Posted inChina, Middle East, Russia, Syria, Turkey, World

Turkish markets stand to gain, despite political and economic ills

Turkish stocks started the New York trading day down (ticker: TUR) but rose after President Erdogan’s White House meeting with President Trump. Turkey has 12% inflation, a stagnant economy, and a big external borrowing requirement, and its political system is bitterly divided after the April constitutional referendum vote denounced by opposition parties as fraudulent. But […]