention in Syria weighed on stock markets Tuesday but gave a lift to oil prices and supposedly safe assets such as the Japanese yen.
A day after U.S. Secretary of State John Kerry Monday claimed it was “undeniable” that the Syrian government used chemical weapons, stock investors have fretted about the possibility of U.S.-led military action against the Assad regime. At times of uncertainty, investors often move out of perceived risky assets such as stocks.
Wall Street was poised for a lower opening too, with Dow futures and the broader S&P 500 futures 0.7 percent lower.
Other assets though were supported by the uncertainty, including oil prices. The benchmark New York rate was $1.14 a barrel at $107.06.
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