Turkey - Factors to Watch on Feb 10

Kitco Media
By Reuters
Published:
Updated:
Reuters
ISTANBUL, Feb 10 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Friday. The lira traded at 18.8340 against the dollar early on Friday, little changed from Thursday's close of 18.8360. Istanbul's stock exchange operator has suspended trading until Feb. 15 and cancelled trades made on Wednesday, in the wake of the devastating earthquakes that struck Turkey and Syria. GLOBAL MARKETS Asia-Pacific stocks fell on Friday, slumping toward a second weekly loss as investors fretted about the potential for further Federal Reserve tightening and the effect on the U.S. economy. EARTHQUAKE The rescue of several survivors from the rubble of buildings in Turkey lifted the spirits of weary search crews on Friday, four days after a major earthquake struck the country and neighbouring Syria, killing at least 20,000 people. QUAKE AID The World Bank said on Thursday it is providing Turkey with $1.78 billion in relief and recovery financing assistance as the country struggles with the aftermath of the earthquake. The United States said on Thursday it will provide $85 million in urgent humanitarian assistance to Turkey and Syria after the quake. INDUSTRIAL PRODUCTION The Turkish Statistical Institute will announce industrial production data for December (0700 GMT). In a Reuters poll, output was forecast to contract 1.35% year-on-year. UNEMPLOYMENT The Turkish Statistical Institute will also release unemployment data for December (0700 GMT). NATO Finnish parliamentary groups are expected to discuss on Friday when to ratify NATO's founding treaties, in a move that could lead the country to proceed with membership ahead of neighbouring Sweden, amid growing support among the Finnish public to go it alone. 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 (Compiled by Daren Butler)

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