Obbligazioni valute high yield TURCHIA bond in usd e lira turca
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tommy271
Forumer storico
Domani leggeremo quel che dirà il ministro.
Pure l'intento di riportare l'inflazione ad una sola cifra, nel momento in cui la Lira sta precipitando ... mi pare una affermazione da Giggino Di Maio
.
vitoandolini
Forumer attivo
Questo deve posare il fiasco.
Magician
Forumer attivo
Le parole del Sultano non tranquillizzano i mercati, dopo l'incontro e gli annunci per domani i nuovi record.
I primi ad uscire dalla lira sono i Turchi.
Ricordiamoci che le riserve in mano ai privati sono quasi 3 volte quelle della banca centrale turca.
Erdoğan promises businessmen end to Turkey’s economic crisis
Turkish President Recep Tayyip Erdoğan has promised a delegation from the Union of Chambers and Commodity Exchanges of Turkey (TOBB) the country’s current economic crisis will soon come to an end, economy focused news site BusinessHT said .
Inflation is edging towards 20 percent and Turkey’s currency has fallen to record lows below 5 lira to the dollar due to lack of investor confidence in the independence of the central bank and Erdoğan’s unorthodox economic views. That has been exacerbated by U.S. sanctions on two Turkish ministers over Turkey’s two-year detention of an American pastor and other U.S. citizens.
“Everything will get better within a reasonable time, the markets will calm down. Do not worry at all, it will all pass,” the site summarised Erdoğan as saying.
The palace meeting, which took one hour and 40 minutes, included Erdoğan’s son-in-law, Treasury and Finance Minister Berat Albayrak, Family, Employment and Social Services Minister Zehra Zümrüt Selçuk, and Trade Minister Ruhsar Pekcan.
The businessmen and trade unionists included TOBB president Rifat Hisarcıklıoğlu, Turkey Confederation of Employers’ Unions (TİSK) president Kudret Önen, Hak-İş Confederation president Mahmut Arslan, Turkey Shopkeepers and Tradesmen’s Confederation (TESK) president Bendevi Palandöken, the Confederation of Public Servant Unions (MEMUR-SEN) president Ali Yalçın and the Confederation of Turkish Public Workers (KAMU-SEN) president Önder Kahveci.
Erdoğan told the delegation that both the private sector and ordinary citizens knew that recent economic problems stemmed from targeted attacks from outside and that they would soon pass.
Separately, Erdoğan met his Culture and Tourism Minister Mehmet Ersoy and Union of Turkish Travel Agents (TÜRSAB) chairman Firuz Bağlıkaya and with representatives of Islamist businessmen’s association MÜSİAD.
Erdoğan promises businessmen end to Turkey’s economic crisis | Ahval
-o-o-o-o-o-o-o-
...
“You have some very odd politics with the President interfering with monetary policy - they are picking fights with Europe, they are picking fights with the Americans,” said Paul McNamara, an investment director at GAM London Limited.
Turkey and the United States are at odds over the continued detention of U.S. evangelical pastor Andrew Brunson over terrorism charges while his trial continues in western Turkey.
A Turkish delegation met U.S. State Department and Treasury officials on Wednesday to address the friction between the NATO allies, though there were no signs of a breakthrough after the hour-long talks.
Ankara and Washington also disagree over their military interventions in the Syrian war, Turkey’s plan to buy missile defence systems from Russia and the U.S. conviction of a Turkish state bank executive on Iran sanctions-busting charges in January.
....
Investors fear the economy is overheating and could be due for a hard landing. They have also expressed doubt over the ability of the central bank to rein in persistent double-digit inflation with the president repeatedly calling for lower rates.
Such worries over the independence of the central bank sparked the sell-off in the lira this year.
“If nothing is done, it would mean that a bigger price will be paid in terms of growth to get out of the inflation-exchange rate-inflation spiral,” said Seyfettin Gursel, director of Bahçeşehir University Economy and Social Research Center.
“The basic reason that the exchange rate has gone off the rails is that the confidence in the economy management has disappeared both domestically and abroad.”
Articolo completo:
Turkish lira hits record lows as Turkey-U.S. concerns weigh
I primi ad uscire dalla lira sono i Turchi.
Ricordiamoci che le riserve in mano ai privati sono quasi 3 volte quelle della banca centrale turca.
Erdoğan promises businessmen end to Turkey’s economic crisis
Turkish President Recep Tayyip Erdoğan has promised a delegation from the Union of Chambers and Commodity Exchanges of Turkey (TOBB) the country’s current economic crisis will soon come to an end, economy focused news site BusinessHT said .
Inflation is edging towards 20 percent and Turkey’s currency has fallen to record lows below 5 lira to the dollar due to lack of investor confidence in the independence of the central bank and Erdoğan’s unorthodox economic views. That has been exacerbated by U.S. sanctions on two Turkish ministers over Turkey’s two-year detention of an American pastor and other U.S. citizens.
“Everything will get better within a reasonable time, the markets will calm down. Do not worry at all, it will all pass,” the site summarised Erdoğan as saying.
The palace meeting, which took one hour and 40 minutes, included Erdoğan’s son-in-law, Treasury and Finance Minister Berat Albayrak, Family, Employment and Social Services Minister Zehra Zümrüt Selçuk, and Trade Minister Ruhsar Pekcan.
The businessmen and trade unionists included TOBB president Rifat Hisarcıklıoğlu, Turkey Confederation of Employers’ Unions (TİSK) president Kudret Önen, Hak-İş Confederation president Mahmut Arslan, Turkey Shopkeepers and Tradesmen’s Confederation (TESK) president Bendevi Palandöken, the Confederation of Public Servant Unions (MEMUR-SEN) president Ali Yalçın and the Confederation of Turkish Public Workers (KAMU-SEN) president Önder Kahveci.
Erdoğan told the delegation that both the private sector and ordinary citizens knew that recent economic problems stemmed from targeted attacks from outside and that they would soon pass.
Separately, Erdoğan met his Culture and Tourism Minister Mehmet Ersoy and Union of Turkish Travel Agents (TÜRSAB) chairman Firuz Bağlıkaya and with representatives of Islamist businessmen’s association MÜSİAD.
Erdoğan promises businessmen end to Turkey’s economic crisis | Ahval
-o-o-o-o-o-o-o-
...
“You have some very odd politics with the President interfering with monetary policy - they are picking fights with Europe, they are picking fights with the Americans,” said Paul McNamara, an investment director at GAM London Limited.
Turkey and the United States are at odds over the continued detention of U.S. evangelical pastor Andrew Brunson over terrorism charges while his trial continues in western Turkey.
A Turkish delegation met U.S. State Department and Treasury officials on Wednesday to address the friction between the NATO allies, though there were no signs of a breakthrough after the hour-long talks.
Ankara and Washington also disagree over their military interventions in the Syrian war, Turkey’s plan to buy missile defence systems from Russia and the U.S. conviction of a Turkish state bank executive on Iran sanctions-busting charges in January.
....
Investors fear the economy is overheating and could be due for a hard landing. They have also expressed doubt over the ability of the central bank to rein in persistent double-digit inflation with the president repeatedly calling for lower rates.
Such worries over the independence of the central bank sparked the sell-off in the lira this year.
“If nothing is done, it would mean that a bigger price will be paid in terms of growth to get out of the inflation-exchange rate-inflation spiral,” said Seyfettin Gursel, director of Bahçeşehir University Economy and Social Research Center.
“The basic reason that the exchange rate has gone off the rails is that the confidence in the economy management has disappeared both domestically and abroad.”
Articolo completo:
Turkish lira hits record lows as Turkey-U.S. concerns weigh
Magician
Forumer attivo
Rischio molto alto di nuovi downgrade
LONDON (Reuters) - Turkey needs to halt the sharp slide of the lira quickly, credit rating agency Fitch said on Thursday, warning the country’s situation had worsened since its downgrade just a month ago.
The lira slumped to a record low in Istanbul, as a U.S. move to impose sanctions on Turkey over a jailed American pastor compounded long-running worries over inflation and general economic mismanagement.
“We are paying close attention to current events,” a Fitch senior analysts, Paul Gamble, told Reuters. “Since we took the decision (to downgrade Turkey’s rating to BB on July 13) market sentiment has deteriorated further.”
“The key pressure point is the weak currency,” he added, saying he was looking at what Turkish authorities do to try and halt what has now been a 30 percent plunge in the lira this year, almost 10 percent of which has come in the last month.
Easing the pressure in the near term was likely to involve a combination of central bank action and an improvement in relations with the United States, he said.
“We are looking at how the situation evolves. The next scheduled (rating) review is not until December, and a lot can change before then.”
The chance of another downgrade is certainly there. Fitch kept a “negative outlook” on Turkey after last month’s one-notch cut. That brought Fitch in line with Moody’s equivalent grade but still above S&P’s “BB-“ level.
“Of the negative rating sensitivities we published in our latest rating action commentary, the one that would be most relevant is a sudden stop to capital inflows or a hard landing of the economy,” Gamble said. “Particularly if it heightens stresses in the corporate and banking sector.”
Turkey needs to address currency weakness fast, Fitch says
LONDON (Reuters) - Turkey needs to halt the sharp slide of the lira quickly, credit rating agency Fitch said on Thursday, warning the country’s situation had worsened since its downgrade just a month ago.
The lira slumped to a record low in Istanbul, as a U.S. move to impose sanctions on Turkey over a jailed American pastor compounded long-running worries over inflation and general economic mismanagement.
“We are paying close attention to current events,” a Fitch senior analysts, Paul Gamble, told Reuters. “Since we took the decision (to downgrade Turkey’s rating to BB on July 13) market sentiment has deteriorated further.”
“The key pressure point is the weak currency,” he added, saying he was looking at what Turkish authorities do to try and halt what has now been a 30 percent plunge in the lira this year, almost 10 percent of which has come in the last month.
Easing the pressure in the near term was likely to involve a combination of central bank action and an improvement in relations with the United States, he said.
“We are looking at how the situation evolves. The next scheduled (rating) review is not until December, and a lot can change before then.”
The chance of another downgrade is certainly there. Fitch kept a “negative outlook” on Turkey after last month’s one-notch cut. That brought Fitch in line with Moody’s equivalent grade but still above S&P’s “BB-“ level.
“Of the negative rating sensitivities we published in our latest rating action commentary, the one that would be most relevant is a sudden stop to capital inflows or a hard landing of the economy,” Gamble said. “Particularly if it heightens stresses in the corporate and banking sector.”
Turkey needs to address currency weakness fast, Fitch says
vitoandolini
Forumer attivo
Intanto il try ha toccato 5.50 sul dollaro
tommy271
Forumer storico
* "Crediamo che per la Turchia potrebbe essere necessario avvicinarsi al FMI o cercare qualche altro tipo di assistenza esterna. In caso contrario, i controllo sui capitali sembrano essere una chiara possibilità", ha detto Salman Ahmed, capo stratega di investimento Lombard Odier.
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