FX.co ★ Israel shoots test missile over sea, raising alarms on exchanges

The missile test that took place in the course of the joint drill of the U.S. and Israel armed forces exerted a powerful impact and gave a jolt not only to potential enemy’s targets, but also to quotations on the international exchange markets. Two ballistic missiles in the Mediterranean Sea made a splash among traders around the world since early in the morning. A considerable quote relapse was recorded on the trading facilities of Asia and Europe just after the Russian Federation’s Defense Ministry had reported about firing two missiles into the water zone. The routine trial operation came as a real bombshell in the financial world. So, North Sea crude oil prices shot up in a flash. When trading on September 3, Brent’s price quotation was at the high in three trading days reaching the price of $115.74 per barrel which had been the highest figure since August 29. The turbulence came to an end only after the official statement of Israel’s Defense Minister when the military acknowledged the fact of a scheduled trial test of Anchor system missiles, such launches are a routine/ common practice. “The panic triggered by the report on missile launching in the Mediterranean Sea is accounted for by a high degree of tension due to the situation in Syria (a feasible strike at Syrian targets from the US side, in particular) and the red alert combat readiness from the Russian side,” as it was commented by the Israeli government agency. Although the state of affairs on exchanges has settled down, the readings were not been able to get back on the normal track at the opening of the exchange.