Categories Emerging Markets Finance HIGHLIGHTS Fed Interest Rate Hikes Will Hurt Turkish Economy (And Other Emerging Markets) Badly Atilla YeşiladaPosted on11 February, 2022 American Central Bank Fed will start raising its interest rates by March. It will also … Continue ReadingFed Interest Rate Hikes Will Hurt Turkish Economy (And Other Emerging Markets) Badly
Categories Business Company & Industry Finance HIGHLIGHTS HSBC: TOASO – BUY Promising outlook in both the short and long term Cem CetingucPosted on10 February, 2022 Entering “double-digit PBT” era. The key message from the FY21 results webcast (held on 4 … Continue ReadingHSBC: TOASO – BUY Promising outlook in both the short and long term
Categories Economy Finance HIGHLIGHTS Turkey Readies First Global Bond Sale Since Lira Implosion Güldem AtabayPosted on8 February, 2022 Turkey is preparing to return to global bond markets for the first time since the … Continue ReadingTurkey Readies First Global Bond Sale Since Lira Implosion
Categories Finance HIGHLIGHTS Markets Bloomberg: Turkey’s Real Rate at Minus 35% Deepens the Gloom for Lira Atilla YeşiladaPosted on3 February, 2022 Traders see a probability of almost 50% that the lira will surpass its record low … Continue ReadingBloomberg: Turkey’s Real Rate at Minus 35% Deepens the Gloom for Lira
Categories Business Company & Industry Finance HIGHLIGHTS SISE Buy: Top-line growth to offset margin decline Cem CetingucPosted on2 February, 2022 2022 is mainly about top-line growth. We believe 2021 concluded with firmer operating margins y-o-y … Continue ReadingSISE Buy: Top-line growth to offset margin decline
Categories Economy Finance HIGHLIGHTS Turkish Lira: Doomed to devaluation? Cem CetingucPosted on2 February, 2022 For investors in Turkey, December 2021 will go down as the month of the white-knuckle … Continue ReadingTurkish Lira: Doomed to devaluation?
Categories Business Economy Finance HIGHLIGHTS Macro Snapshot: CUR, RSCI and Sectoral Confidence Indices Cem CetingucPosted on1 February, 2022 In January, manufacturing CUR and construction confidence index decreased whereas real sector, service and retail … Continue ReadingMacro Snapshot: CUR, RSCI and Sectoral Confidence Indices
Categories Business Company & Industry Finance HIGHLIGHTS Turkish Banks: Q4 21 results – What to expect? Cem CetingucPosted on1 February, 2022 Q4 2021 earnings season will start next week. We expect 39% earnings growth qoq and … Continue ReadingTurkish Banks: Q4 21 results – What to expect?
Categories Business Company & Industry Finance HIGHLIGHTS Turkish Banks: Sector Monthly Data Cem CetingucPosted on1 February, 2022 29% monthly ROE on lower provision expenses Turkish banking sector’s December net income is up … Continue ReadingTurkish Banks: Sector Monthly Data
Categories Finance HIGHLIGHTS Markets Reuters: Central Bank sold $600 mn to $1 bn last week to defend Turkish Lira Atilla YeşiladaPosted on1 February, 2022 Turkish authorities either deny intervening in the currency market, or answer questions about the subject. … Continue ReadingReuters: Central Bank sold $600 mn to $1 bn last week to defend Turkish Lira
Categories Finance General Erdogan signals more rate cuts Atilla YeşiladaPosted on31 January, 2022 President Tayyip Erdogan repeated his unorthodox economic policy on Saturday, saying interest rates would be … Continue ReadingErdogan signals more rate cuts
Categories Finance Markets FXStreet: USD/TRY ignores Turkish President Erdogan to keep Fed-led gains near $13.50 Atilla YeşiladaPosted on27 January, 2022 USD/TRY picks up bids to $13.60, reversing the early Asian pullback on Thursday, as market … Continue ReadingFXStreet: USD/TRY ignores Turkish President Erdogan to keep Fed-led gains near $13.50
Categories Finance HYPED Mustafa Sonmez/al Monitor: Turkey’s central bank continues window dressing with currency swaps Atilla YeşiladaPosted on27 January, 2022 This is only an excerpt, read the full article: https://www.al-monitor.com/originals/2022/01/turkeys-central-bank-continues-window-dressing-currency-swaps#ixzz7JBSdyM8t Creating and managing … Continue ReadingMustafa Sonmez/al Monitor: Turkey’s central bank continues window dressing with currency swaps
Categories Finance HIGHLIGHTS The world’s eighth wonder: Turkish Lira Atilla YeşiladaPosted on27 January, 2022 Turkey’s once-sickly currency, the Turkish Lira has weathered the Fed storm, higher oil prices (Turkey … Continue ReadingThe world’s eighth wonder: Turkish Lira
Categories Business Company & Industry Finance HIGHLIGHTS Turkish Airlines: Cargo and FX remain near-term drivers Cem CetingucPosted on21 January, 2022 Cargo-driven FY21 sets a high base for FY22e profits. With revised forecasts in this note, … Continue ReadingTurkish Airlines: Cargo and FX remain near-term drivers
Categories Finance HIGHLIGHTS CBRT passes up on rate cut, but more are underway Atilla YeşiladaPosted on20 January, 2022 The Turkish Central Bank left its weekly repo rate unchanged 14%, in-line with expectations. This … Continue ReadingCBRT passes up on rate cut, but more are underway
Categories Finance HIGHLIGHTS Markets Turkish lira to weaken to 20 per dollar this year, Standard Chartered says Atilla YeşiladaPosted on20 January, 2022 Turkey’s lira is expected to weaken to 20 per dollar by the end of the … Continue ReadingTurkish lira to weaken to 20 per dollar this year, Standard Chartered says
Categories Business Finance HIGHLIGHTS Turkey’s swap deal with UAE boosts CB reserves Atilla YeşiladaPosted on20 January, 2022 Turkey and the United Arab Emirates have agreed to a currency swap deal equivalent to … Continue ReadingTurkey’s swap deal with UAE boosts CB reserves
Categories Economy Finance HIGHLIGHTS Turkish bank employees compelled to boost lira-defence scheme Güldem AtabayPosted on19 January, 2022 Turkey’s big state banks have set employee performance targets as they urge clients to convert … Continue ReadingTurkish bank employees compelled to boost lira-defence scheme
Categories Business Finance General HIGHLIGHTS Deutsche: Turkey: recent developments and what’s next Atilla YeşiladaPosted on19 January, 2022 In this report, we discuss recent developments regarding the FX-protected lira deposit scheme, provide an … Continue ReadingDeutsche: Turkey: recent developments and what’s next
