off-the-wire

Turkey - Factors to Watch on May 15

Kitco Media
By Reuters
Published:
Updated:
Reuters
ISTANBUL, May 15 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Monday. Turkey's lira slipped to a fresh two-month low as financial markets kicked off trading in the wake of the country's Sunday presidential and parliamentary election with the race for presidency appearing headed for a runoff. The main BIST 100 share index closed 1.08% at 4,795.61 points on Friday before the vote.


PRESIDENTIAL ELECTIONS Turkey headed for a runoff vote after President Tayyip Erdogan led over his opposition rival Kemal Kilicdaroglu in Sunday's election but fell short of an outright majority to extend his 20-year rule of the NATO-member country.


GLOBAL MARKETS Asian stocks started the week on a cautious note as investors braced for the release of China's industrial and retail data, while awaiting a host of U.S. Federal Reserve officials to speak to vindicate market pricing of rate cuts this year.


BUDGET BALANCE Turkey's treasury will announce budget balance data for April (0800 GMT).


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 Ezgi Erkoyun)

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