Turkish financial crisis: Lira recovers as Ankara tries to calm markets - live updates
(The Guardian Turkey)

All the day´s economic and financial news, including the latest on the Turkish currency crisis that has spooked investorsIntroduction: Turkish finance minister faces credibility testBerat Albayrak to speak to investors this afternoon 8.23am BST There are encouraging signs for Turkey in the financial markets today:Turkish lira rallying strongly for third day in three. Unlike earlier in the week, signs of life in the bond market, rates about 50bps lower, still underwater for this week.#Lira has gained close to another 2.5% so far today, now seems to be within reasonable touching distance of the start of crisis last Friday. I never thought it could recover so soon. Let`s see what happens next. #usdtry #Erdogan 8.02am BST Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.Let´s wait & see how the Investor Conference Call goes later today. Call actually will take place at 4pm local time (9am EDT.) Not out the realm of possibilities Trump Admin may try to steal Fin Min Albayrak´s thunder with additional sanctions , as Brunson not released Wednesday.Thursday´s FT: Spooked investors push emerging market stocks into bear territory #tomorrowspaperstoday pic.twitter.com/Lt4OGweLeN Continue reading...