Economics
Turkey Nailbiter Is Market's Worst Nightmare, No Matter Who Wins
Photographer: Chris McGrath/Getty Images
This article is for subscribers only.
It’s not who wins the electoral sweepstakes in Istanbul this Sunday that could dictate the market’s mood for months to come.
Anything but another divisive photo finish would put investors at ease, according to some of Europe’s biggest money managers. The mayoral rerun once again pits a former prime minister and candidate of the ruling AK Party, Binali Yildirim, against the opposition challenger Ekrem Imamoglu, who was stripped of his narrow victory in the March 31 ballot.