Turkish Lira Drops To Record Low Against U.S. Dollar As Erdogan Wins Runoff Election
(RTTNews) - The Turkish lira dipped against the U.S. dollar on Monday, as Tayyip Erdogan won the country's presidential run-off election on Sunday.
Erdogan attained 52 percent of the vote in the second round of voting, whereas his opponent Kemal Kilicdaroglu got 47.86 percent.
The win gives him another five-year term, extending power until 2028.
The Turkish lira touched a record low of 20.07 against the greenback from yesterday's close of 19.87.
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Turkish Lira Falls To 4-week Low Against U.S. Dollar
The Turkish Lira fell against the U.S. dollar in the New York session on Thursday, despite a 500 basis-point hike by the Turkish central bank.
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458 gün önce
Asian Shares Follow Wall Street Higher On US Inflation Relief
Asian stocks followed Wall Street higher on Monday after the Federal Reserve's preferred inflation gauge came in below expectations, fueling hopes for more rate cuts by the U.S. Federal Reserve in 2025.
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5s 6 dakika önce
UK Economy Flatlines In Q3
The UK economy stalled in the third quarter as the services sector posted nil growth and the moderate expansion in construction was offset by the fall in industrial production, the Office for National Statistics reported Monday. Real gross domestic product remained flat in the third quarter, which was revised down from the 0.1 percent rise estimated initially. This follows a 0.4 percent expansion.
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5s 24 dakika önce
European Shares Seen Broadly Higher As US Averts Government Shutdown
European stocks are likely to open mostly higher on Monday, heading into a holiday-shortened week.
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8s 6 dakika önce
European Economic News Preview: UK GDP Data Due
Quarterly GDP data from the UK is the only major economic report due on Monday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP data. The economy is forecast to grow marginally by 0.1 percent, as initially estimated in the third quarter, following a 0.5 percent expansion in the second quarter.
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8s 21 dakika önce
Sensex, Nifty Open Higher; Metal Stocks And Financials Outperform
Indian shares were sharply higher in early trade on Monday after data showed the Fed's preferred reading on consumer price inflation rose less than expected in November, helping ease worries about the outlook for U.S. interest rates.
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9s 6 dakika önce
Asian Markets A Sea Of Green
Asian stock markets are a sea of green on Monday, following the broadly positive cues from Wall Street on Friday, as traders remain cautiously optimistic on an improved outlook for interest rates after data showing a slower than expected pace of acceleration in US consumer price inflation raised hopes for more interest rate cuts by the US Fed next year. Asian markets closed mixed on Friday.
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10s 13 dakika önce
Australian Market Extends Gains In Mid-market
The Australian stock market is extending its gains in mid-market trading on Monday, snapping a three-session losing streak, with the benchmark S&P/ASX 200 index moving well above the 8,100.00 level, with gains across most sectors led by technology, mining and energy stocks.
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10s 55 dakika önce
