12/4/2009

Turkey stocks upgraded on growth at JPMorgan

Bloomberg - Stocks in Turkey and Mexico have been upgraded to “overweight” from “neutral” at JPMorgan Chase & Co. on the basis of expectations that the economic recovery in the two countries next year will be greater than that in most developing nations. Lower inflation and interest rates will boost the Turkish economy, JPMorgan strategists, including Adrian Mowat, wrote in a research note.
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