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.