Posted by meb at July 28th, 2008

Financial analysts are eagerly waiting for the outcome of the closure case against the ruling Justice and Development Party (AKP), however their expectations on the ruling in the case differ, recent research reports show. With the filing of the closure case against the AKP, a closure decision was seen as a done deal by the financial markets. Internal concerns, combined with a decreased risk appetite in global markets, created a major sell-off, especially in the stock exchange.

However, the recent mood in the markets is positive again and funds have started to come back to the Turkish markets. Improved global conditions have aided a rise in the Turkish stock exchange and the lira currency. (more…)