Categories Economy Finance HIGHLIGHTS Turkey on the verge of a weak currency-inflation spiral Atilla YeşiladaPosted on25 October, 2021 The Turkish lira weakened 1.6% to a record low against the dollar in early Asian … Continue ReadingTurkey on the verge of a weak currency-inflation spiral
Categories Economy Emerging Markets Finance General HIGHLIGHTS Emerging-Market Currencies Hurt by Growth Woes After Rate Hikes Güldem AtabayPosted on18 October, 2021 Central banks’ longstanding strategy of hiking interest rates to defend currencies is failing to work … Continue ReadingEmerging-Market Currencies Hurt by Growth Woes After Rate Hikes
Categories Business Finance Share of foreigners in Borsa Istanbul decreased to 41.54 percent Cem CetingucPosted on15 October, 2021 The share of foreigners in Borsa Istanbul decreased to 41.54 percent. According to the information … Continue ReadingShare of foreigners in Borsa Istanbul decreased to 41.54 percent
Categories Economy Finance HIGHLIGHTS World Bank: Turkish financial stability threatened by interest rate cuts Atilla YeşiladaPosted on8 October, 2021 Turkey is faced with possible financial instability after the central bank cut interest rates to … Continue ReadingWorld Bank: Turkish financial stability threatened by interest rate cuts
Categories Emerging Markets Finance HYPED Markets Currency view: MPC minutes highlight emphasis on transitory nature of inflation, weaker TL on the horizon Atilla YeşiladaPosted on5 October, 2021 CBT’s minutes from the September MPC meeting highlighted an attitude of dismissing recent inflation pressure … Continue ReadingCurrency view: MPC minutes highlight emphasis on transitory nature of inflation, weaker TL on the horizon
Categories Economy Finance Macro Snapshot: Net FX Position of Non-Financial Companies Cem CetingucPosted on5 October, 2021 In July, net FX position of the non- financials was decreased by USD5.6bn to USD57.6bn with … Continue ReadingMacro Snapshot: Net FX Position of Non-Financial Companies
Categories Business Company & Industry Finance SISE – Buy: 2021 HSBC Global Emerging Markets Forum Cem CetingucPosted on4 October, 2021 Trading update.The renovation market and secondary processor demand continue to keep architectural glass volumes vibrant … Continue ReadingSISE – Buy: 2021 HSBC Global Emerging Markets Forum
Categories Finance HIGHLIGHTS Markets Turkey’s monetary easing to continue, exchange rate shock in works Atilla YeşiladaPosted on2 October, 2021 Standard Chartered said on Friday it now expects Turkey’s central bank to cut interest rates … Continue ReadingTurkey’s monetary easing to continue, exchange rate shock in works
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 Company & Industry Finance Fitch Ratings: Turkish banks have enough FC liquidity Cem CetingucPosted on27 September, 2021 Turkey’s seven largest banks have sufficient short-term foreign currency (FC) liquidity to service FC debt during the … Continue ReadingFitch Ratings: Turkish banks have enough FC liquidity
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
Categories Economy Finance HIGHLIGHTS Aftermath: Central Bank of Turkey rate cut Atilla YeşiladaPosted on23 September, 2021 Turkish view by Yatirim Finansman Securities: Beware of negative consequences The CBRT stressed that the … Continue ReadingAftermath: Central Bank of Turkey rate cut
Categories Economy Finance Macro Snapshot: Turkey Consumer Confidence Index, September 2021 Cem CetingucPosted on23 September, 2021 In September, CCI decreased by 1.8% MoM to 79.7 (August: 78.2). According to 3-month average … Continue ReadingMacro Snapshot: Turkey Consumer Confidence Index, September 2021
Categories Emerging Markets Finance HYPED Markets Danske Bank: In case of stagflation, short Emerging Markets Atilla YeşiladaPosted on22 September, 2021 Danske Bank sees about a 30% chance of a stagflation scenario playing out. In case … Continue ReadingDanske Bank: In case of stagflation, short Emerging Markets
Categories Company & Industry Finance HSBC: Turkish Banks Cem CetingucPosted on22 September, 2021 Improving margins to boost core PPI in 2H21e and … We reiterate our view that … Continue ReadingHSBC: Turkish Banks
Categories Business Finance HYPED Markets TURKEY: Morning Bulletin Atilla YeşiladaPosted on22 September, 2021 On the Market MSCI Turkey underperformed the MSCI EM by 0.5% yesterday. BIST-100 lost 0.5%, … Continue ReadingTURKEY: Morning Bulletin
Categories Finance HIGHLIGHTS Markets OPINION: Turkish assets after Central Bank and Fed Atilla YeşiladaPosted on21 September, 2021 World stock markets started September with a sell-off, as concerns about the slowdown caused by … Continue ReadingOPINION: Turkish assets after Central Bank and Fed
Categories Business Finance Y.F. Equity Strategy Report: Running to stand still Cem CetingucPosted on21 September, 202121 September, 2021 We are moving our BIST-100 target to 1,875 (previously 1,750), while underlining risks that lower … Continue ReadingY.F. Equity Strategy Report: Running to stand still
Categories Economy Finance Macro Snapshot: CBRT Survey of Market Participants Cem CetingucPosted on20 September, 2021 Policy rate would be kept stable in September but to be cut by 100bps in … Continue ReadingMacro Snapshot: CBRT Survey of Market Participants
Categories Emerging Markets Finance HYPED Markets Tellimer’s top EM bond picks for Q4 2021 Atilla YeşiladaPosted on17 September, 2021 By Stuart Culverhouse –Our Top 5 picks for the rest of 2021 are Buys … Continue ReadingTellimer’s top EM bond picks for Q4 2021
