LATEST STOCK MARKET NEWS

So unless you have been hiding under a rock you have seen that US president Donald Trump pulled the USA out of international nuclear deal with Iran. This extreme move was not completely unexpected given Trump years of criticism and general hatred of Obama. The move has increased risk in the middle east, jeopardized US relations with allies and reintroduced oil supply concerns. All in a days work for this US president that thrives on disruption and drama. Reaction in the markets was broadly muted as the move was already priced in. Oil prices climbed marginal with brent hitting a 3 plus year high at $77.10 while US 10 year yields just below 3.0%. The event was felt a bit more in FX were politically risk currency were sold-off. TRY reached a record low against the USD as Trump move threated stability of boarder, access to oil and highlighted Turkey own political and monetary uncertainty. Argentina ARS currency crisis continued. Banco Central de la Republica Argentina has raised interest r

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