Turkish crisis leaked into the world performance and that is why the numbers are not nearly as good as we would want them to be at the beginning of this trading week. We hope that the situation is going to improve soon as lira is pulling down not only Turkish economy but even euro and some of the Asian indices.
MSCI Asia Pacific declined 1.4 percent.
Hang Seng is 1.4 percent lower.
S&P 500 futures lost 0.3 percent – lowest point in more than a week.
Kospi decreased 1.5 percent.
Topix declined 1.8 percent.
Stoxx Europe 600 is 0.2 percent down.
MSCI All-Country World is 0.5 percent down – index has reached the lowest point in a month or even more.
MSCI Emerging Market is also not feeling good as 1.7 percent was lost by the index.
Equities on the other hand are bringing more joy to the traders around the world.
Dollar, for example, gained 0.1 percent against the basket of six major currencies and went up on the 17-months high position.
Euro lost 0.1 percent - $1.1397 which is the weakest numbers for the currency in almost 13 months.
Yen grew 0.5 percent – 110.26 per dollar – the best price in one and a half months.
Lira lost another 6.3 percent - 6.8637. that is the weakest point for the Turkish currency in recorded history.
Commodities are waking up from the weekend and are looking weak.
WTI oil lost 0.1 percent - $67.65 per barrel.
Brent oil declined 0.14 percent - $72.71 per barrel.
Natural gas is 0.76 percent down - $2.92 per MMBtu.
Gold declined 0.5 percent - $1.212.90 per ounce.
Silver lost 0.29 percent - $15.25 per ounce.
Platinum declined to the point of $818.33 per ounce after 1.12 percent loss.
Corn lost 0.81 percent per bushel - $368.75.
Metric ton of cocoa lost 0.52 percent - $2.118.00.