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11 Sep 2013
Flash: Equities notch impressive rally after Syria abates – Deutsche Bank
FXstreet.com (Lisbon) - Markets have continued with their impressive run and we've now seen 7 full business days in September and global equities have been higher for all of them and the S&P500 has not seen a down day since the last business day of August, notes Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank.
Key quotes
“A combination of falling crude prices (down 4% since Friday), a potential back down in the threat of a US military strike in Syria and yesterday’s firmer Chinese industrial production data combined to give the S&P500 (+0.73%) its longest winning streak since July.”
“In a prime time televised speech, Obama reiterated his moral arguments for action in Syria but said that he was willing to give diplomacy a chance to run its course. S&P500 futures responded positively to the President’s comments.”
Key quotes
“A combination of falling crude prices (down 4% since Friday), a potential back down in the threat of a US military strike in Syria and yesterday’s firmer Chinese industrial production data combined to give the S&P500 (+0.73%) its longest winning streak since July.”
“In a prime time televised speech, Obama reiterated his moral arguments for action in Syria but said that he was willing to give diplomacy a chance to run its course. S&P500 futures responded positively to the President’s comments.”