Wednesday, June 01, 2011

Turkish Stocks Decline After Goldman Cuts Banks’ Estimates - Businessweek

"Turkish Stocks Decline After Goldman Cuts Banks’ Estimates
June 01, 2011, 5:36 AM EDT

By Selcuk Gokoluk

June 1 (Bloomberg) -- Turkish stocks declined after Goldman Sachs Group Inc. lowered the price estimates of all six banks it covers in Turkey, citing weaker earnings and possible unexpected changes in monetary policy. Bonds and the lira rose."

More:Turkish Stocks Decline After Goldman Cuts Banks’ Estimates - Businessweek