Impact of sliding oil (Petrol duserken butun piyasalar dusuyor ama Turkiye outperform ediyor.)

Brent crude continues to slide testing below USD110 per barrel. We have analysed four separate periods when the oil prices have plunged and the impact on stock markets. While no market has generated any positive return during these periods some countries such as South Africa and Turkey normally outperform and unsurprisingly Brazil and Russia underperform.

So I expect the continuation of the pressure on stock market accompanied by an outperformance to global peers should this slide in oil prevails.