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Turkey Meltdown: Lira Implodes As Panicked Sellers Spark Global Contagion

The Turkish currency crisis is finally here and it is sending shockwaves aroun.....»»

Category: blogSource: zerohedgeAug 10th, 2018

Futures drop on worries about Turkey currency crisis

U.S. stock index futures fell on Monday as a meltdown in Turkish lira weighed on shares of big U.S. lenders and triggered a widespread selloff in global equities......»»

Category: topSource: reutersAug 13th, 2018

Turkish lira pulls back from record low, markets rattled

Turkey's lira pulled back from a record low of 7.24 to the dollar on Monday after the central bank pledged to provide liquidity and cut reserve requirements for Turkish banks, but its meltdown continued to rattle global markets......»»

Category: topSource: reutersAug 13th, 2018

Turkey’s currency panic reveals a major downside of Trump’s ‘America First’ policy — and offers an early warning to the Fed

(Photo by Getty Images) Turkey's currency crisis has lurched on to the global stage, denting European and US stocks as fears of contagion rise. The country's economy was already in trouble, but the lira.....»»

Category: topSource: businessinsiderAug 10th, 2018

Markets Now: Dow Drops 200 Points as Turkey Gobbles Global Markets

Stocks are falling this morning as the Turkish lira dropped more than 10% overnight, raising concerns about contagion......»»

Category: blogSource: barronsAug 10th, 2018

How a currency meltdown in Turkey threatens Europe

Worries over a fragile Turkish economy and the risk of contagion in Europe unnerved investors on Friday and sent the lira to a record low against the US dollar......»»

Category: topSource: moneyAug 10th, 2018

Treasury Bond Futures Lower in Spite of Mostly Bullish News

U.S. stock index futures are higher as expectations grew that the U.S. and China would begin new trade talks, while an interest rate increase in Turkey supported the Turkish lira and global risk appetite......»»

Category: optionsSource: insidefuturesSep 14th, 2018

World stocks boosted by trade hopes, tech, and Turkey

World stocks hit their highest levels in over a week on Friday as expectations grew that the United States and China would open new trade talks, while an interest rate hike in Turkey supported the lira and global risk appetite......»»

Category: topSource: reutersSep 14th, 2018

Trade hopes, tech, and Turkey bolster world stocks

Shares rose around the world on Friday as expectations grew that the United States and China would open new trade talks, while an interest rate hike in Turkey supported the lira and global risk appetite......»»

Category: topSource: reutersSep 14th, 2018

U.S.-China trade talks optimism lifts shares, oil gains

A gauge of global equity markets rose on Monday on hopes U.S.-China trade talks this week will diffuse the dispute, while Turkey's lira fell anew on cuts to the country's credit ratings and after shots were fired outside the U.S. Embassy in Ankara......»»

Category: topSource: reutersAug 20th, 2018

Global stocks edge higher as Turkey worries offset U.S.-China trade talks

NEW YORK - Another steep decline in the Turkish lira on Friday pushed emerging market equities lower and kept other world markets cautious, overshadowing hopes that an upcoming U.S.-China meeting would resolve concerns over trade tariffs......»»

Category: topSource: reutersAug 17th, 2018

Global stocks, emerging market currencies rise on planned U.S.-China trade talks

U.S. stocks and emerging market currencies rebounded on Thursday after China said it will hold trade talks with the United States later in August and Turkey's lira continued its recovery......»»

Category: topSource: reutersAug 16th, 2018

One trader lost $19 million on the Turkey turmoil — here are the winners and losers from the crisis

Reuters; Reuters The collapse of the Turkish lira is the big story in global markets. A big winner has been Deutsche Bank's CEEMEA de.....»»

Category: topSource: businessinsiderAug 16th, 2018

Lira Surges After Turkey Crushes Shorts, Imposes New US Sanctions, Denies Brunson Appeal For Release

In a day in which the dollar set new highs against all emerging market pairs and global risk was on the defensive, the Turkish Lira bucked the trend and extended its rapid rebound from record lows, after Turkish regulators imposed new "soft capital con.....»»

Category: blogSource: zerohedgeAug 15th, 2018

Global shares rebound as lira pulls out of nosedive

World share markets rebounded on Tuesday as Turkey's lira pulled out of a recent nosedive and reassuring data from Germany helped offset the latest wobbles in China's giant economy......»»

Category: topSource: reutersAug 14th, 2018

Trader Scoffs At "Mind-Boggling" Market-Bounce "Turkey Is Contained" Rationalization

The Dow is up over 100 points and the Turkish Lira is up 5%, rallying away from the dreaded 7.00 Maginot Line of global doom... and judging by the notes and business media narrative this morn.....»»

Category: blogSource: zerohedgeAug 14th, 2018

Europe Markets: European stocks gain broadly as Turkey’s lira stabilizes

European stocks on Tuesday rose on Tuesday, putting the pan-European index on the verge of booking a gain for the first time in the past three sessions as an apparent currency meltdown in Turkey showed signs of steadying......»»

Category: topSource: marketwatchAug 14th, 2018

Wall Street dragged down by fall out from Turkey"s plunging lira

U.S. stocks dropped on Monday as global jitters from Turkey's plummeting currency spread to Wall Street, with the S&P 500 and the Dow falling for the fourth session in a row......»»

Category: topSource: reutersAug 13th, 2018

Turkey Drives Up Worry: Global Week Ahead

The Turkish Lira rout that started last week is the big story for this coming week. In turn, U.S. and Europe.....»»

Category: worldSource: nytAug 13th, 2018

S&P 500, Dow slip as Turkey"s currency woes spread

The S&P 500 and the Dow industrials fell on Monday as a global contagion of market jitters arising from the plunge of Turkey's currency spread to Wall Street, while the Nasdaq edged higher on gains from tech stocks......»»

Category: topSource: reutersAug 13th, 2018

Italy Gives ECB An Ultimatum: "Guarantee" Bond Spreads Or "Euro Will Be Dismantled"

While the world remains focused on ground zero of the latest emerging markets crisis, Turkey, and whether contagion from its plunging currency will further pressure global asset.....»»

Category: blogSource: zerohedgeAug 13th, 2018