Markets sharply lower on Syria, debt ceiling, Fed’s taper

FXstreet.com (Edinburgh) -The likeliness of a US military intervention in Syria is growing bigger on Tuesday, dragging the DowJones to a triple-digit drop, or 0.87%. Another front opened after the US could reach its debt ceiling by October, adding to the bearish sentiment dominating the global markets today. Both the S&P500 and the Nasdaq are following suit, down 1.20% and 1.71%, respectively. The greenback, tracked by the US Dollar Index, is now hovering over session lows below 81.20, retreating markedly after yesterday’s advance.

The Syrian situation also hit bourses in Euroland, offsetting the positive results from the German IFO indicator and …read more