Turkey Wake-up call: Macro, Political and Equity News, 10th August
BIST retreated 0.15% yesterday as the afternoon weakness put an end to the market's 9-day winning streak. Banks fell behind for the second consecutive day amid the 0.83% drop in their sector index. SISE, PETKM, PGSUS, EKGYO, KORDS, CIMSA, GLYHO, and KARSN led the gainers while FROTO, EREGL, KCHOL, ALBRK, and Koza Group names were among the day's weakest names. Today, our local macro agenda showcases unemployment statistics for June'21 to be released at 10AM local time. Seasonally-adjusted unemployment had declined 0.6pp from a month ago to a 13.2% in May as the 481k decrease in labour force (labour force participation was sequentially down 0.8pp to 50.5%) outpaced the 216k monthly decline in the number of employed. BIST seems headed for a flattish start in absence of major drivers in either direction. U.S. futures are marginally lower while Asian equity indices are mostly trading with small gains for the day.
The Institutional Equity Research team of Raiffeisen Bank International AG covers 85 stocks from Austria, Central & Eastern Europe with sell-side research and thus levers our local broker status with excellent company relationships. For corporates in Austria, CEE and Western Europe, we offer co-sponsored research, which includes research coverage and marketing activities to investors. Additionally, through our Spotlight Research product we also shed light on leading European small and micro-caps, seeking greater visibility with investors.
The Institutional Equity Research team consists of roughly 15 analysts, both in Vienna and the CEE countries. Our analysts provide long-standing sector expertise in tandem with profound local market know how and a sectoral approach across the entire region.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.