Analysis and market intelligence on fixed income, forex and equities in Asia, EMEA and Latin America

Economy / Turkey

Financial Markets: Expect Another Leg Down

September 2008 | Market Strategy

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Turkish financial markets are likely to suffer further as banking sector uncertainty in the United States and eurozone filters through to lower global investor confidence and reduced demand. While we retain our core view that this will primarily play out on the equity and external debt market, we highlight that the currency could also take a further hit in the short term.