|Bid||8.71 x 0|
|Ask||9.14 x 0|
|Day's range||8.36 - 9.21|
|52-week range||7.00 - 19.64|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Concerns over rising trade tensions weighed on emerging stocks and currencies on Monday, but Turkish assets enjoyed a relief rally after Tayyip Erdogan clinched victory in a closely fought election. Erdogan emerged victorious overnight from his biggest electoral challenge in 15 years, giving him sweeping, executive powers he has long sought and extending his grip on the nation of 81 million until at least 2023. With (Other OTC: WWTH - news) the vote delivering a more clear cut result than many expected, and with the immediate prospect of fresh elections averted, Turkey's lira strengthened 1.6 percent, local benchmark bond yields slipped and many dollar-denominated issues gained ground.
The dollar hit an 11-month high against a basket of its rivals on Wednesday as an escalating trade conflict kept investors from buying higher-yielding currencies and markets braced for growing volatility. Currency markets had breathed a sigh of relief after Beijing signalled its tolerance of a stronger currency by fixing a stronger daily midpoint than expected. Safe-haven currencies such as the Swiss franc and the Japanese yen were still well-supported, though.
World stocks steadied near three-week lows on Wednesday and Chinese markets bounced after recent sharp falls as expectations grew that policy stimulus by Beijing could temper some of the impact from an escalating Sino (Dusseldorf: 1205802.DU - news) -U.S. trade conflict. The dollar too eased off 11-month highs against a currency basket, Wall Street looked set for a stronger opening and MSCI (Frankfurt: 3HM.F - news) 's all-country equity index snapped a five-day run of losses, rising 0.3 percent. Its rebound was fuelled by a bounce of almost one percent in MSCI's non-Japan Asian shares off 6-1/2-month lows , following gains in Hong Kong, Seoul and mainland Chinese indexes .
The dollar paused on Wednesday after hitting a 11-month high in the previous session as investors consolidated bets after a recent rally, though concerns over a widening trade dispute between the United States and China kept sentiment on edge. Currency markets also heaved a sigh of relief after Beijing signalled its comfort with a stronger currency by fixing its daily midpoint stronger than market expectations. "Investors are waiting for the next developments on the trade war front but sentiment is still quite nervous," said Alvin Tan, a currency strategist at Societe Generale (Swiss: 519928.SW - news) in London.
Emerging stocks tumbled to eight-month lows on Tuesday led by big losses on Asian bourses as the tit-for-tat trade war between the United States and China escalated, with currencies such as the rand and lira also feeling the heat. The sharp risk-off move came after U.S. President Donald Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods after Beijing's decision to raise tariffs on $50 billion of U.S. goods. "The main concern is that this would be negative for trade flows, and that would have spillover effects for U.S. and Chinese demand for goods from other countries as well, so there are concerns it will have negative repercussions for global growth," said Koon Chow, a strategist at UBP (Taiwan OTC: 6471.TWO - news) .
Foreigners sold Treasuries for a second consecutive month in April, as holdings of central banks and government institutions declined, data from the Treasury Department showed on Friday. Analysts said ...
The euro suffered its biggest fall in eight months and share and bond markets rallied on Thursday, after the European Central Bank vowed not to raise euro zone interest rates before the middle of next year. The bank said it was pulling the plug on its 2.55 trillion euro stimulus programme, but after the Federal Reserve raised U.S. interest rates for the second time this year on Wednesday, the ECB rate promise came as a relief. The pan-European STOXX 600 index raced back into positive territory after a morning in the red, and Wall Street opened higher, though basic resources stocks stayed down after weak data from big metals consumer China.
The euro rose to its highest in a month but world stocks wilted on Thursday, as the European Central Bank prepared to pull the plug on its 2.55 trillion-euro, three-year stimulus programme. After the Federal Reserve raised U.S. interest rates for the second time this year and hinted at two more, it was shaping up to be a double-whammy for risk assets that have risen sharply in value during years of ultra-cheap borrowing. Basic resources (Frankfurt: W8Z.F - news) stocks led the decline with a 1.5 drop after weak economic data too from big metals consumer China.
Weak Chinese data, rising trade tensions and a more hawkish U.S. Federal Reserve sent shivers through emerging market stocks on Thursday, but currencies bounced as the dollar weakened ahead of a possible turning-point European Central Bank meeting. The Fed raised interest rates on Thursday as expected but struck a more hawkish tone by forecasting slightly faster tightening, with the spectre of higher borrowing costs weighing on developed as well as emerging market stocks.
Asian shares eased on Thursday after the Federal Reserve raised interest rates and struck a more hawkish tone by forecasting a slightly faster tightening, while concerns about weak Chinese data and U.S.-China trade frictions kept investors on edge. Surprisingly weak Chinese retail sales and urban investment data curbed investors' risk appetite by adding to doubts over the world's second-largest economy as its central bank unexpectedly left interest rates on hold rather than follow the Fed higher. European shares are expected to fall, with spread-betters looking at a lower opening of 0.4 percent in Britain's FTSE , 0.3 percent in Germany's Dax and 0.2 percent in France's CAC.
Are things finally coming to a head over Brexit? Ahead of UK parliament votes on the government position starting next week that will test the mettle of pro-EU rebels, there are reports that Brexit Minister David Davis was this week an inch away from resigning.
Healthy jobs data and a tepid dollar helped emerging stocks to their biggest daily gains in nearly four weeks on Monday, while Turkey's lira strengthened after higher-than-expected inflation data prompted ...
Asian shares rose to their highest in two-and-a-half-weeks on Monday as strong U.S. jobs data offset worries that tariff wars between the United States and the rest of the world could retard global economic growth. On Wall Street on Friday, U.S. tech shares soared, pushing up the Nasdaq Composite 1.51 percent to 7,554 points, near its record closing high of 7,588 struck in March. Finance leaders of the closest U.S. allies vented anger over the Trump administration's metal import tariffs on Saturday (Shenzhen: 002291.SZ - news) , setting the tone for a heated G7 summit next week in Quebec.
Emerging equity markets were torn between healthy data and the escalation of trade tensions on Friday while many currencies fell and Turkey's lira took another beating. Solid global demand for memory chips and oil products helped South Korea's exports return to growth in May, sending the main stock index of Asia's fourth-largest economy 0.7 percent higher, while heavyweight Taiwan (Taiwan OTC: 6549.TWO - news) matched those gains.
Warehouse operator H&M Metal Warehousing has agreed to pay $100,000 to settle disciplinary proceedings with the London Metal Exchange relating to alleged breaches of its warehousing policy, the LME said in a statement on Wednesday. H&M has admitted no breaches of policy as part of the settlement, the statement said. The LME alleged that between March and June last year, warehouses operated by H&M in Taiwan (Taiwan OTC: 6549.TWO - news) failed to deliver out copper cathodes in line with their obligations.
The soaring dollar whacked emerging market currencies on Monday, with Turkey's lira plumbing record lows as markets tested policy makers' response. The dollar index surged to a five-month high after U.S. Treasury Secretary Steven Mnuchin said the world's two largest economies had dropped their tariff threats while they worked on a wider trade deal , putting any trade war on hold.
Chinese electric bicycles will have to be registered in the EU in a move by the bloc to curb cheap imports which European manufacturers say are flooding the market. The European Commission had sufficient evidence to show that Chinese manufacturers were dumping e-bikes - which have electric motors to help with pedalling - in Europe and were receiving subsidies, the European Union's official journal said. In the latest in a series of EU studies into and measures against Chinese exports ranging from solar panels to steel, the Commission has launched anti-dumping and anti-subsidy investigations into e-bikes.
Retreating U.S. Treasury yields and stronger commodity prices helped emerging currencies bounce back on Tuesday but equities were treading water with technology stocks suffering amid increasing concerns ...
Higher U.S. Treasury yields, a firmer dollar and softer commodity prices put some pressure on emerging markets on Monday with stocks at their lowest in nearly a week and currencies weakening. MSCI's emerging ...
Financier George Soros' Open Society Foundations will close their office in Budapest and move their eastern European operations to Berlin, media reports suggest. This, if confirmed, comes after an aggressive campaign led against the NGO by the recently re-elected Hungarian Prime Minister Viktor Orban, which has targeted the pro-liberal group as part of its crackdown on migration. Orban is out this morning with a robust statement to the effect that he won't be shedding a tear at the departure of the group and issuing a call to a June summit of EU leaders not to take any further steps on migration policy.
A gauge of stocks across the world eased on Friday but was on track to end the week with its strongest performance in five, while oil prices extended recent gains that drove them to highs not seen since ...
Scott Brown, chief economist at Raymond James in St. Petersburg, Florida, said stock prices have taken in much of the heightened expectations on earnings. The U.S. dollar hit a seven-week high against the Japanese yen.
World stocks and commodities rose on Friday, with stocks set to post their biggest weekly gain in over a month as investors seemed to shrug off the uncertainty over tension in the Middle East and the prospect of a global trade war. Global stock markets have had a whipsaw week, largely fuelled by U.S. President Donald Trump's tendency to change his mind over key policy and political issues.
UK airline Jet2 has been named Britain's best low-cost airline and the seventh best in the world, according to TripAdvisor Travellers Choice Awards. British Airways, EasyJet, and Ryanair failed to make ...
Most of its gains were chalked up against the Asian currencies with the Chinese yuan holding near the day's lows against the greenback after a media report that China was evaluating the potential impact of a gradual yuan depreciation as a tool in the escalating trade dispute. Trade war concerns have prompted investors to trim their record bearish bets against the greenback, with latest positioning data showing that net short bets against the dollar have fallen for the second week. UBS (LSE: 0QNR.L - news) strategists say a trade war would hurt Asian exports and prompt outflows from export-oriented equity markets such as Singapore, Malaysia and Taiwan (Taiwan OTC: 6549.TWO - news) .