June 26, 2020 / 4:38 AM / a month ago

Turkey - Factors to Watch on June 26

ANKARA, June 26 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Friday.

The lira stood at 6.8525 against the U.S. dollar at 0434 GMT, firming slightly from Thursday’s close of 6.8550.

The main BIST 100 share index fell 0.27% to 114.138,95 on Thursday.


Asian stock markets ground higher on Friday, and are set to end a choppy week more or less where they began it as surging coronavirus infections cast a shadow over encouraging economic data and checked hopes for a swift global recovery.


The number of people who have died from COVID-19 in Turkey rose on Tuesday by 21 to 5,046, Health Ministry data showed. The overall number of cases rose by 1,458 to 193,115, the data showed, with 165,706 recovered from the virus.


Turkey’s central bank unexpectedly halted a nearly year-long easing cycle on Thursday by keeping its key interest rate unchanged at 8.25% and citing upward pressure on inflation through the coronavirus pandemic.


Libya’s internationally recognised government demands that Khalifa Haftar’s forces withdraw from the coastal city of Sirte and Jufra region as pre-conditions for ceasefire talks, Turkey said on Thursday.


Sabanci Holding aims to expand in areas where the Turkish conglomerate already has expertise such as energy and material technologies and is seeking investment abroad, its Chief Executive Cenk Alper said on Thursday.


Turkey’s potential ejection from MSCI’s widely followed emerging markets index could suck almost a billion dollars out of its stock markets, dealing another blow to the country, whose position is already waning on global markets.


Turkish Energy Minister Fatih Donmez will visit the site of the Akkuyu nuclear power plant project in Mersin (1000 GMT) and later speak to reporters (1100 GMT).


Defence Industry Director Ismail Demir will speak during a YouTube interview (0800 GMT).

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Istanbul National-100 stock index, interbank lira trading, lira bond trading (Compiled by Tuvan Gumrukcu)

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