Tag Archives: World 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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economic data on the agenda

Markets around the world are pointing in different directions Thursday, as investors monitor the latest developments in the trade spat between the U.S. and China. On Wednesday, U.S. Treasury yields came under pressure after Beijing announced it would counter the most recent round of U.S. tariffs with its own. The Chinese Ministry of Commerce announced a 25 percent charge on

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