Turkey - Factors to Watch on March 13

Kitco Media
By Reuters
Published:
Updated:
Reuters
ISTANBUL, March 13 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Monday. The lira traded at 18.9750 against the dollar early on Monday, little changed from its close of 18.9665 on Friday. The main BIST 100 share index closed 1.13% lower at 5,384.56 points on Friday.


GLOBAL MARKETS U.S. stock futures rallied in Asian trade on Monday as authorities announced plans to limit the fallout from the collapse of Silicon Valley Bank (SVB), while investors wagered a rate hike this month was no longer a certainty. The dollar slid as Goldman Sachs predicted the U.S. Federal Reserve would no longer lift interest rates next week, capping the biggest rally for short-dated Treasuries since 1987.


CURRENT ACCOUNT DATA The central bank will release current account data for January (0700 GMT). According to a Reuters poll, the deficit was expected to be $10 billion in January, driven by gold imports. The 2023 deficit was forecast to be $43.5 billion.


MAIN OPPOSITION Kemal Kilicdaroglu, head of the main opposition Republican People's Party (CHP), will chair a meeting of the party's central executive committee (1100 GMT).


RULING AK PARTY


Ali Ihsan Yavuz, a deputy leader of President Tayyip Erdogan's AK Party, will hold a news conference at party headquarters (0700 GMT).


FOREIGN MINISTER Foreign Minister Mevlut Cavusoglu will hold a news conference with his Mongolian counterpart Batmunkh Battsetseg (0845 GMT).



BLACK SEA GRAIN DEAL Defence Minister Hulusi Akar said on Sunday he believed that a deal allowing Ukrainian grain to be exported via the Black Sea will be extended from its current March 18 deadline. MIGRANTS DROWN Five migrants died when a dinghy sank off the coast of southwest Turkey on Saturday, the coastguard said, adding that it had rescued 11 people, while Greece said five more migrants from the same wreck were found on a nearby island.


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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