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Global Markets: U.S. lifts sanctions on Turkey

By MarketsFarm

WINNIPEG, Oct. 24 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– United States President Donald Trump said his country will lift recently imposed sanctions on imports from Turkey, on the condition that Turkey stops combat operations in northern Syria. Meanwhile, the Russian military has deployed in the region as part of a truce deal with Turkey to create a ‘safe zone’ and drive Kurdish fighters out of the area.

– Pakistan and India have reached an agreement allowing 5,000 Indian Sikh pilgrims to visit a religious holy site in Pakistan every day without a visa. The agreement was a rare sign of cooperation between the two countries, which have seen increased tensions recently.

– All 39 of the people found dead in a container truck in Essex, England this week were Chinese nationals, according police. The 25-year-old truck driver from Northern Ireland is being questioned on suspicion of attempted murder.

– U.S. unemployment claims fell to 212,000 during week ended Oct. 19, according to a report from the U.S. Department of Labour. However, U.S. business manufacturing purchases were down by 0.5 per cent in September, renewing concerns of an economic downturn.

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