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Turkish Political Instability Weighs on Global Markets

  • Turkish stocks fell and the lira slumped after Turkey's presidential election was forced into a runoff leaving investors uncertain of the outcome.
  • European stocks rose ahead of inflation data due Thursday as investors look to see what remarks may be made by the ECB following its monetary policy meeting.
  • Asian stocks rose with investors watching for China's latest data releases and looking for policy guidance from China's central bank.
  • The Dow Jones Industrial Average edged slightly lower as lawmakers remain far apart on approving an extension of the U.S. debt ceiling.
  • Global markets are fluctuating as investors wait to see the impact of multiple political events and economic data releases.
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