Turkey - Factors to Watch on May 2

Kitco Media
By Reuters
Published:
Updated:
Reuters
ISTANBUL, May 2 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Tuesday. The lira traded at 19.4620 against the dollar at 0419 GMT, little changed from its close of 19.4575 on Monday. The main BIST 100 share index closed 3.58% lower at 4,617.93 points on Friday. It was closed on Monday for a public holiday.


GLOBAL MARKETS Asian shares wobbled in cautious trade on Tuesday, while the dollar was firm ahead of a series of data releases and central bank meetings that begins with the Reserve Bank of Australia later in the day.


ERDOGAN PROGRAMME President Tayyip Erdogan will hold an election rally in the southern province of Antalya (1100 GMT). He will also speak at an opening ceremony for a dam and power station project in the central province of Konya (1400 GMT).


ISLAMIC STATE LEADER KILLED President Erdogan said on Sunday that Turkish intelligence forces killed Islamic State leader Abu Hussein al-Qurashi in Syria.


OPPOSITION PRESIDENTIAL CANDIDATE Kemal Kilicdaroglu, presidential candidate of the main opposition alliance, will hold election rallies in the eastern provinces of Agri (0930 GMT) and Van (1200 GMT).


PMI The Purchasing Managers' Index (PMI) for Turkish manufacturing in April is scheduled for release (0700 GMT).


TREASURY BOND AUCTIONS The Treasury will tap a five-year TLREF indexed bond maturing on March 1, 2028 and a nine-year fixed coupon bond maturing on Oct. 13, 2032.


ISTANBUL PRICES Retail prices in Turkey's largest city, Istanbul, rose 4.57% month-on-month in April for an annual increase of 62.46%, the Istanbul Chamber of Commerce (ITO) said on Monday.


FOREIGN MINISTER Foreign Minister Mevlut Cavusoglu will participate by video link in the Istanbul Security Forum (0730 GMT).


GRAIN DEAL There is no progress in removing obstacles to Russian grain and fertiliser exports caused by the West's "sanction strategy", a senior Russian diplomat in Washington said on Tuesday, ahead of the expiry of a deal safeguarding Ukrainian grain exports. U.N. Secretary-General Antonio Guterres spoke with Erdogan on Friday about "how to guarantee the improvement, expansion and extension" of a deal allowing the safe Black Sea export of Ukraine grain, a U.N. spokesperson said.


BAYKAR COMBAT DRONE Turkish defence firm Baykar aims to begin production of its new unmanned combat aerial vehicle (UCAV) next year which is already attracting international interest, its chairman Selcuk Bayraktar said.


ARMENIAN AIRLINE Turkey on Saturday closed its airspace to low-cost Armenian airline FlyOne Armenia without warning, the domestic Armenpress news agency cited the carrier's board chairman as saying


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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