Turkey: Turkey – Factors to Watch on June 12

0
2


ISTANBUL, June 12 (Reuters) – Here are news, reports and events that may affect Turkish financial markets on Monday.

The lira stood at 3.5371 against the U.S. dollar at 0447 GMT, easing from 3.5345 at Thursday’s close.

The yield on the benchmark 10-year bond was at 10.49 percent in spot trade on Friday and was at the same level in Monday-dated trade.

The main BIST 100 share index rose 0.99 percent to 98,942.87 points on Friday.

GLOBAL MARKETS

Asian stocks fell on Monday, with electronics heavyweights such as Samsung Electronics knocked lower by a slide in U.S. tech shares and caution ahead of this week’s U.S. Federal Reserve policy meeting. Technology stocks sold off sharply on Wall Street on Friday on concerns about Apple‘s AAPL.O new iPhones and a cautious Goldman Sachs report about the stocks, prompting heavy profit taking after an extended rally.

GDP

The Turkish Statistics Institute will release gross domestic product data for the first quarter (0700 GMT). In a Reuters poll, GDP was forecast to grow 4 percent year-on-year in the first quarter, with GDP growth seen at 3.5 percent in 2017 as a whole.

CURRENT ACCOUNT

The Central Bank is set to release current account data for April (0700 GMT).

CABINET MEETING

Prime Minister Binali Yildirim will chair a meeting of the cabinet of ministers (0900 GMT). He will later a host a Ramadan fast-breaking dinner for cabinet members (1726 GMT).

ERDOGAN

President Tayyip Erdogan will hold a Ramadan fast-breaking dinner for artists and sports people (1745 GMT).

CENTRAL BANK SURVEY

The Central Bank will announce the results of its monthly survey of business leaders and economists for June (1130 GMT).

BOND AUCTIONS

The Treasury will issue a new 14-month zero coupon bond maturing on Aug. 8, 2018. It will also tap a five-year fixed coupon bond maturing on March 2, 2022 and a six-year CPI-indexed bond maturing on Nov. 8, 2023.

TUSIAD, WORLD BANK REPORT

The TUSIAD business association and the World Bank will unveil a report on 2017 global economic expectations (0630 GMT).

For other related news, double click on:

Turkish politics

Turkish equities

Turkish money

Turkish debt

Turkish hot stocks

Forex news

All emerging market news

All Turkish news

For real-time quotes, double click on:

Istanbul National-100 stock index, interbank lira trading, lira bond trading (Writing by Daren Butler)



Source link

قالب وردپرس

LEAVE A REPLY

Please enter your comment!
Please enter your name here