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BGC Partners: TURKEY - Slight increase in foreign trade deficit continued in October, mainly due to gold imports...
Monthly foreign trade deficit was US$1.8bn in October, in-line with expectations, suggesting a US$1.3bn y/y increase in the trade balance from a mere US$0.5bn in Oct’18 which was the lowest level since April 2001. We should note that the Ministry of Customs and Trade announce preliminary foreign trade figures at the beginning of the month, so the official announcement is not fresh news.
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BGC Partners
BGC has been one of the major market players in Turkish OTC debt, FX and swaps markets since 1998.
We started offering corporate finance and investment banking services to our clients in 2013. We offer a complete range of financial services to help our clients achieve their goals. Our main areas of activity within investment banking are as follows:
- Mergers & Acquisitions
- Equity Capital Markets
- Debt Finance & Advisory
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