Tag Archives: Markets

fresh economic data in focus

As concerns surrounding the future of Turkey’s economy and the U.S.’ trade ties with major economies continue to rattle investors, Wednesday will mark the day when a slew of economic data is due. At 7 a.m. ET, the routine weekly mortgage applications are due, followed by retail sales, the Empire State Manufacturing survey, and productivity & costs, which are all

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US Bonds and fixed income: Turkey’s financial woes continue

Global markets continue to see red, after Turkey’s financial troubles sparked fear of contagion and the country’s lira currency took a deep slide. On Friday, the lira temporarily tumbled 20 percent against the U.S. dollar, after President Donald Trump said he supported doubling metal tariffs on Ankara. While the lira pared some losses over the weekend, after Turkey’s finance minister

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US markets: Turkey’s economic woes continue

Last week’s concerns over the state of Turkey’s economy continue, with markets in both the Asia-Pacific region and Europe showing red across the board Monday. Stocks, too, continue to see red, after Turkey’s financial troubles sparked fear of contagion and the country’s currency took a deep slide. On Friday, the lira temporarily tumbled 20 percent against the U.S. dollar, after

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