The Turkish lira steadied against the dollar and shares firmed in early trading on Thursday, as analysts took the view that US monetary authorities would not tighten their policy immediately. One factor driving this sentiment was tension over the situation in Syria. The lira was being quoted at 2.0347 to the dollar from 2.0605 late on Wednesday when during trading it had reached another record low value of 2.070 to the dollar. The lira has fallen heavily in recent weeks because the prospect that the US Federal Reserve central bank would begin to curb easy-money stimulus had caused an outflow of capital and spotlighted weaknesses in the Turkish economy. The main stock index in Istanbul, the BIST100 which had fallen heavily last week and this week up to Tuesday, rallied by 0.88 percent to 66,027.88 points. On Wednesday the index had steadied to close with a gain of 0.1 percent. Market sentiment now holds that the Federal Reserve will not begin to curtail stimulus to the US economy, some of which has flowed into emerging economies, while tensions run high over a possible attack by the United States and its allies on Syria.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor