Equities
0
Turkish Banks: Out of Deep Waters?

Despite the recent decline in the stock market, key fundamentals still build a supportive case for Turkish banks. Fiscal year growth is likely to exceed expectations, margins are to recover through in last quarter of this year and in 2014, as well as, despite the…

Macro View
0
Turkey Industrial Production: Surprisingly Strong

Industrial production in September posted 6,4% growth over last year, thus staying above the market consensus. Meanwhile, adjusted for seasonal and working day effects, industrial production, expanded by 5,8% over August. The major contributors to growth were computers, electronic and optical products, publishing, furniture, as…

Macro View
0
A Housing Bubble in Turkey?

The biggest failure of modern capitalism has been the housing bubble that led a big financial crisis several years ago. The United States housing market collapsed following the increasing foreclosure rates, than huge loss for the banks by assets invested in mortgage market, unprecedented bail-outs…

Macro View
0
Foreign Investors’ Behaviors in Turkey

Tracking the foreign investors’ behaviors is the perfect guidance when it comes to investing in Turkish assets. This is also explaining the asset prices hit the top where non residents’ holding of assets makes a boom, in contrary, the market dips where non-residents turn out…

Macro View
0
Remember What Happened in 2001?

With the outbreak of huge financial turmoil of Turkey in 2001, we saw Turkish lira dramatically depreciates against other currencies in nine consecutive days. Even though some dissimilarities exist between today and 2001, the recent moves in Turkish Lira as same as they were 12…

Macro View
0
Turkey Inflation Beats Expectations

According to data released by the Statistics Office this morning, headline CPI was up 1.8% mom, compared to the consensus forecast of 1.25% mom. Meanwhile year-on-year headline inflation is up to 7.71%, quietly higher than CBT’s target. Food price inflation surprised the market on the…

Macro View
0
Story Of 90 Years With Two Charts

On 29 Oct, Turkey celebrated the Republic Day and 90th anniversary of  the foundation of the country. At the same day, Ugur Gurses, the columnist at Turkey’s daily newspaper Radikal, shared two must-see charts showing how economy made progress since the beginning, in a well-summarized…

Macro View
0
10y US Treasury As A Global Markets Driver

At the center of all financial markets, we have the market for US Treasury. US fixed income market play a crucial role in the global economy. Treasurys are denominated in US dollars, the main currency used by central banks and major financial institutions around the…

Macro View
0
A More Supervised Credit Era Begins in Turkey

Too much public spending, excessive reliance on domestic demand and loose monetary policy. These are the points that IMF implied about Turkish economy within its global economic outlook report published recently. In addition, for the past few years, the country’s technocrats have forewarned of rates…

Macro View
0
Yield Seeking Carry Traders Go For Turkish Bonds

Yesterday, we had the data for non-farm payrolls in the US and the number was extremely disappointing as investors expect Fed to postpone the tapering its asset purchasing program. Expectations for longer liquidity in the US, support emerging markets, as Turkish debt offers one of…

1 11 12 13 14