Financial markets

Piraeus Bank said on Wednesday it will redeem the remaining state-guaranteed securities it issued under a liquidity boosting program launched in 2008, becoming the first Greek lender to fully exit the scheme.

Following the U.S. Central Bank's (Fed) postponement of rate hikes, the European Central Bank decided to continue its monetary expansion, creating a beneficial environment for developing countries such as Turkey. The expectation of the abundance of global liquidity has particularly revived bond investments in countries such as Turkey.  

A fresh report by TÜS?AD, a leadaing business group, points at current risks of the economy, which are not highlighted in many official reportsThe Turkish Industry and Business Association (TÜS?AD) has been the leading interlocutor of global economic players, although the association has lost some power during the Justice and Development Party (AKP) term. TÜS?AD is less powerful vis-à-vis gover

Turkish Deputy Prime Minister Mehmet ?im?ek has warned some $300 billion non-reserve cash may exit from emerging markets, as all eyes are on a key U.S. Federal Reserve (Fed) decision next week.

Many Turkey analysts and economists interpreted the U.S. central bank Federal Reserve?s (Fed?s) decision to keep its policy rate on hold on Sept. 17 as something positive for the Turkish economy and assets.

Developed market stocks fell on Sept. 18 and bonds rose, pushing yields sharply lower, after the U.S. Federal Reserve cited weakening global growth and the recent upsurge in financial market volatility as its reasons for not raising interest rates.

Bulgaria's Finance Ministry reopened a 5-year issue of Government Securities (GS) with maturity February 4, 2020.

Securities with nominal value of BGN 100 million were offered at the auction held on September 14, 2015 . The annual average weighted yield achieved was 0.94%.

By comparison, the yield achieved at the previous auction on May 18, 2015 for the same issue was 1.28%.

The trading of Turkish equity index derivatives products on the London Stock Exchange Derivatives Market will start on Sept. 14, the London Stock Exchange Group (LSEG) has said following a partnership agreement signed between the LSEG and Borsa Istanbul earlier this year.

China's main state broadcaster on Aug. 31 paraded a financial journalist "confessing" to causing the stock market "great losses" as authorities seek to rein in a rout on the exchanges.
 

The top chief of Turkey's ?? Bank has said the main point was to not trigger over-speculative moves in foreign exchange markets, especially in highly fluctuating periods, as there was no forex reserve, which is enough when needed in such periods.