BDDK moves to slow lending as Turkish Lira rout continues

US stocks closed sharply lower on Monday amid a continued resurgence of coronavirus case in the US and Europe. The DOW led the slide, down 2.29% while the S&P and the NASDAQ shed 1.84% and 1.65% respectively. Yield on 10Y USTs closed 4bps lower at 0.8010%. German business sentiment fell in October according to Monday’s…

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Chinese export data boost Asian markets.

US stocks continued their winning streak on Monday with tech stocks leading the surge. Apple rose 6.35% while Microsoft was up 2.59% pushing the NASDAQ to a sharp 2.55% gain. The S&P and the DOW rose 1.64% and 0.87% respectively. Bond markets were closed for a holiday. British unemployment for the 3 months to August…

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