Turkey Wake-up call: Macro, Political and Equity News, 3rd November
BIST retreated 0.21% yesterday on afternoon profit-taking, ending its 10-day winning streak with a minor loss. Banks again outperformed with the 0.96% increase in their sector index that was driven by AKBNK and ISCTR while GARAN was a laggard this time. TUPRS, TTKOM, CCOLA, MAVI, SOKM, ARCLK, AEFES, and PGSUS led the non-bank gainers while EREGL, TOASO, GUBRF, KOZAL, KOZAA, HEKTS, CIMSA, and ENJSA were among the weaker spots. Today, our key macro agenda item will be the October'21 inflation numbers due 10AM local time. Bloomberg consensus CPI at +2.80% (yearly 20.35% vs 19.58% a month ago) and PPI at +2.70% (yearly 41.40% vs 43.96% a month ago). We anticipate a flattish start for the BIST this morning as investors will await the inflation data and the FED meeting later in the evening. U.S. futures are down a few points while Asian bourses present a mixed picture. Lira is a bit weaker with the USDTRY cruising above the 9.61 level in early trades vs 9.5842 at yesterday's closing bell.
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.