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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Borsa Istanbul Index Triggers Second Circuit Breaker Following Erdogan Comments
Turkish stocks have triggered a second circuit breaker after falling more than 7% Wednesday. The banking index is exhibiting similar losses. Trading resumes at 1801 local time.
- The moves follow comments from President Erdogan earlier today, who said “Hamas is not a terrorist organization but a group of mujahideen fighting to protect their land and citizens”, remarks which risks a rift with his nation's western partners and signals an abrupt end to the recent improvement in Israeli-Turkish relations.
- In the aftermath of this speech, Italian Deputy PM Matteo Salvini called Erdogan's comments "disgusting", and said he would suggest the Foreign Minister summon the Turkish ambassador.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.