5 Sep 2013
Flash: Russia says Syrian intervention without UN resolution would be an ‘act of aggression’ – Deutsche Bank
FXstreet.com (Lisbon) - Markets remained largely resilient to Syrian turmoil yesterday despite some small wobbles late in the US session, note Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank.
Key quotes
“News that the US Senate Foreign Relations Committee voted to approve a resolution backing a limited military operation against the Syrian government saw the S&P500 (+0.8% on the day) drop a couple of points towards the close, but the overall damage from the headline was contained.”
“While the resolution itself is expected to go before the Senate mid next week, the overall Syrian situation is set to cast a shadow of today’s G20 summit in St Petersburg although the conflict is not formally on the Summit’s agenda. Yesterday Russia’s Putin said US Congressional approval without a U.N. Security Council resolution would be an act of aggression.”
Key quotes
“News that the US Senate Foreign Relations Committee voted to approve a resolution backing a limited military operation against the Syrian government saw the S&P500 (+0.8% on the day) drop a couple of points towards the close, but the overall damage from the headline was contained.”
“While the resolution itself is expected to go before the Senate mid next week, the overall Syrian situation is set to cast a shadow of today’s G20 summit in St Petersburg although the conflict is not formally on the Summit’s agenda. Yesterday Russia’s Putin said US Congressional approval without a U.N. Security Council resolution would be an act of aggression.”