The shooting down of the Malaysian Airlines passenger plane over Eastern Ukraine occurred at the end of last week as Israel began a ground invasion into Gaza to end Hamas rocket fire, and as the Islamic State continued fighting in Iraq and Syria.
Founder of Banc De Binary, Oren Laurent, comments, “This series of geopolitical events sent European equities and stock markets down. On Friday morning, we saw London’s FTSE, Paris’ CAC and Frankfurt’s DAX all lose value. Russia and the Middle East are geographically close to Europe and keep in mind that Russia is Europe’s single largest energy supplier. The prospect of further sanctions on Russia, along with military and political uncertainty across multiple countries, has hit European stocks. There is concern about oil supply and trade, and likely negative repercussions for the tourism industry.”
At present, financial analysts remain in debate about the long-term market implications of the current crises. However, Banc De Binary offers its clients a binary options platform which facilitates short-term, direction-based trades. Its traders have therefore been able to respond immediately to the unfolding international news.
Laurent notes that many investors are opening short trades on the key European indexes at the same time as trading upwards on the Japanese yen and gold which traditionally rise in times of global uncertainty. Gold experienced in biggest gain in four weeks on Thursday amid demand for the safe haven asset, and the yen strengthened against its major currency peers.
About Banc De Binary: Banc De Binary was founded in 2009 in the aftermath of the financial crisis, and has quickly become the global leader in binary options trading. It has more than 200,000 client accounts worldwide and offers trading on 200 stocks, currencies, commodities and indices.
Regulation: Banc De Binary is a Financial Services Company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under license no. 188/13 and is registered with such global regulatory authorities as the FSA, FSB and other EEA financial licensing bodies.