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Turkey’s coup

Weekly investor research

18 July 2016

President Erdoğan is likely to maintain his economic and political course in Turkey following the failed coup attempt at the weekend. China starts a number of pilot projects for reform of state-owned enterprises amidst stronger economic data. Indonesia’s trade surplus more than doubled in size from last month. Prospects for reforms in Brazil improve further with the appointment of the new Lower House President. Malaysia cuts rates and the currency rallies. Argentina’s central bank pauses rate cuts. India’s macroeconomic situation looks comfortable. Venezuela’s President Nicholas Maduro cedes major powers to a pragmatic general. The global backdrop for EM remains positive.

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