Turkish election uncertainty causes market fluctuations
TL;DR Summary
European markets opened mixed on Monday as investors await the results of Turkey's presidential election. The Stoxx 600 index was up 0.3%, with banking stocks and travel and leisure up 0.7%, while oil and gas shed 0.7%. UBS predicts that European banking stocks will outperform automakers in the future, while Bank of America has named ten undervalued European stocks that could provide significant investment returns. Porsche is set to release earnings.
- European markets open in mixed territory as Turkish election comes into focus CNBC
- Turkey's lira slides, dollar bonds tumble as presidential runoff looms Reuters
- Lira Traders Brace for Volatility as Turkey Heads to Runoff Yahoo Finance
- USD/TRY grinds near record high as Turkish elections tease Presidential runoff vote FXStreet
- Turkey's lira sinks to two-month low in post-election trade Forex Factory
- View Full Coverage on Google News
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