© AFP/File Louisa GouliamakiPeople queue at ATM machines outside a branch of Piraeus Bank in central Athens on June 29, 2015Athens (AFP) – Attention will be focused on Greece’s embattled banks on Monday when the Athens stock exchange reopens after a six-week shutdown over the country’s debt crisis.The banks are in a vulnerable position because of outflows of billions of […]
Oscar Williams-Grut
Jun. 8, 2015, 3:16 AM
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REUTERS/Murad SezerTurkish President Tayyip Erdogan cast his ballot at a polling station during the parliamentary election in Istanbul, Turkey, June 7, 2015.Turkey’s stock market is tumbling and the lira is down over 5% against the dollar this morning after Turkish president Recap Tayyip Erdoğan suffered a huge poll in elections.Erdoğan’s AKP has suffered its first […]
Oscar Williams-Grut
Jun. 8, 2015, 9:35 AM
2,081
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 […]
Financial MarketsChina stocks surged and led the most of Asian shares higher on Monday, after regulators announced a long-awaited stock trading link between Hong Kong and Shanghai will start next week. The Shanghai Composite Index advanced 2.3% to the highest level since November 15, 2011, while the Hang Seng Index gained 0.8%. The so-called Stock Connect trading scheme will allow […]
Digital War [Publisher’s Note: This article arrived yesterday August 5, 2014, but is being published on August 6, 2014]Today at 8AM a cease fire has been declared in operation Protective Edge. The public discussion over the operation, however, will stay with us for a long time. Public opinion is one of the key influence factors on countries and people behavior. […]
For the first time in years, Iraq news is moving the markets again. Turkish stocks took a beating on Wednesday, with the iShares MSCI Turkey ETF (TUR) shedding 5.2%.The apparent reason? Armed militants from the terrorist group the Islamic State in Iraq and Syria (“ISIS”) seized the Turkish consulate in Mosul, taking the consul and his staff of nearly 50 […]
Recent events in Turkey, and prior events in Egypt and Libya got me thinking about the amazing power of social media.On Thursday, Turkey’s prime minister Recep Tayyip Erdogan vowed to eradicate twitter, adding “The international community can say this or that – I don’t care. They will see the power of the Turkish Republic.”The next day a “digital coup” occurred […]
U.S. stocks are sliding and yields are plummeting as Treasuries surge following the release of much worse than expected manufacturing survey data from the Institute of Supply Management.The headline index from the ISM report tumbled to 51.3 from December’s 56.5 reading, indicative of a sharp slowdown in American manufacturing in January. The consensus Wall Street estimate called for a much […]
APSee AlsoHere’s What Stocks Do When Interest Rates Are RisingHere Are 10 Things We Learned About The Economy And Markets In 2013The Weekend Is Over And Markets Are Mostly Drifting LowerWhen the Turkish stock market dives 5.2% like it did yesterday, it drags the world down with it.
Of course, it dragged down the iShares MSCI Turkey ETF (which also fell […]
