Turkish Markets May Rise After Erdogan's Justice Party Wins Re-Election

(Bloomberg) -- Turkish stocks, bonds and the lira
may gain after voters re-elected Prime Minister Recep Tayyip
Erdogan, giving him a mandate to extend policies that won Turkey
European Union membership talks and helped bring 21 straight
quarters of economic growth.

Erdogan's Justice and Development Party took 47 percent of
the vote with almost all ballots counted at 1 a.m. in the
capital Ankara, according to the state-run Anatolia News Agency.
That's likely to give the party 342 lawmakers in the 550-seat
parliament, CNN Turk television said.


Read more at Bloomberg Emerging Markets News

Turkish Stocks Jump Before Elections, Led by Akbank: World's Biggest Mover

(Bloomberg) -- Turkish stocks posted the biggest
gain this year, lifting the country's main index to a record, on
bets this weekend's elections will result in a single-party
government that will maintain economic growth.

Akbank TAS and Turkiye Is Bankasi AS, Turkey's two biggest
publicly traded banks, paced the advance.


Read more at Bloomberg Stocks News

Turkish Stocks Increase for a Second Day; Garanti Shares Pace the Advance

(Bloomberg) -- Turkey's benchmark stock index
advanced on speculation the country's governing party may back
down in a spat with the military over its choice of an Islamist-
leaning president. Turkiye Garanti Bankasi AS paced the gain.

The ISE National 100 Index added 90.23, or 0.2 percent, to
46,541.83 in Istanbul, rising for a second day, even as 38
shares fell, 36 advanced and 26 were unchanged.


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Emerging-Market Stocks Advance on Earnings, Growth Prospects

Emerging-market stocks rose, completing their biggest three-day gain in eight months, on prospects for economic growth and increased profits.

Indexes in China, Brazil, Hungary, Mexico, Turkey and Malaysia gained more than 1.8 percent. India's Sensitive Index climbed the most in eight months after the country's prime minister said the economy may expand more than 9 percent this year.

U.S. Treasury Secretary Henry Paulson said yesterday global economic growth is "solid.'' The U.S. economy is likely to strengthen this year, economists said in a survey by Bloomberg. Premier Wen Jiabao of China, the world's fastest growing major economy, left the 8 percent growth target unchanged from last year.

Read more at Bloomberg.com