Turkey´s leader refuses to back down in diplomatic row with America, but lira still rises by 8% Latest: Finance minister pledge to protect the liraTurkish president announces boycott of US goodsErdogan: We don´t need iPhones, we have VestelEarlier:Indian rupee hits record lowUS demands pastor´s release from Turkish house arrestIntroduction: Lira crisis weighs on the markets 9.50pm BST A late update: Donald Trump is increasingly unhappy that Turkey still hasn´t released Andrew Brunson from house arrest, two years after the pastor was arrested on espionage charges.White House Press Secretary Sarah Sanders told a press briefing that:`The president has a great deal of frustration on the fact that Pastor Brunson has not been released as well as the fact that other U.S. citizens and employees of diplomatic facilities have not been released.Sanders says President Trump will continue to call on Turkey to release Pastor Brunson and other prisoners. 6.09pm BST Time for a recap.Turkey´s government has come out fighting today against the market turmoil that sent its currency tumbling in recent days.`We will boycott US electronic products.`If they have iPhone, the other side has Samsung. In our country there is Venus, Vestel.` Related: Erdogan says Turkey will boycott US electronic products We will make all kinds of preparations, from A to Z....You will see that our lira will become stronger.` 5.30pm BST After a calmer day than Monday, European stock markets have closed for the night.Mining stocks are in the red after China revealed disappointing economic indicators overnight. Beijing confirmed that fixed asset investment grew by 5.5% - a record low. Industrial output held steady at 6% in July, but economists were expecting an increase of 6.3%. Retail sales rose by 8.8%, which was below the 9.1% forecast, and it was a slower rate compared with the 9% growth in June.The updates suggest that the Chinese economy is continuing to soften, and this prompted traders to dump mining ...
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