Bank stocks dive, euro falls as Turkey turmoil spreads

LONDON (Reuters) – A plunge in the Turkish lira rocked global equities and emerging markets on Friday, and fears of more turmoil sent investors scurrying for safety in assets like the yen and U.S. government bonds.

A vendor gets a five Euro bank note from a customer at the central market in Athens, Greece, July 8, 2015. REUTERS/Christian Hartmann/File Photo

The lira fell as much as 14 percent against the dollar, chalking up its worst day since Turkey’s financial crisis of 2001. It came on the back of a deepening rift with the United States, worries about its own economy and lack of…

Read More Here

Be the first to comment on "Bank stocks dive, euro falls as Turkey turmoil spreads"

Leave a comment

Your email address will not be published.