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TURKEY: Goldman Sachs Upgrades Turkey Stocks to Market-Weight

TURKEY
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  • Goldman Sachs upgraded Turkish stocks to market-weight from underweight on the back of improving fundamentals, citing the boost from a bigger-than-expected interest-rate cut late December. They forecast the benchmark BIST-100 Index will end 2025 at 11,300 points, up from current 9,890.
  • According to bankers who spoke to Dunya newspaper, the rate cut cycle has begun to be reflected on loan and deposit rates, however, the interest rate reduction in loans is expected to be limited due to the reserve requirement adjustments from the central bank.
  • The central bank will publish weekly portfolio capital flows data this afternoon while Vice President Cevdet Yilmaz chairs meeting on population policies in Ankara.
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  • Goldman Sachs upgraded Turkish stocks to market-weight from underweight on the back of improving fundamentals, citing the boost from a bigger-than-expected interest-rate cut late December. They forecast the benchmark BIST-100 Index will end 2025 at 11,300 points, up from current 9,890.
  • According to bankers who spoke to Dunya newspaper, the rate cut cycle has begun to be reflected on loan and deposit rates, however, the interest rate reduction in loans is expected to be limited due to the reserve requirement adjustments from the central bank.
  • The central bank will publish weekly portfolio capital flows data this afternoon while Vice President Cevdet Yilmaz chairs meeting on population policies in Ankara.