During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
American futures head south
On Thursday, the Wall Street index pointed to a sag at the start of the American market. The surge of yield of American government bonds kept putting pressure on market participants.
The Dow blue-chip index futures headed south 0.08% being worth 24719.0, while the S&P 500 futures lost 0.16%, hitting 2,718.75. As for futures of the high-tech Nasdaq 100, they slumped 0.36%, reaching 6912.00.
Market participants keep monitoring the value of American government bonds yield: the revenue on American ten-year government bonds inched down by 0.13%, hitting 3.091% after it hit its peak for seven years - 3,119%.
The jump in the revenue of American bonds along with the acceleration of inflation underpinned forecasts of a faster monetary tightening compared to previous FRS plans.
The White House generally neglected North Korea's threats that it would abandon the scheduled negotiations for June 12 in Singapore. On Wednesday, White House spokeswoman Sarah Sanders told in an interview with Fox News that Donald Trump is ready for negotiations with the leader of North Korea.
Before the publication of the report of the retailer Walmart, the equities of this company before the opening of the market slumped 1.07%. Stocks of Coca-Cola Company soared by 0.72%, and shares of General Electric jumped by 0.60%.
Equities of Cisco Systems Inc. went down 4.34% notwithstanding its quarterly report that turned out to be better than the forecasts of financial analysts. Additionally, Shire PLC ADR went down 1.16%, while Rio Tinto ADR managed to acquire 1.14%.
European stock markets inched up. The French CAC 40 ascended by 0.35%, the German DAX managed to grow by 0.21%, the London FTSE 100 gained 0.11%. In addition to this, the Euro-European index Euro Stoxx 50 leapt by 0.15%, the Spanish IBEX 35 leapt by up to 0.17%.
More tariffs were introduced
Yesterday, the US Justice Department announced a broad antitrust review ...
The escalation of the US-China trade dispute and the Brexit uncertainties keep affecting the market. Read more!
The reports that the UK and the EU are close to complete a draft Brexit deal have pushed the British pound higher.
The GBP is going to be volatile today, while USD/TRY may be looking for a retest of its highs. Read more!