Eurozone retail sales fell 0.7% in September, the sharpest drop since June 2024, as 4% inflation and high energy costs squeezed households, per Dow Jones Newswires.
The lira traded near 50.16 per dollar early Friday, while the BIST 100 lost 1.26% on Thursday. Finance Minister Simsek expects Turkey's economy to grow 3.3% this year, per Reuters.
WSJ, citing a preliminary SSRS voter poll, reports that US midterm voters are angry about living costs, the Iran war and tariffs, with Democrats well placed.
The MSCI Asia Pacific ex-Japan index hit its lowest since October 23 while Taiwan's market nears a correction. Reuters reports the moves before the US midterm vote.
Alphabet is heading for its worst day on record as weak search revenue and heavy AI spending spook investors, while the Nasdaq fell about 1.6%, per WSJ.
The average 30-year US mortgage rate slipped to 7.24%, extending its decline for a second week. Freddie Mac data, as reported by WSJ and Seeking Alpha.
Brent fell toward $114 a barrel as fresh Iran diplomacy eased strike fears, while gold declined after the Fed held rates steady and gave little guidance.
The ECB is expected to keep its 2.5% deposit rate on Thursday, but attention centres on French bond yields and whether Christine Lagarde may leave early.
The Federal Reserve kept rates unchanged while two dissenters wanted a hike. The 10-year Treasury yield rose to 5.044% as US stocks ended mostly higher.
The UK's fiscal headroom shrinks from 24 to 15 billion pounds, but the government stays within its rules, the OBR says. Gilt prices were little changed.
Reuters reports that the Iran war and tariffs have raised costs for Americans, making foreign policy a risk for Republicans in the November 3 midterms.