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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%.
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  • 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%.