May 21, 2024 07:16 GMT
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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