iShares MSCI Turkey (TUR)

NYSEArca - NYSEArca Delayed Price. Currency in USD
38.23-0.03 (-0.08%)
At close: 8:00 PM EDT
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  • Barrons.com5 days ago

    Topping Goldman's Emerging Market Risk List: China

    Goldman Sachs is still bullish on select emerging markets, but its all about timing given the "likelihood of shocks" posed by Fed rate hikes, the U.S. Election and China's economy. This morning, the ...

  • Barrons.com7 days ago

    Turkey: Hold Off On Currency & Bonds, Citi Says

    While Turkey's central bank could stop cutting rates soon, Citigroup says investors should not jump into Turkish currency and debt. In today's trading, Turkey’s lira strengthened by 0.7% against the dollar after Yigit Bulut, a senior aide to President Recep Tayyip Erdogan, said Turkey's central bank on Thursday may pause rate cuts that began in March, according to Bloomberg. It is a view that has been conveyed to a team of Citi analysts including David Lubin, Luis E. Costa, Adriaan Du Toit, Toller Hao and Nivedita Sunil, who wrote today that "fiscal expansion is on the rise in Turkey and that changes the whole equation in TRY FX and interest rates." They add: "We are finalising two days of marketing with Turkish local clients, most ALM desks and bank treasurers.

  • Barrons.com7 days ago

    Lira Rallies As Turkey's Ruling Party Sweeps Election

    Voters in Turkey shifted allegiance in Sunday's parliamentary election, giving the ruling AK Party and heavy-handed Islamist President Recep Tayyip Erdogan considerably more power. The iShares MSCI Turkey exchange-traded fund (TUR) rallied 3.5% Friday in anticipation of election results. It's noteworthy, however, that the vote count wasn't enough to allow a referendum on constitutional change, notes Kit Juckes at Societe Generale, which wrote Sunday: "The party's track record of protecting democratic values has plummeted over the past months, and the consolidation of its dominance could worsen concerns over checks and balances in Turkey.