European markets opened in red on Syria jitters, EUR grinding lower

FXstreet.com (Edinburgh) -Bourses in Euroland keep the negative tone as a US-led military intervention in Syria gathers steam. Stocks remain on the back foot while both spot gold and the barrel of crude escalate further. The Spanish bench mark is down 0.68%, followed by the DAX and the FTSE100, losing 0.58% and 0.33%, respectively. The EUR/USD failed once again to follow through the critical 1.3400 barrier overnight, testing lows in the vicinity of 1.3370 soon after the opening bell in London.

Markets in Asia closed in a ‘sea of red’ following the pullback in Wall St. and against the backdrop of increased international pressure on Syria and the imminence of a US strike. The NIKKEI225 fell 1.51%, followed by the Hang Seng, 1.55% and the Shanghai, 0.11%. The Indian rupee continues its depreciation against the greenback, losing almost 20% ytd.