Turkey Wake-up call: Macro, Political and Equity News, 18th August
BIST continued its rally with its 2.29% ascent yesterday, again driven by the 7.84% jump in the banking sector index. KCHOL, SAHOL, PGSUS, EKGYO, MGROS, ASELS, AKSEN, TKNSA, and KARSN topped the non-bank gainers in the BIST100 universe while EGEEN, SOKM, OTKAR, AGHOL, ARDYZ and GWIND stood out among the fewer decliners. Today, our key agenda item will be the monthly Monetary Policy Council meeting with the decision on policy rates due 2PM local time. Participants in the Bloomberg survey unanimously expect the MPC to keep its benchmark weekly repo rate unchanged at 14.00% for the eighth consecutive month (after cumulative cuts of 500bps in the preceding four months). We foresee a downtick start for the BIST given the sour sentiment in global bourses on growth worries this morning. U.S. futures are down a few points in early trades while Asian equity benchmarks are almost all trading with slight losses.
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.