iShares MSCI Turkey
Why Morgan Stanley Prefers Emerging Markets over US Markets
Similar to other investment banks, Morgan Stanley (MS) doesn’t have high hopes for US markets in 2019.
What US Investors Need to Know about Emerging Market Risks
According to the Institute of International Finance, the portfolio flows into emerging markets (EEM) slowed to $2.2 billion in August from $13.7 billion in July.
Fed Symposium Focus: Trade, Emerging Markets, Rates?
Another issue that has recently gained importance is the health of emerging markets (EEM), especially after the Turkey crisis.
How Would an Emerging Market Currency Crisis Impact Gold?
As Turkey’s concerns have spilled over to emerging markets, they are looking to monetize US dollar reserves to support their currency.
Investors’ Positions as Gold Drops to a 19-Month Low
On August 15, gold prices fell to a 19-month low of $1,173 per ounce as the US dollar continued its winning streak.
BAML Survey: Fund Managers Most Bullish on US Stocks in 15 Months
In this series, we’ll look at fund managers’ most crowded trades and top concerns according to a survey by Bank of America Merrill Lynch.
Turkey’s Crisis Didn’t Increase Gold’s Safe-Haven Bids
Usually, gold (GLD) gains due to economic or political turmoil. In 2018, gold has been behaving more like a risk asset.
What to Know as Turkey’s Currency Crisis Rattles World Markets
A currency crisis is currently rattling the world markets. Today, the Turkish lira (TUR) has plunged 20% against the US dollar.
Why the International Monetary Fund Expects Continued Euro Growth
Growth projections for Euro area upgraded The International Monetary Fund (or IMF) has revised its growth projections for France, Germany, Italy, and Spain. Growth projections for Germany (FGM), France (EWQ), and Italy (EWI) were upgraded by 0.2% for 2017, and 0.1% for 2018. Spain (EWP) had a higher upgrade to growth expectations, with a change of […]
Turkish Foreign Investment Fell as Political Tensions Escalated
Turkey attracted $12.3 billion in foreign direct investment in 2016, higher than expected considering the latest developments in Turkey and the neighboring region.
Did IMF Slash Turkey’s Growth Outlook amid Political Tensions?
Political uncertainty, a fall in tourism, weak corporate profitability, and credit growth are expected to impact Turkey’s (TUR) growth in 2017.
Turkey’s Surging Current Account Deficit and Its Impact in 2017
According to the Turkish government’s latest Medium-Term Economic Plan (or MEP), its forecast for a current account deficit for 2017 is $32 billion, or 4.2% of GDP.
Inflation Levels Fall in Singapore, Malaysian Unemployment Rate Falls
The inflation rate in Singapore fell by 0.7% on an annual basis in June after a 1.6% drop in May and estimated forecasts of a contraction of 1.1%.
Country Flows: Is Europe Riskier than Emerging Markets?
The iShares MSCI Emerging Markets ETF (EEM) clearly attracted the largest capital inflows last week.
UK Construction PMI Contracts Due to Uncertain Brexit Implications
The United Kingdom’s construction PMI (purchasing managers’ index) came in at 46 for June—compared to 51.2 in the previous month.
Central Bank of Turkey Cuts Lending Rates by 50 Basis Points
To stimulate low inflation levels and boost economic growth, the Central Bank of the Republic of Turkey cut the overnight lending rate by 50 basis points.
Strong Rise in Eurozone Current Account Surplus
The current account surplus in the Eurozone (EZU) (FEZ) increased to 34 billion euros on June 17 against 31.3 billion euros in April.
Markets Plunged as Bank of Russia Cut Rates by 0.5%
As widely expected, the Bank of Russia cut interest rates by 50 basis points to 10.5% on June 10 in order to bolster the sluggish growth in the economy.
Company & Industry Overviews
Why Vodafone’s Service Revenue in Turkey Saw a Sharp Rise
During fiscal 3Q16, the growth trend in Vodafone Turkey’s mobile subscribers continued.
Turkish Lira Fell as the Central Bank Holds Rates
The Turkish lira fell against the US dollar on December 22. It fell after an unexpected move by the Turkish central bank to keep interest rates steady at 7.5%.
Turkey Shoots Down Russian Warplane, Sparking Global Market Turmoil
Global markets fell as Turkey shot down a Russian warplane near the Turkey-Syria border today. Turkish officials alleged that they repeatedly warned the jet to leave Turkish airspace.
Turkey and Russia at Odds in the Syrian Crisis: Market Impact
The current geopolitical tension between Turkey (TUR) and Russia (RSX) (RUSS) stems from the ongoing Syrian crisis. Turkey and Russia support different sides in Syria’s civil war.
Turkish Lira Posts Gains After Business Confidence Above 100
The US dollar–Turkish lira currency pair, inversely related to the Turkish lira, fell by 0.69% on October 26, 2015, in a sign of optimism.
Some Emerging Markets Can Likely Handle Soft Growth in China
In 2013, when the Fed announced that it would gradually end its QE (quantitative easing) program, many emerging markets (ABE)(FEO) saw huge outflows of funds.
EMEA Countries Have Mixed Responses to Devaluation of the Yuan
Countries in the EMEA (Europe, the Middle East, and Africa) region have shown mixed responses to the devaluation of the yuan.
Turkish Lira Sinks to Record Lows against the US Dollar
The Turkish lira fell to historical lows against the US dollar to 2.87 on August 17, 2015. The currency was caught in a heavy sell-off experienced by major emerging markets.
US Construction Spending Increased 2.2% in March
In the latest reading in March, total construction spending increased 2.2% on a YoY basis. However, it declined slightly from February.
Steel Scrap Prices Moved Sideways in April
Steel scrap prices tanked by more than 25% in February. This helped mini mills. They were at a competitive disadvantage due to the decline in iron ore and coal prices.
Weak Industrial Production Data – Turkish Lira Continues Its Slide
In January 2015, Turkey recorded its biggest drop in industrial production in more than five years. Industrial production was down to -1.4% in January 2015.
Market Realist Chronicles: Taking Advantage of a Political Disaster in Turkey, at a 9.2x P/E
We can expect low short-term interest rates through 2015, despite the fact that tapering will probably continue next year.