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Turkish Markets Rally on Reports U.S. Made New Offer on Weapons

  • U.S. envoy made verbal offer on trade, F-35s: local media
  • Wilbur Ross said two weeks ago trade talks hadn’t started
A U.S. Air Force F-35 fighter jet

A U.S. Air Force F-35 fighter jet

Photographer: Eric Baradat/AFP via Getty Images

Updated on

Turkish markets rallied after local media outlets reported that U.S. envoy David Satterfield had offered Ankara a new trade package and F-35 jets, spurring optimism the estranged NATO allies were making headway in patching up relations.

Satterfield offered on Friday to sell Turkey a Patriot missile defense system and lower tariffs on steel and aluminum, Haberturk and NTV reported, without citing anyone. The lira advanced for a second day, while stocks and bonds jumped.