Turkey Faces More Sanctions, Currency Dives

Turkey Faces More Sanctions, Currency Dives

Turkey Faces More Sanctions, Currency Dives $USDTRY: -1.93% to 5.837 Lira slides from session high after US Treasury Secretary Steven Mnuchin said Turkish officials will face new sanctions if the country does not release Pastor Andrew Brunson in short order US Treasury Secretary Steven Mnuchin said additional U.S. sanctions are ready if Turkey refuses to […]

Turkey’s Problems with the US will be Resolved

Turkey’s Problems with the US will be Resolved

Turkey’s Problems with the US will be Resolved Turkish President Tayyip Erdogan’s spokesman said Wednesday he expected problems with the United States, which helped drive the lira to record lows, to be resolved but Washington must stop trying to influence Turkey’s judiciary in a reference to the detention of Pastor Brunson for spying. Ibrahim Kalin […]

Turkish Lira Recovers, S&P 500 Caps Losing Streak

Turkish Lira Recovers, S&P 500 Caps Losing Streak

Turkish Lira Recovers, S&P 500 Caps Losing Streak $DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, the major US stock market indexes finished at: DJIA +112.22 at 25299.92, NAS Comp +51.19 at 7870.91, S&P 500 +18.03 at 2839.70, Volume: Trade on the NYSE came in at 657-M/shares exchanged The S&P 500 bounced Tuesday, ending its 4-session losing streak with a gainer of 0.6%. The NAS […]

Turkey’s Erdogan Talks Tough Publicly, Diplomats Talks Behind the Scenes

Turkey’s Erdogan Talks Tough Publicly, Diplomats Talks Behind the Scenes

Turkey’s Erdogan Talks Tough Publicly, Diplomats Talks Behind the Scenes Tuesday, Turkey’s President appeared to escalate a dispute with the United States that has helped foment a Turkish currency crisis, declaring that his country will boycott US-made electronic goods. Behind the scenes diplomats resumed formal talks to ease tensions. Addressing a conference of his ruling […]

US Bank Shares Off on Fears of Turkey’s Lira Dive

US Bank Shares Off on Fears of Turkey’s Lira Dive

US Bank Shares Off on Fears of Turkey’s Lira Dive $GS, $BAC, $BK Monday, US bank shares fell for a 3rd straight session running as investor appetite for risk weakened on worries that a currency crisis in Turkey would spread to other countries. The Turkish Lira has collapsed on concerns about President Tayyip Erdogan’s increasing […]

As Turkey’s Economy and Lira Dive, Erdogan ‘Pleads’ for Relief

As Turkey’s Economy and Lira Dive, Erdogan ‘Pleads’ for Relief

As Turkey’s Economy and Lira Dive, Erdogan ‘Pleads’ for Relief Saturday, Turkish President Tayyip Erdogan said it was wrong of the United States to try to bring Turkey into line with threats, a day after President Donald Trump 2X’d tariffs on Turkish metal imports as the row esclated. The 2 governments have been at odds […]

Collapsing Turkish Lira Shakes World Stock Markets

Collapsing Turkish Lira Shakes World Stock Markets

Collapsing Turkish Lira Shakes World Stock Markets $DIA, $SPY, $QQQ, $RUTX, $VXX A plunging Turkish lira sent shock waves through global equity markets Friday, causing concerns over the financial health of lenders with heavy exposure to the economically-struggling country. The S&P 500 lost 0.7%, dropping into the red for the week (-0.3%), and the Nasdaq […]