Categories Markets Macro Thoughts: The Return of Inflation Atilla YeşiladaPosted on30 June, 202030 June, 2020 One needs to be careful not to simply be contrarian for contrarian’s sake, but we … Continue ReadingMacro Thoughts: The Return of Inflation
Categories Markets Commerzbank: Lira shrugs off hawkish CBT decision Atilla YeşiladaPosted on26 June, 202028 June, 2020 The Turkish central bank kept its base rate unchanged today versus consensus expectation of another … Continue ReadingCommerzbank: Lira shrugs off hawkish CBT decision
Categories Markets Morgan Stanley: Could Turkey be Removed from the MSCI EM Index? Atilla YeşiladaPosted on25 June, 202028 June, 2020 MSCI announced it may launch a consultation on a reclassification proposal for Turkey from EM … Continue ReadingMorgan Stanley: Could Turkey be Removed from the MSCI EM Index?
Categories Markets A stinging blow to Turkish and Argentinian stocks from MSCI Atilla YeşiladaPosted on24 June, 202025 June, 2020 Borsa Istanbul’s BIST 100 Index closed Monday at 115.190 points, the highest close since Feb. … Continue ReadingA stinging blow to Turkish and Argentinian stocks from MSCI
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 Markets IIF: The COVID-19 Shock and Turkey Atilla YeşiladaPosted on20 June, 202022 June, 2020 Turkey has substantially outgrown the rest of EM in the COVID-19 shock. It has also … Continue ReadingIIF: The COVID-19 Shock and Turkey
Categories Company & Industry Markets HSCB’s top Turkey stock picks Atilla YeşiladaPosted on18 June, 202018 June, 2020 We present five stocks that we prefer in Turkey from a growth and valuation perspective … Continue ReadingHSCB’s top Turkey stock picks
Categories Markets Equity Strategy: Till Liquidity Do Us Apart Atilla YeşiladaPosted on18 June, 202019 June, 2020 Raising our estimates and valuations with our new BIST target of 134K (from 119K) indicating … Continue ReadingEquity Strategy: Till Liquidity Do Us Apart
Categories Company & Industry Emerging Markets Finance Markets Turkey reaches deal with Euroclear for wider foreign access to local bond market Editor P.A.Posted on9 June, 202011 June, 2020 Turkey’s Treasury and Finance Ministry announced on Tuesday that it had reached a deal with … Continue ReadingTurkey reaches deal with Euroclear for wider foreign access to local bond market
Categories Emerging Markets Markets Reuters poll: EM currencies to rally through summer Atilla YeşiladaPosted on7 June, 20209 June, 2020 30 of 52 currency strategists, around 60%, polled by Reuters expect the emerging-market currencies’ recovery … Continue ReadingReuters poll: EM currencies to rally through summer
Categories Economy Emerging Markets Finance Markets Surprise: the rate cut comes just as the amount expected Editor P.A.Posted on21 May, 202023 May, 2020 For the straight ninth time in a row the central bank of Turkey (CBT) cut … Continue ReadingSurprise: the rate cut comes just as the amount expected
Categories Economy Markets Politics Gurses: Our Turkish Lira with its wounded convertibility Editor P.A.Posted on21 May, 202023 May, 2020 You will hold talks themed “Trade with national currencies” and at the same time you … Continue ReadingGurses: Our Turkish Lira with its wounded convertibility
Categories Emerging Markets Finance Markets Ash: Qatari support ‘will not have major impact on Turkish lira’ Editor P.A.Posted on21 May, 202021 May, 2020 Turkey tripled its currency swap agreement with Qatar to $15 billion on the basis of … Continue ReadingAsh: Qatari support ‘will not have major impact on Turkish lira’
Categories Economy Emerging Markets Finance Markets Politics Bloomberg: Emboldened by a stronger lira, Turkey is set to cut rates again Editor P.A.Posted on20 May, 202021 May, 2020 Little stands in the way of the Turkish central bank’s ninth straight interest-rate cut after … Continue ReadingBloomberg: Emboldened by a stronger lira, Turkey is set to cut rates again
Categories Economy Emerging Markets Finance Markets Turkey exempts Euroclear, Clearstream from lira limitations Editor P.A.Posted on20 May, 202021 May, 2020 Turkey’s banking regulator said on Wednesday it would exempt Euroclear Bank and Clearstream Banking from … Continue ReadingTurkey exempts Euroclear, Clearstream from lira limitations
Categories Economy Emerging Markets Markets Politics Turkey: Good old Qatar comes to the rescue Editor P.A.Posted on20 May, 202021 May, 2020 Turkey and Qatar tripled the limit on currency swap agreement to $15 billion equivalent of … Continue ReadingTurkey: Good old Qatar comes to the rescue
Categories Economy Emerging Markets Finance Markets Politics Swap deal “secured with BoJ and BoE” denied; talks continue Editor P.A.Posted on20 May, 202021 May, 2020 Turkish lira rallied on Habertürk news on Turesday that Turkey was very close to securing … Continue ReadingSwap deal “secured with BoJ and BoE” denied; talks continue
Categories Economy Emerging Markets Markets ING: More rate cuts to come in Turkey… Editor P.A.Posted on20 May, 202021 May, 2020 The Central Bank of Turkey extended its easing cycle with an eighth cut last month, reducing the policy rate … Continue ReadingING: More rate cuts to come in Turkey…
Categories Economy Markets Politics Boomerang: BNP Paribas shrinking its TL market operations Editor P.A.Posted on18 May, 202021 May, 2020 BNP Paribas SA is shrinking its operations in the Turkish lira market following a regulatory … Continue ReadingBoomerang: BNP Paribas shrinking its TL market operations
Categories Economy Emerging Markets Finance Markets Turkey: out in the cold Editor P.A.Posted on18 May, 202021 May, 2020 The broadest-ever effort to pump dollars into the global economy has bypassed some major emerging … Continue ReadingTurkey: out in the cold