An international report: Daash incurring the global economy $ 1.8 trillion
An international report: Daash incurring the global economy $ 1.8 trillion
10/08/2014 (00:01 pm)
London / New York-Tokyo – Reuters
Global stock has lost about 1.8 trillion dollars of value during the past two weeks amid growing conflict in Iraq and renewed rocket fire on Israel and start a trade war between Russia and the European Union and America.
And global stocks fell Friday as bonds rose to pay returns on German bonds to reach a record level low, under pressure from the announcement by President Barack Obama agreed to launch air strikes in Iraq, which led to boost demand for safer assets.
The value of the Swiss franc rose and gold and oil, while the landed value of the Russian ruble and Turkish lira.
The agency reported that the Bloomberg index Morgan Stanley Global Equity has fallen by 0.4% in early trading in London. And resulted in a wave of selling to reduce the prices of stocks in France and Germany by not less than 10% compared to the peak of its ascent during the current year. The yield on German bonds for 10 years by four basis points to 1.02%, and fell as the yield on United States Treasury to reach its lowest level in more than a year.
And President Barack Obama said that the United States would attack militants of the Islamic state in the case of their movement towards the Kurdish city of Arbil, which exists by American diplomats.
Said Tomihasa Fujiki expert in strategies of interest rates in BNP Paribas in Tokyo that global investors have become searching for assets most quality and safer, and that due to the escalation of tensions globally, and expected continuation of the wave decline in stock markets and a recovery bonds, which began earlier this month
The Index was down «FTSEurofirst 300» of leading European shares was up 0.9 percent to 1302.48 points. The index has lost about seven percent since mid-June. Across Europe, the index fell «Financial Times 100» British rose 0.2 percent while the «CAC 40» French 0.9 percent and »DAX» German 1.1 percent.
The inn shares «Afrin» for the production of oil listed in the London Stock Exchange, 6.3 percent
After it announced that it had suspended production at the oil field Brdarsh Kurdistan Region of Iraq, which closes the first field in Kurdistan with the progress of the organization of militants of the Islamic State (Daash) towards the region. Shares of companies «Gulf Keystone Petroleum» and »Genel Energy», which also operated in the region by 2.6 and four percent, respectively, while the index fell «Stoxx Europe 600» of the shares of oil and gas companies 0.7 percent.
The benchmark «Nikkei» record for Japanese stocks to the lowest level in two months, its biggest daily loss in five months, with investors feared global growth adversely affected by the geopolitical crisis in the Ukraine and the Middle East. The inn «Nikkei» 3.0 percent to close at 14778.37 points. And tumbled 6.2 percent from its highest level in six months of 15759.66 points, hit a week ago.
The index fell «Topix» broader 2.4 percent to 1228.26 points and the index fell «JP X – Nikkei 400» for itself.
US stocks closed lower yesterday night where cast concerns about the penalties bickering between Russia and the West shadows on strong jobs data had lifted the market in morning trading. The index fell «Dow Jones» Industrial 75.46 points, or 0.46 percent, to 16367.88 points, and the index fell «Standard & Poor’s 500» by 10.69 points, or 0.56 percent, to 1909.55 points and the index fell «NASDAQ» Composite 20.09 points, or 0.46 percent, to 4334.97 point.
Currency
Awad euro some of its losses against the dollar and the pound sterling yesterday, while investors sought behind the currencies of safe havens such as the yen and the Swiss franc after it approved President Barack Obama on the air strikes in Iraq, which contributed to the decline of the dollar is about 0.5 percent against the yen, rising Swiss franc 0.25 percent. The euro rose against the British pound and 0.3 percent against the dollar, 0.2 percent.
It is expected to press Russia to ban food imports from the West on European growth and the euro in the form of a key. The yen rose 0.4 percent before paring gains to 0.1 percent recorded 101.92 yen to the dollar.
The price of gold rose to its highest level in three and a half weeks yesterday, heading toward the biggest weekly gains in seven weeks as the dollar fell and stocks after Obama’s decision, which he said authorized air strikes «target» against fighters of «Islamic state» in northern Iraq operations projection Joey humanitarian supplies to religious minorities under siege there to prevent «action potential genocide». The price of gold in the immediate trading 0.3 percent to 1316.80 dollars an ounce after reaching its highest level since 14 July last at 1322.60 dollars earlier.
The price of gold in the American futures contracts delivered December (December) to $ 6.20 to $ 1318.70.
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