Morning Note /
Turkey

Turkey: October CPI will be the most important domestic event of this week

  • Strong global risk off mode also hit Turkish equities, the only stronghold against the ever-depreciating Lira

  • Omicron variant fear hit all growth-related stocks but mostly aviation and other travel stocks

  • We expect a 3.6% m/m (consensus 3%) increase, which will carry annual inflation to 21.5% y/y in Nov'21.

Batuhan Ozsahin
ATA Invest
29 November 2021
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