Categories Economy Finance HIGHLIGHTS Markets Macro Snapshot: CUR, RSCI and Sectoral Confidence Indices Cem ÇetingüçPosted on25 January, 2021In January, CUR of manufacturing sector, RSCI and sectoral confidence indexes gave a mixed outlook. … Continue ReadingMacro Snapshot: CUR, RSCI and Sectoral Confidence Indices
Categories Finance HYPED Markets IMF/Georgieva: Forecasts for Global Economy Are Grim—-When Will Markets Wake Up? Atilla YeşiladaPosted on23 January, 2021The head of the International Monetary Fund has warned that the global economy risks a … Continue ReadingIMF/Georgieva: Forecasts for Global Economy Are Grim—-When Will Markets Wake Up?
Categories Economy Finance HIGHLIGHTS Markets Turkey Weighs End to Banks’ Dividend Freeze on Recovery Hope Güldem AtabayPosted on21 January, 2021Turkish authorities are considering the removal of a year-old ban on banks’ dividend payments, counting … Continue ReadingTurkey Weighs End to Banks’ Dividend Freeze on Recovery Hope
Categories Economy Finance General HIGHLIGHTS Central Bank keeps the rate at 17% with a strong “no rate cut soon” message Güldem AtabayPosted on21 January, 2021The central bank of Turkey today at its Monetary Policy Council (MPC) meeting kept the … Continue ReadingCentral Bank keeps the rate at 17% with a strong “no rate cut soon” message
Categories Economy Finance HIGHLIGHTS Politics Bloomberg: Incoming Biden Administration Hints at More Turkey Sanctions Güldem AtabayPosted on20 January, 202120 January, 2021President-elect Joe Biden’s pick to lead the State Department said the U.S. would decide whether … Continue ReadingBloomberg: Incoming Biden Administration Hints at More Turkey Sanctions
Categories Economy Finance General HIGHLIGHTS Markets Turkey’s high yielding Eurobond sale: 1/3 of the 2021 target completed Güldem AtabayPosted on20 January, 202120 January, 2021As was announced the day before, Turkey completed its first Eurobond sale of 2021 and … Continue ReadingTurkey’s high yielding Eurobond sale: 1/3 of the 2021 target completed
Categories Economy Finance HIGHLIGHTS New Eurobond issue: 2026-2 31 maturity Güldem AtabayPosted on19 January, 2021The Treasury and Finance Ministry announced it hired Citigroup, Goldman Sachs and JPMorgan for the … Continue ReadingNew Eurobond issue: 2026-2 31 maturity
Categories Economy Finance General Markets OECD: Reforms will support Turkey’s economic recovery Cem ÇetingüçPosted on18 January, 202118 January, 2021Alvaro Pereira, Organization for Economic Cooperation and Development (OECD) Country Director of Studies, said Turkey’s … Continue ReadingOECD: Reforms will support Turkey’s economic recovery
Categories Economy Emerging Markets Finance HIGHLIGHTS Central Bank’s rate decision week with Erdogan looming large Güldem AtabayPosted on17 January, 202117 January, 2021On Jan, 21, this week on Thursday, the new governor Naci Agbal appointed in November … Continue ReadingCentral Bank’s rate decision week with Erdogan looming large
Categories Economy Finance HIGHLIGHTS Budget, December 2020: A Tough Road in Medium Term Cem ÇetingüçPosted on16 January, 202116 January, 2021In December, Budget gave a deficit of TL40.7bn. There was no consensus available. Budget gave a … Continue ReadingBudget, December 2020: A Tough Road in Medium Term
Categories Business Company & Industry Finance HIGHLIGHTS Markets Company Update: GARANTI – Our Top Banking Pick of 2021 Cem ÇetingüçPosted on15 January, 202115 January, 2021Garanti released 2021 operating plan guidance last week The Bank has kept 2020 guidance unchanged … Continue ReadingCompany Update: GARANTI – Our Top Banking Pick of 2021
Categories Business Economy Finance HIGHLIGHTS Markets Inflation Drumbeat: Emerging Markets in 2021 Cem ÇetingüçPosted on14 January, 2021EM inflation drumbeat is not yet very strong, despite local risks and the louder chatter … Continue ReadingInflation Drumbeat: Emerging Markets in 2021
Categories Economy Finance HIGHLIGHTS Macro Focus: November Still Strong in Q4 Cem ÇetingüçPosted on14 January, 2021In November, IP increased by 1.3% MoM and 11% on a YoY. According to the consensus, … Continue ReadingMacro Focus: November Still Strong in Q4
Categories Finance Bad loans: 193.5 billion lira loan restructuring from banks Atilla YeşiladaPosted on13 January, 2021According to the Dünya Newspaper, the amount of loan debt, which is deferred by restructuring … Continue ReadingBad loans: 193.5 billion lira loan restructuring from banks
Categories Atilla Yeşilada Economy Finance HIGHLIGHTS Turkey’s external financing squeeze Atilla YeşiladaPosted on12 January, 2021Reuters reports that Turkish GDP is expected to grow %4 in 2021. World Bank is … Continue ReadingTurkey’s external financing squeeze
Categories Business Company & Industry Finance Markets Top Picks Update: Adding MPARK, Removing TTKOM Cem ÇetingüçPosted on11 January, 2021Adding MPARK. We are adding MLP Care to our model portfolio with a recently increased TP … Continue ReadingTop Picks Update: Adding MPARK, Removing TTKOM
Categories Company & Industry Economy Finance HIGHLIGHTS Turkish Banks: 2021 outlook Cem ÇetingüçPosted on10 January, 202110 January, 2021We turn selective after the recent rally. We maintain our view that profitability should improve … Continue ReadingTurkish Banks: 2021 outlook
Categories Finance Markets FDF: Turkey’s Frantic Gold Rush Points to a Financial Crisis Ahead Atilla YeşiladaPosted on9 January, 2021The Turkish economy is “a train wreck in slow motion,” in the words of one … Continue ReadingFDF: Turkey’s Frantic Gold Rush Points to a Financial Crisis Ahead
Categories Finance HYPED THE ROLE OF ART INVESTMENT AS A HEDGE OR SAFE HAVEN Atilla YeşiladaPosted on6 January, 2021Can art can be considered a safe haven during volatile times or a hedging option … Continue ReadingTHE ROLE OF ART INVESTMENT AS A HEDGE OR SAFE HAVEN
Categories Economy Finance General Macro Snapshot: Net FX Position of Non-Financial Companies, October 2020 Cem ÇetingüçPosted on6 January, 2021In October, net FX position of the non-financials was USD-157.2bn (3Q20: USD -162.3bn). The total … Continue ReadingMacro Snapshot: Net FX Position of Non-Financial Companies, October 2020
