Turkey Wake-up call: Macro, Political and Equity News, 26th January
BIST rebounded 1.82% yesterday, partially recovering its losses from Monday's slump. Benchmark BIST100 index gained traction in the afternoon hours after some indecisive moves in the morning. Banks gained 1.71% on average, performing in line with the broader market. TOASO, TCELL, KCHOL, FROTO, ISGYO, and Koza Group names led the non-bank gainers in the BIST100 space while KRDMD, OTKAR, AYDEM, KRVGD, ISMEN, and AKSA were some of the few weak spots. Coming to this morning, our local macro and political agenda are muted. We predict a positive open for the BIST given the 1.6-2.1% overnight gains in U.S. markets after the hour we left and some stability in the lira (USDTRY around the 13.47 mark vs 13.5098 at yesterday's closing bell). U.S. futures are up another c.0.3% in early trades while Asian stock markets present a mixed picture ahead of tonight's FED meeting announcements.
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.