Stocks fall tracking global sell-off; Turkish lira recovers

Turkey's lira was in recovery mode on Monday after plunging as much as 5 percent in the previous session, on Friday, March 22.

Weak economic data from Europe triggered a worldwide sell-off on Friday which worsened after more disappointing numbers from US came in, fanning global growth fears. MSCI's index for emerging market shares fell 1.4 percent, on track to record its biggest one-day fall this year with indices falling across the board led by Asia.

"Conceptually it should be supportive if we now assign a slightly lower likelihood of sanctions ," said Guido Chamorro, portfolio manager at Pictet Asset Management.

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Why is the Dow falling? Banks and tech stocks drag down market on Wall StreetU.S. stocks moved broadly lower on Wall Street Friday, dragged down by banks and industrial companies. roon0292 not good for Individual-1 Europe and China are messes.
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