Aug 17, 2018
In Asia, the stock markets today followed Wall Street's positive direction after talks between the US and China scheduled for the end of August nurtured hopes of an easing in the ongoing trade dispute between the two world's largest economies. A fast agreement in this poker to gain better trading conditions might not be however to expect. Investors also hope for signs of relief in the Turkey crisis.
Aug 16, 2018
Investors remain cautious in the face of a potential further escalation of geopolitical risks (trade war, Turkey, Russia, or Iran) and even solid US economic data were unable to brighten the tarnished stock market sentiment and currently remain in the background in the perception of investors.
Aug 15, 2018
The crisis in Turkey continues to weigh on the stock markets and increases investors' risk aversion. Following the threat by Turkish President Erdogan to boycott US electronics in response to the recently doubled US tariffs for steel and aluminum, the conflict threatens to escalate further. The Turkish lira resumed its slide in Asia and lost up to -3.4% against the US dollar in early trading.
Aug 14, 2018
In view of the lack of new impetus, capital markets are currently focusing on the Turkish crisis. Investors are concerned that Turkey's economic collapse could affect the European banking system and other emerging markets.
Aug 13, 2018
Stock market indices came under pressure at the end of last week, driven by widespread fears of a further escalation of the trading conflict and the crisis in Turkey, accompanied by the collapse of the lira and the US sanction against Russia. The euro temporarily fell to a 13-month low on Friday