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GLOBAL MARKETS-US stock futures up, oil down on hopes Syria attack a one-off

From Reuters - April 15, 2018

SYDNEY (Reuters) - U.S. stock futures firmed and oil fell on Monday as investors wagered the latest U.S.-led strike on Syria would not escalate into a wider conflict, though Asian markets turned mixed as selling in bank shares slugged Chinese indexes.

EMini futures for the S&P 500 ESc1 rose right from the start and were last up 0.4 percent, while Eurostoxx 50 futures STXEc1 added 0.27 percent.

Japan's Nikkei .N225 rose 0.3 percent. Yet MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slipped 0.4 percent as Chinese blue chips .CSI300 skidded 1.7 percent.

Real estate and financial firms led the declines as Chinese authorities continue to tighten the screws on riskier types of financing in a bid to reduce systemic risks.

The early mood had been one of relief that the well-telegraphed attack on Syria had been limited in scale.

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 assumed 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 doesnt look probable.

Safe-haven assets eased slightly in response, with yields on U.S. 10-year Treasury debt US10YT=RR up two basis points at 2.84 percent.

EYEING ABE

The dollar failed to hold its early gains on the yen and eased to 107.20 JPY=, though that was still up on last week's low around 106.62.

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