The Turkish lira briefly dropped almost 20 percent against the dollar after US President Donald Trump tweeted that he has authorized the doubling of tariffs on steel and aluminum imports from Turkey.
"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 NY, wrote in a note.
While the geopolitical issues in Turkey were ravaging the U.S. capital markets the Turkish lira continued to devalue as U.S. President Donald Trump ratcheted up tariffs on aluminum and steel amid growing dissention between the two countries.Turkish President Recep Tayyip Erdogan went as far as asking citizens to convert their dollars and other foreign currencies, including gold to Turkish lira. "You have banks losing because the 10-year U.S. Treasury came down".
Data on Friday showed US consumer prices rose in July and the underlying trend continued to strengthen, pointing to a steady increase in inflation pressures. The S&P 500 closed at 2,833.28 for a loss of -20.30 points or -0.71%.
The Nasdaq is up 79.77 points, or 1 per cent.
The biggest drag on the S&P 500 was Booking Holdings (BKNG.O), which fell 5 percent after it forecast third-quarter profit below expectations.
The pound has lost more than 10 percent since April and is down nearly 15 percent since the Brexit Referendum in June 2016. Sterling was down against the euro, dollar yen and Swiss franc, suggesting the negative sentiment was broad.
Northam declared a state of emergency in advance, allowing Charlottesville to have a heavy police presence. The violence led to the death of 32-year-old counter protester Heather Heyer who was struck by a vehicle .
Laurent Depoitre had Town's best chance in the second half but he shot wildly over after being teed up by Florent Hadergjonaj. Kante volleyed the Blues ahead on 34 minutes after neat approach play from Pedro and Willian .
Japan's economy expanded at an annualized rate of 1.9 percent in the April-June quarter, government data showed Friday. On a quarter-on-quarter basis, GDP grew 0.5 per cent, versus the median estimate for a 0.3 per cent increase.
And no, UTEP wouldn't have had Vince Hunter if this policy was in place before the 2015 season, despite him not being drafted. According to the Associated Press, Division 1 programs must provide scholarships for players who return to school.
She acknowledges she had never been able to obtain or hear the tapes but said three unnamed sources had described their contents. Mr Trump was sworn in using two Bibles; his own and one used at Abraham Lincoln's inauguration in 1861.
In 2012, she was arrested for allegedly slapping a security guard at an Oscars after-party, according to Page Six . Sean Young attends the premiere of TNT's " The Alienist " at iPic Cinema, Jan. 16, 2018, in New York City .
The spacecraft, which will plunge into the sun's atmosphere, known as the corona, is protected by an ultra-powerful heat shield. A Delta-IV heavy rocket carrying the probe took off from Cape Canaveral, Florida at around 07.31 GMT on Sunday morning.
Erdogan has been putting pressure on Turkey's central bank to not raise interest rates in order to keep fueling economic growth. It comes as US President Donald Trump doubled tariffs on Turkish steel and aluminium, further hurting the lira .
Jan Ullrich , who won the Tour de France in 1997, was arrested after an alleged attak on an escort in Frankfurt. In 2013, he admitted to doping , having been served a two-year ban by sporting regulators.
Jarrod Lyle Dead - Pro Golfer Passes Away at 36
His family announced in late July that he had opted not to seek further treatment and would receive palliative care at home. The 12-time US Tour victor has only bettered Thursday's driving display once, during the 2006 Barracuda Championship.
Torchlight Frontiers Bringing Back ARPG Series
Details about the game are scarce at the moment, but it will continue to exist in the same universe as its predecessors. While there are few details about Torchlight Frontiers at the moment, we do know there will be a beta.
UMd. head coach placed on leave
August 3, 2018: Practice officially starts and, according to sources, the culture of bullying, led by Court, continues. Court had been in the same position at Mississippi State prior to being hired at Maryland .
Rogers Cup: Sloane Stephens too strong for Svitolina
Making the finals here is incredible. "She's the world No1 for a reason but I'm just going to go out there and try to get her". The Ukrainian even got a service break to close the gap to 5-3, but Stephens broke right back to take the set.
Anderson`s fifer knocks India out for 107 in Lord`s Test
But it was new-ball partner Mohammed Shami who made the breakthrough when Keaton Jennings (11) was lbw playing across the line. But Kuldeep rarely troubled Bairstow, who cover-drove him for four to complete a 76-ball fifty featuring seven boundaries.
Man steals aircraft from Seattle airport, fighter jet scrambled
Royal King told The Seattle Times he was photographing a wedding when he saw the low-flying turboprop being chased by to F-15s. No passengers were onboard during the incident and normal operations have resumed at the airfield, the airport said on Twitter.