Morning Note /
Turkey

Turkish equities took a breather after the disappointing CPI data

  • The big miss on NFP data only helped a bit, but we closed slightly above the 1465 level (previous strong resistance)

  • The government announced a new Medium Term Economic Program (MTEP) with more realistic macro parameters

  • High headline CPI reading will continue to act positively for CPI linker valuations of banks portfolios

Batuhan Ozsahin
ATA Invest
6 September 2021
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