Currency

Stocks rise as Turkish lira steadies

11 monthes ago   |   By

Thomson Reuters
Stocks rose Tuesday as investors turned from a currency crisis in Turkey to solid economic data and strong earnings. The dollar and Treasury yields extended gains.
Here's the scoreboard: See the rest of the story at Business Insider NOW WATCH: Everything wrong with the iPhone See Also: 'Clear risks of contagion': European markets drop as Turkey's lira crisis spreads around the world The stock market is stretched to double tech-bubble extremes, according to one measure - here's why investors should be very scared of the implications There's a $1 trillion question hanging...
Read more ...

 

Stocks rise as Turkish lira steadies

Stocks rise as Turkish lira steadies

11 monthes ago   |   By

Thomson Reuters
Stocks rose Tuesday as investors turned from a currency crisis in Turkey to solid economic data and strong earnings. The dollar and Treasury yields extended gains.
Here's the scoreboard: See the rest of the story at Business Insider NOW WATCH: The CEO of one of the largest health insurers in the US explains the problem with healthcare in America See Also: 'Clear risks of contagion': European markets drop as Turkey's lira crisis spreads around the world The stock market is stretched to double tech-bubble extremes, according to one measure - here's why investors should be...
Read more ...

 

Turkey crisis contagion fears persist: 'These things can turn on a dime'

Turkey crisis contagion fears persist: 'These things can turn on a dime'

11 monthes ago   |   By

Burhan Ozbilici/AP
Global markets have stabilized after initial fears that Turkey's crisis would spread to other emerging economies or even Europe - but that does mean the danger is over.
Turkey plays a key geopolitical role as a NATO member that makes any threats to its stability even more important to its neighbors.
Investors fear the crisis could spread to other vulnerable emerging states like South Africa and Argentina, while some European banks hold substantial exposure to Turkish assets.
Turkey's deepening currency run, which some analysts worry may soon morph into a debt repayments...
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