There are deep fears of a possible confrontation between the U.S. government and Syria which has shaken up global markets. Money News reported on Aug. 27, 2013, Global Stocks Fall as Syria Jitters Escalate.
On Tuesday global stock markets fell due to increasing fears the U.S. government is positioning itself for a confrontation with Syria.
Growing concerns over possible U.S. military intervention in Syria weighed on stock markets Tuesday, according to an ABC News report by the Associated press. Just one day after U.S. Secretary of State John Kerry claimed that it was "undeniable" that the Syrian government has used chemical weapons, stock investors are growing deeply worried about the possibility of U.S.-led military action against the regime of President Bashar Assad.
Neil MacKinnon, global macro strategist at VTB Capital, has said, "The law of unintended consequences and the history of previous military interventions in the region is not a recipe for political and economic stability."
Although developments over Syria are likely drive investor sentiment through the rest of the day, investors will also be closely monitoring the next release of U.S. economic data following dismal durable goods orders figures for July.