Turkish lira rallies, stocks battered in wake of coup
The U.K. currency also got a boost from Martin Weale, a voting member of the Bank of England's monetary policy committee, who said he would need to see more data about the impact of Brexit before deciding whether to back additional stimulus. Stocks were relatively subdued in early trading, with Malaysia Airports Holdings Bhd., which owns an airport in Istanbul, dropping the most since February.
Currency markets appear to have been reassured by the failure of the coup and the reimposition of order under President Recep Tayyip Erdogan. On Friday it had tumbled 4.8 percent in value against the euro to trade at 3.34 to the euro.
"While the failed coup has not changed the political status quo within Turkey, it will attach a higher risk premium to Turkish assets, which will lead to some rise of risk aversion as global investors hedge Turkish exposure", she said.
Pakistan militants accuse India of genocide in Kashmir
The United States has called for dialogue among India, Pakistan and Kashmir on the conflict in the valley. He also said Saeed was among the inspirational speakers who would visit the training camp.
"I think the yen might edge higher". The iShares MSCI Turkey ETF lost 2.5 percent closing at $41.60.
The pound at $1.3226, compared with $1.3194 late Friday. The euro gained 0.8 percent to 116.61 yen. Airport operator TAV was down 11 percent and Turkish Airlines fell nearly 8 percent.
South Africa's rand matched the lira's gains, while Russia's rouble added 0.5 per cent against the backdrop of unchanged oil prices and a flat dollar index.
NBA's Kevin Durant on the move
Now that Kevin Durant will be donning a Warriors uniform next season, Golden State is the heavy favorite to win the title in 2017. Durant said that he felt comfortable when he spoke with Stephen Curry , Draymond Geen, Andre Iguodala and Klay Thompson .
The euro rallied 0.3 percent versus the US dollar on Monday after dropping 0.9 percent. The yield on Korea's benchmark 10-year bonds rose two basis points to 1.42 percent. Sterling rose almost 2 percent last week for its best week against the greenback since early March. Futures contracts are now showing a 44 percent chance of a Fed rate increase this year, from 35 percent before June retail data released Friday that beat estimates and buoyed the greenback.
It added that the current foreign exchange deposit limit of around 50 billion US dollars may be increased. "The weaker yuan fixing is also weighing on Asian currencies today".
Emerging equity markets overall traded flat, thanks to gains in Russian and eastern European stocks. And Australia rose 0.5 percent while the Shanghai Composite Index was flat.
Noah, Knicks agree to 4-year, $72 million deal
The signings of Noah and Lee take up much of the coveted cap space the Knicks began with, and rightfully so. Last season, Lee split time between the Memphis Grizzlies and the Charlotte Hornets.