Commitment to reform remains key for Turkey

Confidence has improved in Turkish equities since the apparent end of the conflict in Iraq but the government's commitment to reform remains key to the markets' overall outlook. From 3 January until 18 April, Turkey's ISE National Index returned 2.14% in euro terms, while over the same period the Dow Jones Euro Stoxx fell by 6.54%, according to Bloomberg. This shows Turkey's relative performance has improved over the latter part of the 12 months to 18 April, during which period the ISE Index returned -37.32% against -33.83% from the Euro Stoxx. Tom Elliott, strategist for JP Morgan ...