During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
European markets start generally higher
On Friday, European markets started generally higher because global optimism spurred risk sentiment. However, progress on the Brexit front underpinned demand for the UK pound, restricting gains for British shares.
Germany’s DAX 30 rallied 1.02%, France’s CAC 40 added 0.59% and the EURO STOXX 50 managed to acquire 0.77%.
Financial equities abruptly gained. French lenders Societe Generale and also BNP Paribas edged up respectively 3.07% and 2.74%. Besides this, in Germany Deutsche Bank and Commerzbank tacked on 2.35% and 2.59% respectively.
As for peripheral lenders, in Italia Intesa Sanpaolo as well as Unicredit added respectively 1.64% and 1.68%, while Spanish bank BBVA and Banco Santander grew 1.41% and 2.21% respectively.
FTSE 100 inched down 0.01% in London.
American shares pointed to a higher start. The Dow Jones Industrial Average futures gained 0.08%, S&P 500 futures rallied 0.13%, the Nasdaq 100 futures jumped 0.45%.
More tariffs were introduced
Yesterday, the US Justice Department announced a broad antitrust review ...
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
The tweet by Iran's foreign minister increased the possibility of tensions in the region. It pushed the oil prices up.
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.