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Istanbul stocks dipped by 2.3% on EU uncertainty.. |
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As we are heading to critical EU meeting in December, Turkish financial markets continue to remain under a heavy selling pressure. After EU set Dec.6 as a deadline for Turkey to open ports to Cypriot traffic, Turkish government claimed to reject such a deadline.
Hedge funds continued to hurry to sell in the Istanbul Stock Exchange and Istanbul stocks dipped by 2.3%- ISE-30 index closed at 47.108, reflecting 5.1% decline in the last four trading sessions. The yield of most active 2-years bond increased to 21.6% from 20.8% and TRY lost by nearly 2.4% against USD and 3.3% against EUR via closing of heavy carry-trade positions.
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22.11.2006 - 16:45:50 |
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Istanbul stocks up by 0.4%, TRY/USD continued to decline..
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Turkey resisting EU`s Cyprus deadline
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EU sets Dec. 6 deadline for Turkey to open ports
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Central Bank claimed a very cautious stance..
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Istanbul stocks rallied on Akbank deal..
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Citigroup to buy 20% stake in Akbank for USD 3.1 bn ..
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TRY/USD weakened after US data ..
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Istanbul stocks lost 1.4% on profit taking ..
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Treasury sold TRY 1.2 bn in 5-years bond auction ..
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Koc Holding plans no merger in Tupras ..
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Istanbul stocks up by 1.3% ..
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EM shorters are still in the play..
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Black Friday in Istanbul : Stocks down by 3.7%, TRY lost more than 3%..
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Negative outlook in EMs hit Istanbul at the closing..
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Bond yields rose to 21%, TRY/USD is stable at around 1.47- 1.48
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Istanbul stocks up by 1.2% in heavy trade ..
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Treasury`s roll-over ratio has been 94% in the heaviest redemption of the month..
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TRY-bonds yields over 20% ahead of the auction of the months..
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Turkey`s 2Q2006 GNP growth has been 8.5% ..
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Traders driving the bond yields higher ahead of the auction on Tuesday..
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Along with negative global outlook, turkish markets down ..
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Down move is expected to continue in markets..
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MNG Bank sold to Hariri ..
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Markets are quiet ahead of inflation data
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Stocks moved up slightly..
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Istanbul stocks up by 1.0%
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Another lackluster day of trading in Istanbul..
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CBT did not change its policy rate..
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Turkish stock covered some of early losses..
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Istanbul stocks remained unchanged with thin volume..
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Turkish stocks continued to consolidate..
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Lira covered early losses, stocks down slightly..
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Oil prices put pressure on stock markets..
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Istanbul stocks down by 1.3% on profit taking
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Istanbul stocks recovered fro early losses on US PPI data..
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Stocks rose slightly in dull trade
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Turkish stocks maintained positive outlook against bearish european markets..
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Istanbul stocks boosted by 2.8%, TRY firmed ..
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Industrial production soared by 11.3% in July, far above consensus estimate
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Turkish stocks up by 1.6% on Fed pause hopes
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Current Account deficit hit to USD 18.6 bn in 1H2006
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Istanbul stocks declined by 0.5% on higher oil prices..
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CPI increase in July has been 0.86%, slightly worser than expected
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ISE-100 index declined by 1.3% in line with negative outlook in Europe
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Ahead of the inflation data, bond market is slightly bullish
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Sellers still remain in control of the action in blue chips..
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Turkish stocks down by 0.9% on US data..
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Selling pressure ahead of the inflation data..
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Lira is moving under 1.50 against USD..
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Turkish stocks lost by 1.8% on profit taking..
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Rally of stocks and Lira is going on..
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We remain positive on the foreign inflow into the market..
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Stocks and currency edged higher into the strong resistance area
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Istanbul stocks closed unchanged in thin trade..
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News Corp buys into the turkish media..
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CBT increased its policy rate by 25 bp to 17.50%
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Turkish stock surged by 5.2% with positive global outlook..
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Turkish military operation on N.Iraq is likely in September
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Turkish stocks closed slightly lower before Bernank`s testimony
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Turkish stocks up by 2.8% on technical correction..
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Stocks tumbled with midde-east war and oil prices..
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War in the middle-east hit the markets..
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Baku- Ceyhan pipeline has been launched
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Turkey issued USD 500 mn eurobond
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Stocks closed 0.5% lower in dull trade, TRY is slightly up against USD..
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Industrial Production rose by 9.1% in May
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ISE-100 closed almost unchanged with thin volume, TRY gained 1.5%..
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No major move is expected in turkish markets..
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Remained relatively stronger to global outlook, ISE closed 1.1% up.
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Istanbul stocks up by 0.9%, recovering from early losses
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Stocks lost 3.0% on profit taking
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