Global markets showed resilience to the failed Turkish coup attempt recording upward positive trends. The Turkish lira led the way in the emerging markets, while Turkish shares has some losses. Gold and the Japanese Yen registered slight drops, as did US bonds. European stock indices also recorded gains, with Stoxx 600 increasing by 0.3%, as did futures contracts of S&P 500. Turkey’s stock market index BST 100 fell by 2.5%, while it had made record gains on Friday before the coup. Asian markets also closed with profits. Index MSCI Asia Pacific recorded a 0.3% rise, while stock markets in Australia, India, China and Taiwan recorded some changes. The head of Australian AMP Capitals, Shane Oliver said the geopolitical risk was in the forefront once again, adding however, that it was the fourth coup in Turkey since 1990 and this it would not affect global markets. Hermes Assets forecasts the possibility of a rally relieving pressures on Turkish assets despite long term concerns of political instability in the country. Rabobank and CrossBorder estimate there will be a capital outflow from Turkey.