Turkey - Factors to Watch on March 3

Kitco Media
By Reuters
Published:
Updated:
Reuters
ISTANBUL, March 3 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Friday. The lira traded at 18.8925 against the dollar early on Friday, little changed from its close of 18.8920 on Thursday. The main BIST 100 share index closed 1.15% lower at 5,261.41 points on Thursday.


GLOBAL MARKETS Asian shares rose on Friday after Wall Street reversed losses on signals of a measured policy tightening approach from the U.S. Federal Reserve as well as on prospects of a solid economic recovery in China. Global markets have been buffeted by a raft of strong U.S. data over recent weeks, including U.S. jobless claims overnight, that suggested the Fed will need to raise rate further and for longer.


FEBRUARY INFLATION The Turkish Statistical Institute will release inflation data for February (0700 GMT). Annual inflation was expected to slow to 55.5%, according to a Reuters poll on Monday, which also forecast year-end inflation of 45%.


ERDOGAN MEETING President Tayyip Erdogan will chair a meeting of the Turkish National Risk Shield (1130 GMT). He will also attend a signing ceremony of a free trade agreement between Turkey and the United Arab Emirates (1400 GMT).


OPPOSITION ALLIANCE The six-party opposition alliance met on Thursday and issued a statement afterwards saying they had reached a common understanding concerning its joint presidential candidate and would meet again on Monday to announce their final decision.


MAIN OPPOSITION PARTY LEADER Kemal Kilicdaroglu, leader of the main opposition Republican People's Party (CHP), will meet with two left wing parties in Ankara (1030 GMT).


RUSSIA-RELATED SANCTIONS The U.S. government on Thursday called on companies to ensure they comply with Russia-related sanctions imposed after Moscow's invasion of Ukraine, warning that a failure to do so could lead to potential prosecution or enforcement actions.


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 ($1 = 18.8845 liras) (Compiled by Daren Butler)

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