Turkey’s prime minister promised an agenda of political compromise and continued economic reform on Monday as he prepared for another term following a landslide general election victory.

The Turkish stock market jumped 5 per cent and the lira closed at a two-year high against the US dollar following Sunday’s election. Recep Tayyip Erdogan, leader of the Justice and Development party (AKP), said he would try to avoid future tensions with the secular opposition and the military.