Iran deal boosts Turkish assets through lower oil prices, better regional outlook
Turkish assets firmed on Monday and the currency gained after six world powers reached a deal with Iran to curb its nuclear programme, leading to a drop in oil prices and improving the outlook for the region. A large current account deficit driven by Turkey's reliance on oil imports has unnerved investors, especially given the possibility of a cut in U.S. Fed stimulus which would dry up cheap foreign capital inflows that have financed the deficit. Led by companies affected by oil prices or with Iranian connections, Istanbul's main stock ...
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