Economics
Turkey Stocks World’s Best in Month as Rate Cuts Boost Banks
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Turkey’s benchmark stock index is climbing the most among major equity gauges worldwide in the past month as investors grow convinced that interest rate cuts will stimulate growth without causing the economy to overheat.
The nation’s benchmark ISE National 100 Index rose 7.1 percent since Aug. 16, the best performance among 45 advanced and developing-nation equity markets included in MSCI Inc. gauges. Turkey’s index of 16 banks has rebounded 18 percent from its lowest level since 2009 on Aug. 10.