OIL PRICE: NOT ABOVE $72
REUTERS - Asian share markets were mixed and oil prices fell on Monday as relief U.S.-led strikes on Syria looked unlikely to escalate was tempered by concerns at Russia's potential reaction to new sanctions from Washington.
With the situation in the Middle East still fluid, moves were modest and in both directions. EMini futures for the S&P 500 ESc1 nudged up 0.38 percent, while Japan's Nikkei .N225 added 0.2 percent.
Yet MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slipped 0.4 percent as Chinese blue chips .CSI300 took an early 0.7 percent dip.
The United States, France and Britain launched 105 missiles targeting what the Pentagon said were three chemical weapons facilities in Syria in retaliation for a suspected poison gas attack in Douma on April 7.
Russian President Vladimir Putin warned on Sunday that further Western attacks on Syria would bring chaos to world affairs, as Washington prepared to increase pressure on Russia with new economic sanctions.
But with President Donald Trump declaring mission accomplished, investors wagered the worst had been avoided.
"Trump was able to enforce his chemical weapons red line without crossing the threshold for Russian retaliation," analysts at JPMorgan said in a note.
"Stocks were concerned about a prolonged and expanded U.S. campaign toward Assad and that doesn't look probable."
Safe-haven assets eased in response, with yields on U.S. 10-year Treasury debt US10YT=RR up two basis points at 2.84 percent.
The dollar was a fraction firmer on the yen at 107.40 JPY=, up on last week's low around 106.62.
Dealers were keeping a wary eye on Japanese politics after a survey showed support for Japanese Prime Minister Shinzo Abe had fallen to 26.7 percent, the lowest since he took office in late 2012.
Abe's sliding ratings are raising doubts over whether he can win a third three-year term as ruling Liberal Democratic Party (LDP) leader in a September vote, or whether he might even resign before the party election.
The euro was steady at $1.2330 EUR=, while the dollar index eased a touch to 89.772 .DXY.
In commodity markets, gold gained 0.1 percent to $1,346.61 an ounce XAU=, but remained well short of last week's peak at $1,365.23.
Oil prices slipped with Brent crude futures LCOc1 off 66 cents at $71.92 a barrel, while U.S. crude CLc1 fell 56 cents to $66.83 a barrel.
Looking ahead, the U.S. earnings season kicks into high gear this week with Thomson Reuters data predicting profits at S&P 500 companies increased by 18.6 percent in the first quarter from a year ago, their biggest rise in seven years.
Yet with expectations so high, bank shares ran into profit-taking on Friday after a batch of mixed results.
In Asia, China reports its gross domestic product for the first quarter on Tuesday with market forecasts clustered around growth of 6.7 percent to 6.8 percent.
The United States reports retail sales later on Monday and there are around 15 Federal Reserve speakers in the diary for the week.
Also this week, the IMF will hold its spring meetings of central bankers and finance ministers in Washington.
|April, 23, 14:55:00|
|April, 23, 14:50:00|
|April, 23, 14:45:00|
|April, 23, 14:40:00|
|April, 23, 14:35:00|
|April, 23, 14:30:00|
FT - US shale oil companies have started to generate free cash thanks to the rise in crude prices, a landmark moment for an industry that has until now relied on an inflow of capital to support its growth.
WBG - Bank Group must strengthen its financial capacity to meet the aspirations of its shareholders, mobilize capital at scale, and respond to global development challenges.
IMF - we agreed on the need to accelerate structural reforms and access to finance in order to raise overall investment and medium-term growth rates to support job creation. The Fund, through its policy advice, can assist countries to design and implement growth-friendly fiscal adjustment, when needed, that responds to the country-specific sources of debt vulnerabilities while preserving needed investments in infrastructure, human capital, and other priority expenditures
IMF - Directors also agreed that the Fund should continue to address governance issues and corruption in surveillance when the applicable standard of the Integrated Surveillance Decision has been met.