Turkey - Factors to Watch on May 12

ISTANBUL, May 12 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Friday. The lira traded at 19.5695 against the dollar at 0418 GMT, unchanged from its close on Thursday. The main BIST 100 share index closed 7.87% higher at 4,848.01 points on Thursday as presidential election candidate Muharrem Ince, one of four contesting Sunday's vote, announced his withdrawal from the race.

GLOBAL MARKETS Most Asian share markets were subdued on Friday and the dollar held onto its gains from safe-haven flows, after soft economic data from U.S. and China magnified concerns of a global slowdown, although Japanese stocks outperformed.

ERDOGAN PROGRAMME President Tayyip Erdogan holds his final election rallies in Istanbul ahead of Sunday's elections, with gatherings in Sultangazi (1200 GMT) and Bahcelievler (1400 GMT) before a youth meeting at the Istanbul Congress Centre (1700 GMT).

IRAQ OIL Iraq has sent an official request to Turkey to restart oil export flows through a pipeline that runs from the semi-autonomous Kurdistan Region in northern Iraq to the Turkish port of Ceyhan. Turkey halted Iraq's 450,000 barrels per day (bpd) of northern exports through the Iraq-Turkey pipeline on March 25 after an arbitration ruling by the International Chamber of Commerce (ICC).

TURKISH AIRLINES Turkish Airlines will order a total of 600 new aircraft in June and they will be delivered within ten years, company chairman Ahmet Bolat said on Thursday.

UKRAINE GRAIN DEAL Ukraine, Russia, Turkey and the United Nations discussed on Thursday U.N. proposals to extend a deal allowing the safe Black Sea export of Ukraine grain, which Moscow has threatened to quit on May 18 over obstacles to its grain and fertilizer exports.

INVESTOR EXPECTATIONS Wild currency moves? Bazooka rate hikes? The many unknowns around Turkey's pivotal elections on Sunday are leaving even the most experienced investors hedging their bets on how markets will react.

SABANCI HOLDING Sabanci Holding said its unit Enerjisa Enerji signed a 7-year loan deal worth $110 million with the European Bank for Reconstruction and Development (EBRD).

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)

Reuters

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Turkey - Factors to Watch on May 12

By Reuters

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