The Turkish central bank is expected to lift interest rates on Thursday to combat the plunge in value of the lira and rampant inflation, with markets seeing the magnitude of the hike as a critical test of the bank's credibility.

The majority of American companies in China say they are hurting from the escalating US-China trade spat, reporting increased costs, lower profits and stepped-up scrutiny, a survey showed Thursday.

President Donald Trump's trade wars have many U.S. businesses on edge, prompting some to delay or cut back on planned investments, the Federal Reserve reported Wednesday.

President Recep Tayyip Erdogan on Wednesday appointed himself the chairman of Turkey's sovereign wealth fund and named his son-in-law and Finance Minister Berat Albayrak as deputy chairman. 

The sell-off on Asian markets extended into Wednesday with investors fearing an escalation in the US-China trade row after Beijing said it planned to impose anti-dumping sanctions worth billions on Washington.

Russian President Vladimir Putin on Tuesday said Moscow and Beijing plan to use their own national currencies more often in trade deals as Russia's relations with the West deteriorate.

Wall Street stocks mostly fell early Tuesday on worries about U.S. trade conflicts with several countries.

China is planning to ask the World Trade Organization next week for permission to impose sanctions on the United States over anti-dumping practices taken against some Chinese products.

European and U.S. stock markets slid Tuesday on fears of a new escalation in the burgeoning trade war between China and the United States, dealers said.

European equities rose Monday as the far-right failed to make as large gains as expected in Swedish elections, with investors appearing more relieved about the dampening prospects of a "Swexit" than concerned about domestic political deadlock in the EU nation.