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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 softness in China's economy. After three weeks of heavy pounding, the lira (TRYTOM=D3) recovered some ground, trading at about 6.37 to the dollar, up almost 8 percent from the previous day's close. The Turkish currency was supported by news of a planned conference call in which the finance minister will seek to reassure investors concerned by President Tayyip Erdogan's influence over the economy and his resistance to interest rate hikes to tackle double-digit inflation.
NEW YORK (AP) — U.S. stocks rallied Tuesday as banks, retailers, and smaller companies jumped. That helped the market recover most of its losses from the previous two days.
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 softness in China's economy. After three weeks of heavy ...
THe three major indices all closed trading Tuesday in postive territory, led by the Nasdaq and the Dow which gained triple digits. The Dow Jones Industrial Average rose 0.45%, or 113 points to 25,300 while the S&P 500 gained 0.64%, or 18 points to 2,840 and the Nasdaq rose 0.65%, or 51 points to 7,871. shares are rising nearly 6% Tuesday afternoon after climbing 12% in Monday's session after activist hedge fund Elliott Management said that it believes the company is underperforming its capabilities.
Asian stocks were largely higher in early trading Tuesday, a day after widespread regional declines following Turkey’s currency crisis.
BEIJING (AP) — Most global stock markets steadied Tuesday as worries subsided over Turkey's currency crisis and its potential impact on other countries.
A triple set of data from China suggests U.S. tariffs are starting to bite, as fixed asset investment slows sharply amid a government crackdown on risky loans. European stocks post solid gains as stronger-than-expected German GDP adds to bullish tone amid modest gains in Turkish lira.
Investing.com - Asian markets were mixed in afternoon trade on Tuesday as the Turkish lira crisis began to ripple through other emerging markets. China data were also in focus as the country’s industrial data grew slower than expected.
Japan's Nikkei rebounded from a five-week low on Tuesday, as export-driven firms benefited from a pause in the safe-haven yen's appreciation following the Turkish lira's partial recovery. A strong yen cuts Japanese manufacturers' profits made abroad when repatriated, and the respite on the currency front allowed recent losers such as electric machinery shares to rise on short-covering, while index-heavyweight stocks like SoftBank and Fast Retailing also surged.
Investing.com - Asian markets were mixed in morning trade on Tuesday as investors continued to digest the impact of the economic uncertainty in Turkey.
The euro stood near a one-year low against the dollar and the Swiss franc on Tuesday, remaining under pressure as the Turkish lira wobbled on worries that Turkey's economic woes could hit European banks and spread to other emerging economies. Investors are nervous the plunge in the lira could prompt capital outflows from other emerging economies that run a hefty current account deficit and rely on foreign capital. Investors have rushed to the safe haven Swiss franc, which hit a one-year high of 1.1288 franc per euro on Monday and last stood at 1.1337.
The old stock market saws are always the best, and one of the oldest is “bull markets narrow”. Well, this nine-year global bull market is narrowing, and it’s narrowing into US equities. Last year, the S&P 500 index rose an impressive 19 per cent. Other markets were just about competitive.
U.S. stocks halted their longest slide since March and the dollar reached a 14-month high as investors brushed off Monday’s Turkey-induced turmoil. Treasuries dropped and WTI crude hovered above $67 a ...
Asian stocks tentatively rose Tuesday as the contagion from the economic crisis in Turkey remained relatively contained in developed markets overnight. Equities climbed in Japan as the yen pared some of Monday’s rise. Australia’s shares nudged higher and were little changed in South Korea.
Turkey's worsening currency crisis sent world equities lower and cut into the value of emerging market stocks and currencies on Monday, while boosting the prices of German bonds and other stable assets. The MSCI world equity index, which tracks shares in 47 countries, was down 0.8 percent on the day and 1.8 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. The lira has tumbled on worries over President Tayyip Erdogan's increasing control over the economy and deteriorating relations with the United States.
Turkey's worsening currency crisis sent world equities lower and cut into the value of emerging market stocks and currencies on Monday, while boosting the prices of German bonds and other stable assets. The MSCI world equity index , which tracks shares in 47 countries, was down 0.8 percent on the day and 1.8 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. The lira has tumbled on worries over President Tayyip Erdogan's increasing control over the economy and deteriorating relations with the United States.
United States Dollar The Turkish Lira continued its plunge against the US Dollar as the Lira remains the major headline for the week. At one stage a drop of more than 7% occurred and the USD/TRY breached 7 lira per dollar for the first time in its history of trading. Global emerging markets fell as … Continue reading "US Dollar Index at 14-Month Highs on Emerging Market Risks"
Global stock prices sank Monday as Turkey's financial turmoil fueled fears of contagion in other emerging markets. KEEPING SCORE: Germany's DAX declined 0.6 percent to 12,346 and London's FTSE 100 retreated ...
Global stocks extend declines on Turkey contagion concerns as lira slumps to fresh all-time low. Asia shares fall to near one-year as investors dump risk and drive cash into the dollar and the yen. Global stocks extended declines Monday as Turkey's economic crisis escalated, spilling over into the euro, hammering emerging market currencies around the world and driving investors into safe haven assets such as the yen and the U.S. dollar.
Japanese discount retailer Don Quijote Holdings Co Ltd (7532.T) said it would be interested in buying Seiyu if Walmart Inc (WMT.N) puts the Japanese supermarket chain up for sale, as it expands its presence in the domestic market. "If it came up for sale we would be interested and it is attractive," Don Quijote Chief Executive Koji Ohara told a news briefing on Monday. Walmart has struggled to replicate the success of its low-price model with Seiyu, which has more than 300 stores, and a sale would mark its latest exit from a low-growth market to shake up its overseas business and invest in places like China and India.
Investing.com – Asian markets were mostly lower in afternoon trade on Monday as investor feared the Turkish currency crisis could spill over into the global markets.
Japan's Nikkei tumbled 2 percent to a five-week low on Monday as a sell-off in emerging market currencies spooked stock investors, with the safe-haven yen's appreciation hurting sentiment and dragging ...
Asia share markets skidded and the euro hit one-year lows on Monday as a renewed rout in the Turkish lira drove demand for safe harbors, including the U.S. dollar, Swiss franc and yen. Ed Giles reports.