Risk-Off: Turkish rout spreads…

Risk-Off: Turkish rout spreads…

  The Trading Room®     LIVE TRADING ROOM ACCESS       PERFORMANCE

Join us in our live futures trading room, from 7:30 to 10:30 am ET.
Access is simple, here is how to get started with a two week free trial…
Click on the following link and register as a guest.  

WORLD HEADLINES – Global markets shuddered on Monday, as Turkey’s worsening currency crisis persuaded investors to dump equities and emerging markets and flee to safer assets such as government bonds and the dollar.

STOCKS – The MSCI world equity index, which tracks shares in 47 countries, was down 0.5 percent on Monday and 1.6 percent since Friday’s open as the Turkish lira plunged to a record low, forcing the country’s finance minister to announce an economic action plan to ease nerves .

BONDS – Overnight, U.S. Treasury 10-year yields also dipped to the lowest in just over three weeks at 2.85 percent.

COMMODITIES – Copper prices, often seen as a proxy for global economic growth, were down 1 percent. In other commodity markets, gold was last down half a percent.

CURRENCIES – The euro fell to a one-year low against the dollar on Monday and sank to a one-year trough against the Swiss franc as well. It hit a 10-week low to the yen around 125.45.

ECONOMIC DATA – CNY Industrial Production y/y due at 22:00 ET.

trade titan room

COMMODITY FUTURES, OPTIONS, AND FOREX TRADING INVOLVES SUBSTANTIAL RISK AND IS NOT SUITABLE FOR ALL INVESTORS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
Close Menu