During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
European markets start lower
On Tuesday, European markets started lower, suppressed by dismal market sentiment in America and Asia overnight. Moreover, market participants were still cautious before a new bunch of corporate earnings reports.
The EURO STOXX 50 dived 0.28%, Germany’s DAX 30 slid 0.33%, while France’s CAC 40 lost 0.11%.
American and Asian markets were suppressed overnight amid ascending caution as Donald Trump was braced for talking to Congress.
Traders were also waiting for the Fed’s upcoming policy verdict for potential clues on the tempo of interest rate lifts in 2018. The major US financial institution is widely anticipated to have rates lifted three times this year.
As for financial equities, they showed mixed performance. French lenders BNP Paribas as well as Societe Generale went down respectively 0.54% and 0.85%. Additionally, in Germany Deutsche Bank dived 1.39%, Commerzbank acquired 0.15%.
FTSE 100 went down 0.37% in London.
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.