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A Market Bloodbath as Turkey Fever Spreads

A Market Bloodbath as Turkey Fever Spreads

Just when you though it was safe to invest in an asset that made sense, be it forex, bonds or stocks, fear and contagion has suddenly appeared, and in under 48-hours has severely bullied emerging markets into near submission with the Turkish lira falling nearly +45% against the dollar. Here’s why.

Five Things the Markets are Talking About: Tuesday, May 29

Five Things the Markets are Talking About: Tuesday, May 29

The EUR saw 11-month lows after Italy’s president scuttled an attempt by a coalition of Italian anti-establishment parties to form a government. With fresh elections increasingly likely, markets should expect the Five Star and the League to campaign on the idea that they were denied the “right to govern,” possibly resulting in a stronger populist sentiment at the next election.