Prime Minister Ahmet Davutoğlu decided to step down

• Justice and Development Party (AKP) hold a meeting today. İt is not expected that the PM Davutoğlu will be party leader nominee.
• According to Reuters  news; there are four major party leader candidate;

1. Deputy Minister Numan Kurtulmuş
2. Energy and Natural Resourses Minister and President's son in law Berat Albayrak
3. Transportation Minister Binali Yıldırım
4. Minister  of Justice Bekir Bozdağ

• The most important concern of the market is the economy menagement. Weather will it be changed or not, is closely monitored by financial markets. But I think it won't be changed and Mehmet Şimşek will continue to head to the economy.
• On the other hand, there is some concern about snap election. İf AKP moves to snap election Turkey's financial markets will price it very negatively. According to surveys; AKP slightly increased its votes after November 1.
• There are also some possibilities that right wing MHP or Pro-kurdish party HDP or both of them may fall below 10 percent treshhold. İf these possibilities come into reality, AKP's seats go up beyond the 330 seats which can lead to precidency referandum or 367 by which constituonal reforms can made.