Turkey Wake-up call: Macro, Political and Equity News, 27th July
BIST retreated 0.45% yesterday as the pressure on European peers weighed on Turkish stocks alike. Banks were weaker with the 1.82% loss in their sector index amid profit-taking. FROTO, power generation companies, SELEC, DEVA, KOZAA, AGHOL, and MAVI led the gainers in the BIST100 universe while steelmakers, TTKOM, KORDS, HEKTS, YATAS, and OTKAR were among the weaker spots. Today, we have a muted local macro and political agenda. We anticipate a slight positive open for the BIST on the back of the supportive sentiment abroad ahead of tonight's pivotal FED meeting. U.S. futures are up 0.9% in early trades and Asian equity indices are mostly trading in the green.
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.
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