Turkey

Global stocks are getting slammed and major currencies are going haywire on a wild Friday in markets

4 monthes ago   |   By

Getty Images / Mario Tama
Global markets are in turmoil on Friday, with a historic plunge in the Turkish lira at the center of the chaos.
The lira's decline caps a week of political news that's unnerved investors, as the US ramped up sanctions on Turkey and Russia, and the United Kingdom fretted over a no-deal Brexit.
US investors shifted focus from strong corporate earnings to the rout in Europe, sending the major stock-market indexes lower.
A slew of unnerving headlines all week from the United Kingdom, Russia, and Turkey has culminated in a wild Friday for global markets.
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