Protests in Izmir after mayor joins Erdogan's AK Party
More than 1,000 people gathered in Izmir on Wednesday to protest Mayor Cemil Tugay's decision to join President Recep Tayyip Erdogan's ruling AK Party. The demonstration took place in Turkey's third-largest city and centred on the political shift that handed the ruling party control of the mayor's office. Protesters carried a coffin bearing Tugay's photograph and called for his resignation.Police blocked access to Republic Square and monitored the crowd during the protest. Tugay joined the AK Party on Wednesday after previously serving as an independent following his resignation from the opposition CHP in June. The move marks a notable change... [Continue Reading]
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European markets close lower as yields, oil and FX pressure risk appetite, FTSE leads declines
Executive summary: European equities finished broadly lower, with the FTSE 100, DAX, CAC 40 and Euro Stoxx 50 all slipping as investors weighed firmer oil, a stronger dollar and higher rate pressure. Natural gas was the standout mover, while Ether, palladium and platinum fell sharply. The euro weakened against the dollar, sterling also eased, and Brent crude drifted lower but remained elevated enough to keep energy and inflation concerns in focus. [Continue Reading]

