Categories Emerging Markets Kearney: Investors will flee emerging markets in post-Covid period Atilla YeşiladaPosted on8 July, 20209 July, 2020 A recent Kearney Consulting survey among top executives finds diminishing appetite for cross-country direct investment. … Continue ReadingKearney: Investors will flee emerging markets in post-Covid period
Categories Economy Emerging Markets Güldem Atabay Constantly off the central bank path: Turkey’s inflation up again making near-by rate cuts unfeasible Güldem AtabayPosted on3 July, 20206 July, 2020 Turkey’s June consumer price inflation (CPI) at 1.13% beats the market expectation again on the … Continue ReadingConstantly off the central bank path: Turkey’s inflation up again making near-by rate cuts unfeasible
Categories Emerging Markets BNP Paribas: Emerging market equities – Opportunities among the challenges Atilla YeşiladaPosted on3 July, 20204 July, 2020 The COVID-19 pandemic has struck economies and societies hard and those in emerging countries more … Continue ReadingBNP Paribas: Emerging market equities – Opportunities among the challenges
Categories Economy Emerging Markets VW abandons Turkey factory plan Editor P.A.Posted on1 July, 20201 July, 2020 Volkswagen AG canceled plans to build a car factory in Turkey after the coronavirus pandemic … Continue ReadingVW abandons Turkey factory plan
Categories Economy Emerging Markets Turkey’s PMI back to growth territory Güldem AtabayPosted on1 July, 20201 July, 2020 The rebound in the Turkish manufacturing PMI has continued with a return to growth territory. … Continue ReadingTurkey’s PMI back to growth territory
Categories Economy Emerging Markets EU to allow in visitors from 14 ‘safe’ countries; Turkey excluded Editor P.A.Posted on30 June, 20201 July, 2020 The 27-member bloc gave approval on Tuesday to leisure or business travel from 14 countries … Continue ReadingEU to allow in visitors from 14 ‘safe’ countries; Turkey excluded
Categories Economy Emerging Markets As widening current account deficit gets attention: Turkey trade deficit more than doubles in May Editor P.A.Posted on30 June, 20201 July, 2020 According to the official data, in May 2020 Turkey’s exports were 9 billion 967 million … Continue ReadingAs widening current account deficit gets attention: Turkey trade deficit more than doubles in May
Categories Economy Emerging Markets Reuters Poll: Turkish inflation seen rising above 12% in June Editor P.A.Posted on30 June, 20201 July, 2020 Turkey’s consumer price index is expected to rise above 12% in June from 11.4% the … Continue ReadingReuters Poll: Turkish inflation seen rising above 12% in June
Categories Economy Emerging Markets Another downgrade from Fitch: cuts Turkey economic growth forecast to -3.9% Editor P.A.Posted on30 June, 202030 June, 2020 Turkey’s economy is expected to contract by 3.9% this year, Fitch said in a report on Monday, … Continue ReadingAnother downgrade from Fitch: cuts Turkey economic growth forecast to -3.9%
Categories Emerging Markets Finance Nikkei: Coronavirus triggers dollar drain in big emerging markets Atilla YeşiladaPosted on29 June, 202030 June, 2020 The global coronavirus pandemic threatens to send capital fleeing from emerging economies, as falling exports … Continue ReadingNikkei: Coronavirus triggers dollar drain in big emerging markets
Categories Emerging Markets Comment: EM is a value trap, but we live in the “who cares” world Atilla YeşiladaPosted on27 June, 202030 June, 2020 When one reads investment banking reports and financial commentary, EM assets are a strong BUY, … Continue ReadingComment: EM is a value trap, but we live in the “who cares” world
Categories Economy Emerging Markets Finance Albayrak believes in V shaped recovery urging banks to lend more Editor P.A.Posted on23 June, 202025 June, 2020 Addressing the general assembly of the Banks Association of Turkey in Istanbul, treasury and finance … Continue ReadingAlbayrak believes in V shaped recovery urging banks to lend more
Categories Emerging Markets Markets EM Strategy: A Few Reasons for a Correction Atilla YeşiladaPosted on23 June, 202023 June, 2020 Nowadays, it seems like markets will never fall again and I’m reminded of Irving Fisher’s … Continue ReadingEM Strategy: A Few Reasons for a Correction
Categories Economy Emerging Markets General Politics U.S. prosecutor in Halkbank sanctions case steps down reminding of Bolton’s claims Editor P.A.Posted on22 June, 202023 June, 2020 Shares in Turkish state lender Halkbank (HALKB.IS) surged 8% on Monday after U.S. federal chief … Continue ReadingU.S. prosecutor in Halkbank sanctions case steps down reminding of Bolton’s claims
Categories Economy Emerging Markets Finance This week’s meeting: Turkey’s monetary easing almost coming to an end Güldem AtabayPosted on22 June, 202023 June, 2020 Turkey’s central bank will have its Monetary Policy meeting this week; on Thursday. Without any … Continue ReadingThis week’s meeting: Turkey’s monetary easing almost coming to an end
Categories Economy Emerging Markets Recovery… really? Editor P.A.Posted on22 June, 202023 June, 2020 As per the official data, Turkey’s seasonally adjusted consumer confidence index increased by 3.1 points … Continue ReadingRecovery… really?
Categories Emerging Markets Nordea: EM rally built on sand Atilla YeşiladaPosted on18 June, 202019 June, 2020 A rally built on sand For Emerging Markets, the coronavirus curve has not yet peaked, … Continue ReadingNordea: EM rally built on sand
Categories Economy Emerging Markets Bloomberg: Turkey is struggling to undo lockdown damage Editor P.A.Posted on16 June, 202018 June, 2020 Once the growth engine of Turkey’s $750 billion economy, consumers are setting their sights lower … Continue ReadingBloomberg: Turkey is struggling to undo lockdown damage
Categories Economy Emerging Markets Finance Turkey’s central bank: priority on production and government finances Editor P.A.Posted on16 June, 202018 June, 2020 The central bank of Turkey governor Uysal in his speech at the 12th International Conference … Continue ReadingTurkey’s central bank: priority on production and government finances
Categories Economy Emerging Markets Turkey’s home sales slump again Editor P.A.Posted on15 June, 202017 June, 2020 Sales of homes in Turkey fell sharply for the second consecutive month in May as … Continue ReadingTurkey’s home sales slump again