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Turmoil in Turkey’s financial markets after currency crackdown

Istanbul stock market plunges as President Erdoğan tries to stop lira being lent abroad WT24 Desk Financial markets in Turkey have experienced a fresh period of turmoil, putting the country’s recovery from recession at risk and raising questions over the health of emerging markets as the world economy slows, The Guardian reports. President Recep Tayyip Erdoğan’s government heaped pressure on Turkey’s banks ...

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Asian markets mixed as dealers struggle to pick up Wall St rally

WT24 Desk HONG KONG – Asian markets were mixed Wednesday, with a strong lead from Wall Street offset by lingering concerns about the global economy, while oil prices extended gains after Russia reassured over its intention to cut output, AFP reports. Trading remains choppy across the region after a key US gauge raised a redflag warning of recession, adding to ...

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Bond yields are edging higher, easing stock market’s recession jitters

Markets are recovering after days of concern about a potential slowdown in US growth.US 10-year Treasury yields edged up to ease traders’ minds about the risk of recession.China continued its slump while US futures pushed higher. WT24 Desk Markets eased a sigh of relief on Tuesday after traders fretting about warning signs in the bond market dragged global stock markets ...

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Asian markets suffer blood-letting on global growth fears

WT24 Desk HONG KONG – Asian markets plunged Monday after a sharp sell-off on Wall Street fuelled by concerns about the global economy and a possible recession in the United States, AFP reports. There appeared to be very little reaction to news that an investigationfound no evidence of collusion between Donald Trump’s election campaign and Russia, which observers said removed ...

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Price fall drives stocks down

WT24 Desk Stocks closed on Sunday of the week with downward trend due mainly to price fall in large-cap securities, Agencies report. The falling major sectors were bank and insurance. A total of 154 securities of the large-cap group moved down due to lower activities. The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day with 58.07 points ...

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The stock market just got hit with a vicious trifecta that could accelerate its next major meltdown

The US stock market felt serious pressure from a trio of negative market forces on Friday, each of which is outlined in detail below.The overriding theme is that investors are getting increasingly worried about an economic slowdown — a sentiment that wasn’t helped by a spate of negative global manufacturing data. WT24 Desk There’s an old saying that when it ...

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Stocks tumble as bond market flashes recession signal

WT24 Desk U.S. stocks fell Friday morning, after a downbeat round of macroeconomic data in Europe and the United States raised global growth fears, and as a closely watched measure of the yield curve inverted for the first time since 2007, triggering recession worries, according to Marketwatch. What are indexes doing? The Dow Jones Industrial Average DJIA, -1.17% fell 276 ...

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Italy pulls out red carpet for Xi Jinping in trade charm offensive

Bocelli to sing for China’s president as Italy becomes first G7 nation to back ‘Silk Road’ plan WT24 Desk Rome gave a lavish welcome to the Chinese president, Xi Jinping, his wife and entourage on Friday as Italy and China controversially pledged to strengthen trade and investment ties, The Guardian reports. Xi is in the Italian capital on a two-day state ...

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Stocks close week down

WT24 Desk Stocks finished the week down on Thursday with falling trend of all major price indices at Dhaka and Chittagong Stock Exchanges due to lower demand, BSS reports. The broader DSEX of the DSE finished the week with 52.66 points down at 5,600.56.The Shariah DSES also followed the same trend with 2.49 points down at 1,289.71. But the blue-chip ...

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Most Asia markets down as dealers spooked by trade, Brexit

WT24 Desk HONG KONG – Asian markets mostly fell Wednesday with nervous investors keeping tabs on developments in the China-US trade talks and the Brexit saga, while awaiting the conclusion of a key Federal Reserve meeting, AFP reports. A general optimism about the outlook for the tariffs negotiations hashelped propel equities higher across the world this year — offsettingconcerns about ...

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