Us Sanctions Whack Russias Rouble Turkeys Lira Free-falls

0
Us Sanctions Whack Russias Rouble Turkeys Lira Free-falls

LONDON – Alarm bells were ringing on Thursday as harsh new U.S. sanctions drove drove down Russia’s rouble Turkey’s lira plunged as worries mounted that Ankara was sliding towards a full-blown economic crisis.

A rally in Chinese stocks had helped Asia offset the latest escalation in the Sino-U.S. trade war overnight after Beijing matched the latest U.S. sanctions, but too much was going on nearby for Europe to remain unscathed.

London’s FTSE , Frankfurt’s DAX and Paris’ CAC40 were down 0.7 percent, 0.3 percent and 0.4 percent respectively, while German government bonds rose in broad grab for safety.

LEAVE A REPLY

Please enter your comment!
Please enter your name here