Volatility is back for the Turkish lira, with the local elections planned for Sunday raising the likeliness of major disruptions to their financial markets. The cost of borrowing liras overnight on the offshore swap market soared past 1,000 percent at one point on Wednesday because local banks are under pressure not to provide liquidity to … Continue reading Upcoming Turkish Elections
Global Markets: Asian Stock Markets : Nikkei down 1.61%, Shanghai Composite down 0.82%, Hang Seng up 0.35%, ASX up 0.65% Commodities : Gold at $1316.65 (-0.02%), Silver at $15.31 (+0.06%), Brent Oil at $67.12 (-0.18%), WTI Oil at $59.20 (-0.35%) Rates : US 10-year yield at 2.351, UK 10-year yield at 1.016, Germany 10-year yield … Continue reading Thursday 28th March: Asian markets mixed on bond yield developments
The single currency sustained its downside presence Wednesday, weighed on by a swelling dollar and ECB’s Draghi’s dovish remarks, hinting a rate hike could be further delayed if necessary.
Global Markets: Asian Stock Markets : Nikkei down 0.38%, Shanghai Composite up 0.46%, Hang Seng up 0.57%, ASX up 0.09% Commodities : Gold at $1321.55 (+0.01%), Silver at $15.42 (-0.05%), Brent Oil at $67.59 (+0.24%), WTI Oil at $60.03 (+0.15%) Rates : US 10-year yield at 2.418, UK 10-year yield at 1.008, Germany 10-year yield … Continue reading Wednesday 27th March: Asian markets mixed, China gains.
A firm greenback across the board weighed on the single currency Tuesday, despite US consumer confidence reporting lower-than-expected numbers. The Conference Board Consumer Confidence Index declined in March, after increasing in February.
