Turkish elections: lira, stock markets tumbling after President Recep …

Oscar Williams-Grut

Jun. 8, 2015, 9:35 AM

REUTERS/Murad SezerTurkish President Recep Tayyip Erdoğan cast his ballot at a polling station during the parliamentary election in Istanbul on Sunday.Turkey’s stock market is tumbling and the lira is down over 5% against the dollar Monday morning after President Recep Tayyip Erdoğan suffered a huge setback in the country’s elections.Erdoğan’s AKP has suffered its first […]

Lukewarm stock market has investors betwixt and between …

Wikimedia CommonsStock investors are expected to tread carefully next week, as speculation about the timing of a US Federal Reserve interest rate hike adds to concerns about valuations.Since hitting record levels two weeks ago, the US stock market has struggled for direction, and investors said the next several sessions might prove no better. A run of better-than-expected economic figures failed […]

Social media is not a substitute for on-ground market sentiment …

Years ago, when I was working on a MNC account, the MD of the Indian operations (a Canadian) asked why his ads (for an FMCG brand) were not shown on sports channels during telecast of golf tournaments. When I told him that the numbers didn’t warrant it, he said, ‘but all my friends watch golf’. That’s the trouble with hanging […]