Turkey - Factors to Watch on Feb 28

Kitco Media
By Reuters
Published:
Updated:
Reuters
ISTANBUL, Feb 28 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Tuesday. The lira traded at 18.8860 against the dollar at 0355 GMT, unchanged from its close on Monday. The main BIST 100 share index closed 2.74% higher at 5,197.44 points on Monday.


GLOBAL MARKETS Asian shares nudged higher on Tuesday, tracking small gains on Wall Street, while the U.S. dollar paused after a sharp rally as month-end flows lift sentiment and investors adjust to expectations of more interest rate hikes.


GDP The Turkish Statistical Institute will announce gross domestic product (GDP) data for 2022, with a Reuters poll forecasting that the economy expanded 5.2% last year and that growth will slow to 2.8% this year.


EARTHQUAKE An earthquake shook southeast Turkey on Monday, killing one person, injuring 110 and causing 29 buildings to collapse, Turkish authorities said, triggering frantic work to rescue several people believed trapped in rubble. The two major earthquakes which hit Turkey on Feb. 6 caused about $34.2 billion in direct physical damage, but total reconstruction and recovery costs facing the country could be twice as high, the World Bank said on Monday.


PARTY MEETINGS The government allied, nationalist MHP (0745 GMT), the pro-Kurdish HDP (0945 GMT) and the main opposition CHP (1030 GMT) will hold their regular parliamentary group meetings.


PARLIAMENT AGENDA Parliament's general assembly will debate a social security bill enabling people to retire earlier (1200 GMT).


EGYPTIAN MINISTER'S VISIT Egypt's foreign minister met Syrian President Bashar al-Assad and Turkish Foreign Minister Mevlut Cavusoglu on Monday in the first visits to Syria and Turkey by a top Egyptian diplomat in a decade.


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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