Categories Economy Emerging Markets HIGHLIGHTS Hail the Turkish state of mind: October economic confidence spikes 4.8% Güldem AtabayPosted on28 October, 2020Economic confidence index that was 88.5 in September increased by 4.8% in October to 92.8. … Continue ReadingHail the Turkish state of mind: October economic confidence spikes 4.8%
Categories Economy Emerging Markets Finance HIGHLIGHTS Politics BBC: Turkish lira sinks amid Erdogan fury with allies Güldem AtabayPosted on28 October, 2020President Recep Tayyip Erdogan has riled France and the US among others. Analysts attribute the … Continue ReadingBBC: Turkish lira sinks amid Erdogan fury with allies
Categories Economy Emerging Markets HIGHLIGHTS Markets Politics DW: Boycott call tests France-Turkey trade relations Güldem AtabayPosted on28 October, 2020Turkish President Recep Tayyip Erdogan has urged Turks to stop buying French goods in response … Continue ReadingDW: Boycott call tests France-Turkey trade relations
Categories Economy Emerging Markets HIGHLIGHTS HYPED Politics CFR: The changing nature of Turkey’s balance sheet risks Güldem AtabayPosted on27 October, 2020The lira was under a fair amount of pressure today. Bloomberg reports the state banks … Continue ReadingCFR: The changing nature of Turkey’s balance sheet risks
Categories Emerging Markets HYPED BIS: EM dollar debt tops $4 trillion for first time Atilla YeşiladaPosted on26 October, 2020Dollar-denominated debt in emerging markets has risen past $4 trillion for the first time following … Continue ReadingBIS: EM dollar debt tops $4 trillion for first time
Categories Economy Emerging Markets Sectoral Confidence Indices recovery in October: Winner is the service sector Güldem AtabayPosted on26 October, 202026 October, 2020Seasonally adjusted confidence index increased by 6.4% in services sector, 1.7% in retail trade sector … Continue ReadingSectoral Confidence Indices recovery in October: Winner is the service sector
Categories Economy Emerging Markets HIGHLIGHTS Markets Politics ANALYSIS: The central bank’s inaction today will bring more rate hikes down the road Güldem AtabayPosted on22 October, 202022 October, 2020What began as a promising move in September, with the central bank of Turkey finally … Continue ReadingANALYSIS: The central bank’s inaction today will bring more rate hikes down the road
Categories Business Emerging Markets BIS: Emerging-market cross-border lending sinks for first time since 2016 Atilla YeşiladaPosted on20 October, 2020Cross-border lending to emerging markets fell in the second quarter for the first time since … Continue ReadingBIS: Emerging-market cross-border lending sinks for first time since 2016
Categories Economy Emerging Markets Finance HIGHLIGHTS Bloomberg: Turkish Banks Pause Plan to Offload Bad Loans in Recovery Bet Güldem AtabayPosted on20 October, 2020Turkish banks suspended a plan to create an asset-management firm to take over their problematic … Continue ReadingBloomberg: Turkish Banks Pause Plan to Offload Bad Loans in Recovery Bet
Categories Company & Industry Economy Emerging Markets Finance HIGHLIGHTS JPMorgan Calls Turnaround on Turkey as Markets Warm to Borrowers Güldem AtabayPosted on20 October, 2020JPMorgan Chase & Co.’s top executive in Turkey said the momentum from the government’s international … Continue ReadingJPMorgan Calls Turnaround on Turkey as Markets Warm to Borrowers
Categories Economy Emerging Markets HIGHLIGHTS HYPED Politics Defeat for Trump Would Mean Some Other Leaders Also Lose Out (incl. Erdogan) Güldem AtabayPosted on20 October, 202020 October, 2020If Donald Trump is forced from the White House in the November election, he won’t … Continue ReadingDefeat for Trump Would Mean Some Other Leaders Also Lose Out (incl. Erdogan)
Categories Economy Emerging Markets HIGHLIGHTS HYPED Politics Bloomberg: Erdogan Does What He Can Get Away With Güldem AtabayPosted on20 October, 202020 October, 2020In 2010, Turkey’s “Zero Problems” foreign-policy doctrine was the marvel of the Mediterranean and the … Continue ReadingBloomberg: Erdogan Does What He Can Get Away With
Categories Emerging Markets HYPED Markets Reuters poll: Trouble ahead for erratic emerging market FX, dollar/TL close to peak Atilla YeşiladaPosted on13 October, 2020BENGALURU/JOHANNESBURG (Reuters) – Volatility in emerging market currencies will not let up in the next … Continue ReadingReuters poll: Trouble ahead for erratic emerging market FX, dollar/TL close to peak
Categories Emerging Markets Corona extracts more pain in Iran than sanctions Atilla YeşiladaPosted on13 October, 2020DUBAI (Reuters) – The Iranian rial fell to a new low against the U.S. dollar … Continue ReadingCorona extracts more pain in Iran than sanctions
Categories Economy Emerging Markets HIGHLIGHTS No good: Turkey’s 2020 domestic borrowing limit doubled Güldem AtabayPosted on9 October, 2020The proposal on the “Amendment of the Public Financial Management and Control Law” was accepted … Continue ReadingNo good: Turkey’s 2020 domestic borrowing limit doubled
Categories Economy Emerging Markets HIGHLIGHTS Another day, another rate hike.. but not the “one” Güldem AtabayPosted on9 October, 2020Turkey’s central bank increased its swap rate it offers for lira to 11.75 percent from … Continue ReadingAnother day, another rate hike.. but not the “one”
Categories Columnists Emerging Markets HIGHLIGHTS EM prognosis: Deeper recession, meagre financial flows Atilla YeşiladaPosted on9 October, 2020“Insanity is to repeat the same action expecting different results”, said Einstein, or perhaps it … Continue ReadingEM prognosis: Deeper recession, meagre financial flows
Categories Emerging Markets HYPED Markets Macro Thoughts by Murat Berk: More Balanced Atilla YeşiladaPosted on8 October, 2020 Almost right on cue, following our piece on risk markets, especially the Nasdaq as … Continue ReadingMacro Thoughts by Murat Berk: More Balanced
Categories Economy Emerging Markets Finance HIGHLIGHTS Turkish lira weakens to another record low Güldem AtabayPosted on7 October, 2020While Turkey’s central bank felt the need to act reversing the monetary policy to tightening, … Continue ReadingTurkish lira weakens to another record low
Categories Economy Emerging Markets Finance HIGHLIGHTS Lira slide towards eight-per-dollar highlights Turkey economic pressure points Güldem AtabayPosted on6 October, 2020The Turkish lira’s move towards the 8-to-the dollar mark will compound its 25% slide this … Continue ReadingLira slide towards eight-per-dollar highlights Turkey economic pressure points
