"Buy the rumor - sell the fact" action for USD/TRY
During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
European markets start lower as American worries weigh
On Friday, European markets started lower because fresh worries over American tax reform plans affected market sentiment and market participants were still digesting the ECB’s latest policy decision.
The EURO STOXX 50 declined 0.22%, Germany’s DAX 30 slid 0.18%, France’s CAC 40 dived 0.11%.
Financial equities showed mixed performance - French lenders BNP Paribas and also Societe Generale headed south 0.27% and 0.47% respectively. At the same time in Germany Deutsche Bank went down 0.49%, while Commerzbank inched up 0.20%.
In Italy, Intesa Sanpaolo as well as Unicredit dived respectively 0.78% and 0.85%. At the same time Spanish financial institutions BBVA and Banco Santander tacked on respectively 0.06% and 0.66%.
FTSE 100 went down 0.09% in London, suppressed by Dixons Carphone – the company’s stocks edged down 1.79%.
Financial stocks contributed to losses. Lloyds Banking dived 0.06%, the Royal Bank of Scotland sagged 0.40%, HSBC Holdings dipped 0.79%, Barclays descended 0.96%.
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Market updates on September 20
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.
Oil spikes on the tweet by Iran's foreign minister
The tweet by Iran's foreign minister increased the possibility of tensions in the region. It pushed the oil prices up.
Market updates on September 19
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.
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