Saturday, July 16, 2016

Lira Drops Most in 8 Years as Stock Futures Sink on Turkey Clash - Bloomberg

Lira Drops Most in 8 Years as Stock Futures Sink on Turkey Clash

Turkey’s lira plunged the most in eight years, an exchange-traded fund tied to the country’s shares declined and U.S. Treasuries ticked higher after Turkey’s army said it seized power and President Recep Tayyip Erdogan asserted that he remains in control. U.S. stock futures slipped.

More:Lira Drops Most in 8 Years as Stock Futures Sink on Turkey Clash - Bloomberg