BLOOMBERG.COM
Financial markets showed signs of resilience following a failed coup attempt in Turkey, with the lira leading a recovery in developing-nation currencies and U.S. equity-index futures gaining ground. Haven assets including the yen, gold and Treasuries fell. The lira clawed back some of its losses from Friday, when news that army officers had tried to seize power triggered the currency’s steepest slide since 2008. Futures signaled U.S. stocks will rebound, while ARM Holdings Plc led technology shares higher in Europe after SoftBank Group Corp. agreed to buy the chip designer for 24.3 billion pounds ($32 billion). Yen extended its biggest weekly decline since 2009 and gold headed for the lowest close this month.
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Financial markets showed signs of resilience following a failed coup attempt in Turkey, with the lira leading a recovery in developing-nation currencies and U.S. equity-index futures gaining ground. Haven assets including the yen, gold and Treasuries fell. The lira clawed back some of its losses from Friday, when news that army officers had tried to seize power triggered the currency’s steepest slide since 2008. Futures signaled U.S. stocks will rebound, while ARM Holdings Plc led technology shares higher in Europe after SoftBank Group Corp. agreed to buy the chip designer for 24.3 billion pounds ($32 billion). Yen extended its biggest weekly decline since 2009 and gold headed for the lowest close this month.
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