Archive for September 3rd, 2018

New Overnight Developments Abroad - Daily Update

New Month Kicks Off with Further Evidence of Accelerating Turkish Inflation, a Whole Lot of PMI Surveys, and North American Holidays

September 3, 2018

U.S. and Canadian Markets are closed for Labor Day holidays. Turkish CPI inflation accelerated two percentage points to 17.9% in August, its highest level since the end of 2003. PPI inflation catapulted to 32.3% from 17.4% the month before. In response, officials at Turkey’s central bank have promised to tighten monetary policy soon. Bank of […] More