TOP MARKETS NEWS: Week 08/13 – 08/19

Friday 08/17

Turkish lira volatile as US warns of more sanctions – business live – guardian

S&P cuts Turkey credit rating deeper into junk territory – cnbc
‘More volatility’ expected as Iran sanctions set to prompt wild swings in oil prices, Vopak CEO says – cnbc

Suddenly, the RBA seems to think missing its inflation target is a good thing – businessinsider
Chinese stocks tanked again to cap off a miserable week, and are now at their lowest since 2016 – businessinsider
‘Crazy Rich Asians’ and the new face of the 1 per cent – ft



Thursday 08/16

Turkish financial crisis: Lira recovers as Ankara tries to calm markets – live updates – guardian

Nvidia’s stock falls 5% as weak crypto-mining sales ding outlook – Marketwatch
Benettons Confront Italy’s Populists Over Bridge Disaster – Bloomberg
Bridge Collapse Adds to Woes in Worst Euro Corporate-Bond Market – Bloomberg 
JCPenney Crashes To Record Lows As Default Risk Soars – Zerohedge
It isn’t only Turkey—Asia is the ‘elephant in the room’ in excessive dollar debts – Marketwatch
‘Full-blown’ capital controls in Turkey could spark emerging market contagion, Goldman Sachs analyst says – cnbc
US Treasury yields climb ahead of fresh economic data – cnbc
China: Trade talks with the US are back on – cnn
China, U.S. to hold next round of trade talks in late August – Reuters
Turkey Was Ripe for a Currency Crisis. Will It Spread? – Bloomberg

China’s July foreign direct investment rises 19% – Marketwatch



Wednesday 08/15

New Zealand bans foreigners from buying homes – ft