21.11.2008
At a day when MSCI World Index sank to the lowest level since 2003 with fears about the financial system and lira lost 2% value against the dollar after Central Bank’s unexpected rate cut, Turkish stocks fell 3.2% despite news which signalled that the country may get a bailout of $20-40bn from the IMF. Since U.S. stocks plunged and S&P 500 fell to its lowest level in 11 years yesterday after jobless claims data, Philadelphia Fed Index and leading economic indicators depicted a de...
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