Turkey’s bonds climbed, with yields falling the most in six months, after Prime Minister Recep Tayyip Erdogan called on the central bank to cut interest rates. The lira rebounded after U.S. employers boosted payrolls.
The lira surged the most among emerging markets and Turkish stocks rallied as investors wagered victory for Prime Minister Recep Tayyip Erdogan’s party in local elections may arrest foreign capital outflows.
Turkey’s Prime Minister Recep Tayyip Erdogan, fresh off a win in local elections, warned his enemies that he’s got a mandate to root out “traitors” from within after months of graft leaks shook his administration.
Hurriyet Gazetecilik ve Matbaacilik AS, publisher of the Turkish newspaper Hurriyet, fell the most in more than three weeks as investors bet parent Dogan will face consequences for its perceived anti-government stance.