The Turkish Lira Immediately Began Its Worst One-Day Drop

The Turkish Lira Immediately Began Its Worst One-Day Drop

Turkish President Tayyip Erdogan’s fiery anti-U.S. rhetoric helped spark a currency collapse in 2018 that plunged his country into recession. He had avoided a repeat so far this year but last Friday, during a break from pre-election rallies, Erdogan said U.S. President Donald Trump’s move to recognize Israeli sovereignty over the occupied Golan Heights risked...
U.S. Retail Sales Unexpectedly – 01.04.2019

U.S. Retail Sales Unexpectedly – 01.04.2019

U.S. Stock Index Futures mirrored a rally in global stocks on Monday after a surprise recovery in China factory activity and further hints of progress in U.S.-China trade talks. Wall Street ended the first quarter on a high note on Friday, with the S&P 500 logging its best quarter since 2009 as investors bet the...