Morning Note /
Turkey

Turkey: Fed day

  • Turkey is trading totally on its own dynamics with Lira depreciation moving all hard currency linked stocks

  • The banks joined the party yesterday as well as the laggards of the last month’s rally

  • With Lira at 14.58 this morning, we cannot be strong supporters of a high and clean conviction bank call

Turkey: Fed day
Batuhan Ozsahin
ATA Invest
15 December 2021
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