Turkey turmoil spills over to Wall Street, shaves 200 points off Dow

10 Aug by Vitaliy Dadalyan

Turkey turmoil spills over to Wall Street, shaves 200 points off Dow

Turkey turmoil spills over to Wall Street, shaves 200 points off Dow

President Donald Trump doubled tariffs on aluminum and steel imports from Turkey, deepening the currency’s losses and raising concerns that the crisis could weigh on other economies. “Problems in emerging markets are more important than ever because of the global growth engine that emerging markets have become,” Peter Cecchini, chief market strategist at Cantor Fitzgerald in New York, wrote in a note. Anytime there’s a sniff of contagion they will be weak,” said Michael Antonelli, managing director, institutional sales trading at Robert W. Baird in Milwaukee.

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Source:: https://finance.yahoo.com/news/wall-street-slips-open-turkey-134316254.html

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