November 26, 2024 08:25 GMT
TURKEY: Short-Selling Ban on Stocks May Be Lifted Before Year-End
TURKEY
- Work on ending the shorting ban on Turkish stocks is continuing, BloombergHT report citing market regulator chief Ibrahim Omer Gonul as saying. “We will lift it within a short period of time,” he said, adding that the ban may be lifted before year-end. As a reminder, Bloomberg reported in October that officials were discussing lifting the ban in a bid to attract more overseas capital. The ban was imposed in early-2023 following the earthquakes.
- Turkey's 12-month household inflation expectation fell to 64.1% in November from 67.2% in October, according to the latest data from the CBRT. The real-sector's 12-month expectations also fell, to 47.8% from 49.5%.
- There are no other major data releases scheduled for today. Trade balance figures for October will cross on Thursday (Est: -$5.70bn; Prior: -$5.13bn) while Q3 GDP data provides the highlight of the week on Friday (Est: -0.2% Q/Q; Prior: +0.1%).
144 words