MARKET NEWS UPDATE BY FORTUNE

MARKET NEWS UPDATE

Turkey’s President Recep Tayyip Erdogan has named a new chairman of the country’s sovereign wealth fund. His name? Recep Tayyip Erdogan¬†European stocks advanced and Asian shares extended a losing streak amid lingering worries for global trade.

Elsewhere:
– The British pound erased an earlier dip and was little changed at around $1.3030
– The euro dropped 0.3%
– Gold fell 0.4%
– U.S. oil neared $70, its highest in more than a week

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