The slight improvement in the situation in Turkey has led to the stabilization of world stock indices. US indicators even ended slightly on positive territory.
Dow Jones added 0.5% to nearly 25,300 points, while the broad S&P 500 rose 0.6% to 2,839.96. Nasdaq added 0.65% to its value - to 7,870.89 points.
Meanwhile, the Turkish lira rose 8 percent to 6.35 pounds a dollar after the Turkish currency hit a record low of 7.24 pounds per dollar on Monday.
The Turkish lira, which for some time on Friday lost over 20% of its value, reached a new record low on Monday. It registered a record drop of more than 15% in just one day. However, there was some recovery in value after the country's central bank announced it would step in to stabilize its national currency.
No comments:
Post a Comment