European stocks open slightly higher as Turkey crisis weighs on sentiment
Shares in Europe open slightly higher Wednesday as concerns over
the Turkish currency crisis continue to affect investors’ appetite.
However, trading flows were also sluggish as a number of European
bourses are closed due to a public holiday, including Italy, Greece and
Austria.
The pan-European Stoxx 600 was up by 0.18 percent with most sectors trading in positive territory.
In Asian trading was mostly lower, failing to follow the positive
beat on the Wall Street. Investors remain wary of potential economic
spill overs from Turkey, where a spat with the United States and certain
economic policies have led to a sharp fall in the value of its
currency. The lira was down about 2 percent against the dollar and the
euro at about 6.20 a.m. London time.
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