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12 Mar 2014
Flash: Turkish riots erupt again - Danske Bank
FXStreet (Barcelona) - Allan von Mehren, Chief Analyst at Danske Bank notes that spontaneous demonstrations in Turkey have erupted over the past 24 hours after the death of a boy nine months after he was struck on the head by a tear gas canister fired by police in connection with demonstrations.
Key Quotes
“This further adds to political uncertainty in Turkey and Turkish markets are likely to come under further pressure in the near term as these demonstrations could continue in the coming days.”
“Furthermore, geopolitical tensions remain elevated due to the Ukraine-Russia conflict and ahead of the Russian- sanctioned referendum in Crimea about independence from Ukraine. These events are likely to keep overall emerging markets sentiment depressed.”
Key Quotes
“This further adds to political uncertainty in Turkey and Turkish markets are likely to come under further pressure in the near term as these demonstrations could continue in the coming days.”
“Furthermore, geopolitical tensions remain elevated due to the Ukraine-Russia conflict and ahead of the Russian- sanctioned referendum in Crimea about independence from Ukraine. These events are likely to keep overall emerging markets sentiment depressed.”