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Reuters BusinessAug 15, 2018
Wall St. opens lower as Turkey turmoil, trade worries weigh
U.S. stocks opened lower on Wednesday as investors assessed the impact of Turkey's currency crisis and escalating trade tensions between the United States and its trading partners.

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US STOCKS SNAPSHOT-Wall St opens lower as Turkey turmoil, trade worries weigh (Reuters Company News)

MarketWatch MarketPulseAug 15, 2018
U.S. stocks open lower as Turkish lira fears resurface
U.S. stock benchmarks early Wednesday traded lower as fears about the health of the Turkish economy weighed on the broader market. The Dow Jones Industrial Average fell 148 points, or 0.6%, at 25,147, the S&P 500 index declined by 17 points, or 0.6%, at 2,822, while the Nasdaq Composite Index gave up 0.7% at 7,817. Reignited concerns that problems in Ankara could ripple to emerging markets and economies in Europe have underpinned recent selling in stocks and flight to the perceived safety of government bonds and away from equities. Turkish lira , however, were higher against the dollar, up 4.9%, even after the country announced that it would impose duties against U.S. imports, including alcohol. The 10-year Treasury note was yielding 2.86%, with bond prices rising as yields fall. In the latest economic data, retail sales climbed by 0.5% in July, above expectations. In corporate data, shares of Tencent Holdings Ltd. were lower after the technology company reported second-quarter earnings and revenue that missed expectations.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Google Business NewsAug 15, 2018
Global shares mixed as Turkey raises tariffs on US goods - SFGate

SFGate


BANGKOK (AP) — Shares were mixed Wednesday after Turkey announced it was increasing tariffs on imports of some U.S. products, escalating a feud with the United States that has helped trigger a currency crisis. KEEPING SCORE: Germany's DAX rose ...
On Turkey, Trump Turns Trade War to Financial War


Reuters Company NewsAug 15, 2018
UPDATE 4-Italy bridge operator focus of anger as collapse death toll rises
* Italy starts audit of bridges, tunnels (Adds quote about alleged cement falls in 1980s, Autostrade meeting, four French nationals dead)

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UPDATE 3-Italy bridge operator in spotlight as collapse death toll rises (Reuters Company News)

Google Market NewsAug 15, 2018
Turkey doubles tariffs on some US imports; lira rallies - Reuters

Reuters


ISTANBUL (Reuters) - Turkey doubled tariffs on some U.S. imports including alcohol, cars and tobacco on Wednesday in retaliation for U.S. moves, but the lira rallied further after central bank's liquidity moves had the effect of supporting the currency.
On Turkey, Trump Tur

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