Categories Finance HIGHLIGHTS Markets Asset Strategy for Turkey 2024: Stocks and dollar bonds may shine Atilla YeşiladaPosted on1 January, 2024 Regarding Turkish assets, we are selective on stocks and Eurobonds and more neutral on lira … Continue ReadingAsset Strategy for Turkey 2024: Stocks and dollar bonds may shine
Categories Economy Markets Goldman Sachs: Turkey — Back in the Game Atilla YeşiladaPosted on22 October, 2023 Turkey — FX carry is back … After a long period of unorthodox policy, escalating … Continue ReadingGoldman Sachs: Turkey — Back in the Game
Categories Finance Markets JP Morgan: Türkiye: Fiscal stimulus suggests faster rate hikes Atilla YeşiladaPosted on13 September, 2023 The macro projections in the medium-term economic programme for 2024-2026 look realistic, and suggest accommodative … Continue ReadingJP Morgan: Türkiye: Fiscal stimulus suggests faster rate hikes
Categories Finance HIGHLIGHTS Markets Mehmet Simsek promises quick economic stability as the lira sinks deeper Atilla YeşiladaPosted on24 June, 202324 June, 2023 Turkish Minister of Treasury and Finance Mehmet Simsek confirmed that the government is determined to … Continue ReadingMehmet Simsek promises quick economic stability as the lira sinks deeper
Categories HIGHLIGHTS Markets Politics BofA Report: Elections in May – is Türkiye heading towards orthodoxy? Atilla YeşiladaPosted on30 March, 2023 Rebalancing needed in the economy The current account (CA) deficit hit a high of $51bn … Continue ReadingBofA Report: Elections in May – is Türkiye heading towards orthodoxy?
Categories Finance HIGHLIGHTS Markets Main opposition leader joins the equity sell-off debate Atilla YeşiladaPosted on12 January, 2023 After days of gut-wrenching sales, Turkey’s volatile but lucrative stock exchange main index appreciated more … Continue ReadingMain opposition leader joins the equity sell-off debate
Categories Finance HYPED Markets Bloomberg: Turkey Bond-Guarantee Plan Leaves Foreign Investors Underwhelmed Atilla YeşiladaPosted on10 May, 2022 The Turkish central bank’s plan to attract hard-currency inflows is getting negative reviews from some … Continue ReadingBloomberg: Turkey Bond-Guarantee Plan Leaves Foreign Investors Underwhelmed
Categories Emerging Markets HIGHLIGHTS EM: Investors dump funds on slowdown worries Atilla YeşiladaPosted on26 March, 2022 Mutual funds that invest in emerging market (EM) equities and bonds have faced huge outflows … Continue ReadingEM: Investors dump funds on slowdown worries
Categories Finance HYPED Markets Turkish Lira: Despite Central Bank intervention, TL is closing the day down Atilla YeşiladaPosted on24 February, 2022 At Turkish time 6 pm, dollar/TL was trading at 14.20-21, despite what Bloomberg News claimed … Continue ReadingTurkish Lira: Despite Central Bank intervention, TL is closing the day down
Categories HIGHLIGHTS Markets Turkey Strategy: 2022 Outlook Risks are high; so is the return Atilla YeşiladaPosted on18 January, 2022 Potential The new FX-protected TL deposits scheme is another step away from much-needed orthodox measures. … Continue ReadingTurkey Strategy: 2022 Outlook Risks are high; so is the return
Categories Finance HIGHLIGHTS Markets Turkey: Central Bank sells over 7 bn dollars in a month Atilla YeşiladaPosted on8 January, 2022 The Central Bank of Turkey sold 7.28 billion dollars in December to inject liquidity into … Continue ReadingTurkey: Central Bank sells over 7 bn dollars in a month
Categories Finance HIGHLIGHTS Markets How do you fix a broken economic experiment? By launching another and crazier plan….. (Or the cure is worse than the disease) Atilla YeşiladaPosted on21 December, 2021 According to AP, Turkish President Recep Tayyip Erdogan on Monday announced a series of measures … Continue ReadingHow do you fix a broken economic experiment? By launching another and crazier plan….. (Or the cure is worse than the disease)
Categories Finance HYPED Markets Market Watch: Turkish lira crumbles after S&P warns over Turkey Atilla YeşiladaPosted on13 December, 2021 The beleaguered Turkish lira was crushed on Monday after Standard & Poor’s warned it may … Continue ReadingMarket Watch: Turkish lira crumbles after S&P warns over Turkey
Categories Finance Markets BarCap expects the policy rate to be cut by 300bp to 12% over the next two CB meetings Atilla YeşiladaPosted on7 December, 2021 Inflation to peak at over 30%: Marking to marked the most recent move in TRY, … Continue ReadingBarCap expects the policy rate to be cut by 300bp to 12% over the next two CB meetings
Categories Emerging Markets General HIGHLIGHTS Markets IMF and the Economist deem Turkey highly vulnerable in 2022 Atilla YeşiladaPosted on4 December, 2021 IMF recently published a blog titled “Addressing Inflation Pressures Amid an Enduring Pandemic”, where Turkey … Continue ReadingIMF and the Economist deem Turkey highly vulnerable in 2022
Categories Emerging Markets HYPED Cash flows to EMs stop, TL worst performer for month Atilla YeşiladaPosted on4 December, 2021 Capital flows to emerging markets not including China suffered a “sudden stop” this quarter according … Continue ReadingCash flows to EMs stop, TL worst performer for month
Categories Finance HYPED Markets CNBC: Turkey uncertainty leaves little appeal for investors, strategist says Atilla YeşiladaPosted on24 November, 2021 The unpredictability of Turkey’s fiscal and monetary policy means investors should stay away until normality … Continue ReadingCNBC: Turkey uncertainty leaves little appeal for investors, strategist says
Categories General HIGHLIGHTS Markets Turkey Morning Bulletin: Market review, economy & politics Atilla YeşiladaPosted on12 October, 2021 MSCI Turkey outperformed the MSCI EM by 0.6% yesterday. BIST-100 gained 1.3%, closing at the … Continue ReadingTurkey Morning Bulletin: Market review, economy & politics
Categories Atilla Yeşilada Finance HIGHLIGHTS Markets OPINION: TL testing new lows, worse to come Atilla YeşiladaPosted on30 September, 2021 Turkish Lira is about to close this week’s trading in Istanbul, at 8.8750-88 vs the … Continue ReadingOPINION: TL testing new lows, worse to come
Categories Finance HIGHLIGHTS HYPED Markets Locals sell $1 Billion after CBRT’s policy rate cut Atilla YeşiladaPosted on24 September, 202124 September, 2021 After the Central Bank’s (MB) interest rate cut, which bankers had difficulty explaining for economic … Continue ReadingLocals sell $1 Billion after CBRT’s policy rate cut