Today we are taking a look at:

  • Risk-off results in sharp uptick in SAGB yields, EM bonds and FX sell off due to Turkey concerns
  • Emerging markets capitulate, significantly weaker on the back of tensions in Turkey, global majors weaker
  • Gold price remains downbeat as dollar strength persists amid risk-off; Brent marginally higher this morning
  • Global markets remain under pressure as concerns surrounding the crisis in Turkey continue to weigh heavily
  • UK GDP rebounds in Q2, other economic data upbeat; US CPI remains elevated and real wage growth disappoints

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