Morning Note /
Turkey

Turkish equities have been ignoring lira weakness

  • Lira has weakened past 9.90 against the dollar as stronger than expected US CPI pushed both UST10s and DXY higher

  • Nobody is wondering is the Lira will weaken beyond 10 against USD today

  • ISDMR Board decided to propose cash dividend TL 1.50/shr. (positive for EREGL and ISDMR)

Batuhan Ozsahin
ATA Invest
11 November 2021
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