World Bulletin / News Desk
Turkey's stock exchange dropped 255.43 points at the start of trading Thursday, a 0.27 percent fall as the country headed for a three-day weekend.
The banking and holding sector indices fell 0.40 percent and 0.29 percent respectively ahead of Friday’s national holiday.
Investment trusts performed best, 0.53 percent up on Wednesday’s close, while the textile/leather index saw the biggest drop, falling 1.24 percent.
At Wednesday’s close, the BIST 100 was down 436.55 points to 95,724.950 points, with a total trading volume of 6.1 billion Turkish liras ($1.7 billion).
The Turkish lira was 3.5920 to the U.S. dollar at 9.30 a.m. local time (0630GMT) Thursday, compared with 3.5600 at Wednesday’s close.
The Turkish consumer confidence index rose 2.1 percent to 72.8 in May compared to April, according to the Turkish Statistical Institute on Thursday.
Crude prices stabilised after diving more than two percent on Tuesday on increasing fears of a global supply glut, as continued production in the US and elsewhere offsets an OPEC output cut deal.
Move estimated to save company $1B in investment costs
However, most other regional markets struggled after Monday's healthy gains, despite being given a positive lead from Wall Street where the Dow and S&P 500 closed at fresh record highs.
The purchase in one fell swoop gives Amazon, which until now has operated almost entirely on the internet, a big presence in the brick-and-mortar world on Main Street, with more than 450 stores in the US, Canada and Britain.
"The Bank of Russia Board of Directors decided to cut the key rate to 9.00 percent per annum," the bank said in a statement. The cut follows a half-point decrease in late April.
Equity traders have suffered a fraught week as the crisis engulfing Donald Trump picks up pace, technology firms tumbled from recent highs and energy plays were hammered by plunging oil prices.
"In May 2017, passenger car registrations across the EU increased by 7.6 percent to 1.387 million units," ACEA said in a statement.
In the eurozone, Frankfurt's DAX 30 index climbed 0.4 percent to 12,746.05 points, and the Paris CAC 40 gained 0.5 percent to 5,243.53 compared with the close on Thursday.
Eastern Mediterranean gas deposits discussed at high-level meeting in Thessaloniki
While a "rebalancing of the market" was "underway," it was "at a slower pace than originally anticipated," the Organization of Petroleum Exporting Countries wrote in its latest monthly oil market report.
US, with 30 planned LNG terminals and six under-construction, is forecast to be next leader in LNG markets