European Market Review - 12 of August 2019

The leading European stock markets rallied today, as most traders and investors became more focused on riskier assets after a volatile week highlighted by U.S.-China trade tensions.

Also, there is political crisis in Rome, while a there is a serous conflict over German lighting group Osram led corporate news.

German economy’s growth numbers will be reported later this week on Wednesday and the U.S. Federal Reserve’s annual symposium later in the week, as well.

The Turkish central bank announced this morning that will start offering banks one-, three- and six-month currency swaps, extending a facility launched earlier this year into longer maturities.

So far, the monetary authority has offered $2.75 billion of one- and three-month swaps.

As a matter of faft, China’s central bank transferred $1 billion  to Ankara in June, Beijing’s, whcih is a huge help for the Turkish President Recep Tayyip Erdogan delivered at a critical time in an election month.