Global Markets brief

22 March 07:32 PM Lira plunges over emerging Turkish-US tensions
The Turkish lira dropped against the US dollar on Friday, despite the US Federal Reserve's move to put a brake on interest rat hikes.
22 March 06:28 PM Turkish C.bank’s FX reserves drop in March
Foreign exchange reserves in Turkish central bank dropped unexpectedly in March, Bloomberg News reported.
22 March 05:55 PM US wholesale stockpiles post 6-yr high
US wholesale inventories posted the biggest gain in over six years last January, official data showed on Friday.
22 March 05:31 PM US existing home sales recover strongly in February
US home sales saw a robust rebound during February, recording the biggest monthly gain since more than three years ago, official data showed on Friday.
22 March 05:11 PM Trump hopes Fed ended interest rate hikes
US President Donald Trump voiced his hope that the Federal Reserve's interest rate hikes had come to an end.
22 March 04:34 PM Uber to list shares on New York Stock Exchange–Report
Uber has chosen the New York Stock Exchange for its blockbuster initial public offering, according to Bloomberg.
22 March 04:03 PM Russian C.bank leaves key rate unchanged
The Russian central bank held its policy rate at its current level, chiming with market expectations, but hinted it could cut it later this year.
22 March 02:17 PM Facebook admits storing passwords without encryption
Facebook admitted that it stored millions of user passwords in unprotected plain text files, according to The Independent.
22 March 01:08 PM IMF backs Fed’s rate hike pause amid economic uncertainty
The International Monetary Fund backed the US Federal Reserve's decision to put a brake on further interest rate hikes as a rational step.
22 March 12:33 PM Eurozone current account surplus grows in January
The Eurozone's current account surplus expanded in January from December 2018, but it posted a year-on-year fall over the 12-month period ended the reported month.
22 March 12:17 PM Eurozone business growth slows in March on manufacturing downturn
Initial estimates for the Eurozone indicated that economic activity saw a further slowing growth during March, as factories saw their deepest downturn in six years.
22 March 11:56 AM Germany's private sector growth slows to 6.5-yr low in March
Business activity in the German private sector saw a modest improvement during March, but the growth pace was the slowest in nearly six years.
22 March 11:31 AM Gold stable below 3-week peak on stock market rally
Gold prices steadied on Friday, below their highest level in three weeks reached in the previous session.
22 March 11:08 AM Oil eases from 2019 peak, dragged by economic jitters curb
Oil prices earlier on Friday retreated from their highest level seen so far this year as worries about an economic slowdown dragged market sentiment down.
21 March 07:17 PM US 10-yr bond yield hits new 15M low
US Treasury yields extended their drop on Thursday, after the Federal Reserve policy meeting stoked a rally across bond markets worldwide.
21 March 05:41 PM US natural gas storage declines as prices fall
The US natural gas inventories fell by 47 billion cubic feet (Bcf) in the week ended 15 March, totalling 1,143 Bcf.
21 March 05:06 PM German gov’t pledges to spend 1.5% of GDP on defence
Germany will fulfil its obligation it had made to NATO allies to spend 1.5% of economic output on defence by 2024.
21 March 04:01 PM BOE holds interest rate steady as Brexit deadline looms
The Bank of England on Thursday decided to maintain its key interest rate at its current level.
21 March 03:39 PM US weekly jobless claims decline in mid-March
Mubasher: The number of unemployed individuals in the US who applied for benefits last week declined, according to data released on Thursday.
21 March 03:36 PM Norway hikes interest rates as oil gains back hawkish outlook
Norway's central bank raised its main interest rate for a second time in six months, while it indicated future tightening.
21 March 03:10 PM UK retail trade grows in February
Retail sales in the UK went up 0.4% month-on-month in February.
21 March 02:44 PM Philippine C.bank holds benchmark rate
The Philippine central bank kept its key policy rate unchanged, as policy makers remained anxious despite easing inflation.
21 March 02:17 PM Swiss C.bank leaves interest rates unchanged, trims inflation outlook
The Swiss National Bank maintained its interest rates at their ultra-low level, while lowered its inflation projections once again.
21 March 01:16 PM New Zealand to ban semi-automatic arms after Christchurch massacre
New Zealand plans to impose tougher new gun laws, under which the possession of semi-automatic arms will be banned, Prime Minister Jacinda Ardern said.
21 March 12:58 PM UK public borrowing reaches 1-yr low in February
The UK's public sector net borrowing, excluding public banks, came in at GBP 200 million in February, compared to GBP 1 billion a year ago.