Free Trial

Local Press Flags Persistent Foreign Capital Inflows, Equity Rally

TURKEY
  • Ekonomi covers the continued foreign capital inflow into Turkey, writing that the $13.6bln carry trade persists as concerns around economic policy continue to subside after the elections.
  • Erdogan argues in Hurriyet that Turkey needs a new constitution to support a "new Turkey" - and again pressed the importance of his government's call for "at least" 3 children per household.
  • Dunya write on recent moves in the Borsa Istanbul, seeing the index continuing to break record levels. The paper cites experts in predicting that once $400 is topped, the $500 peak may come to the fore.
  • Risk events are few and far between Tuesday, with markets looking ahead to Thursday's CBRT rate decision and the expected unchanged base rate of 50%.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.