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    Posted August 6, 2012 by
    timothyjfry
    Location
    Kansas City, Missouri

    MARKET FOCUS: Russia denies issuing statement on Assad health via Twitter

     

    Russia's Interior Ministry denied on Monday issuing any statement via Twitter on the health of Syrian President Bashar al-Assed, dismissing the validity of a tweeted message that had suggested the Syrian leader might have been killed.  Link to the Reuters report: http://www.reuters.com/article/2012/08/06/us-syria-crisis-russia-assad-idUSBRE8750TZ20120806

     

    These initial Twitter reports were running around the rumor mill earlier in the financial news universe as market news and commentator, ZeroHedge, picked up the speculative story off of RanSquawk.  At the time of the report Crude Oil and Equity futures markets rallied on the news to peak out at the $92.00/bbl level, however on weak volume.  Since the hoax comments on the Syrian President's death and the resulting doubt of accuracy of the report, Futures markets have been seen as slow moving throughout the session as comments from Euro-Zone and other government officials has been light throughout morning.  The next question is whether the slow grind uptrend seen in today's markets can sustain on the light volume and challenge the the 1400 level in the E-Mini S&Ps (ES).

     

    The earlier reports apparently came from a hoax Twitter account portraying the Russian Interior Minister: https://twitter.com/miniinterrussia

     

    Earlier tweets from the hoax Twitter account included

     

    "RUSSIAN GOVERNMENT CONFIRMS: BASHAR AL ASSAD, PRESIDENT OF SYRIA, HAS BEEN KILLED TODAY IN LATAKYJA WITH HIS WIFE AND TWO PEOPLE."

     

    "ACCORDING TO UNCONFIRMED REPORT FROM RUSSIAN DIPLOMATS IN DAMASCUS PRESIDENT ASSAD HAS BEEN KILLED TODAY."

     

    "RUSSIAN AMBASSADOR IN DAMASCUS REPORTS THAT PRESIDENT OF ARAB REPUBLIC OF SYRIA BASHAR AL ASSAD HAS BEEN KILLED OR INJURED."

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