August 1, 2018 / 5:22 AM / in 2 months

Turkey - Factors to Watch on August 1

ANKARA, Aug 1 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Wednesday.

The lira stood at 4.9320 against the dollar at 0516 GMT, weakening from Tuesday’s close of 4.9075.

The yield on the benchmark 10-year bond was at 17.94 percent at Tuesday’s close.

The main BIST 100 share index rose about 0.83 percent to 96,952.23 points on Tuesday.

GLOBAL MARKETS

Most Asian shares crept higher on Wednesday following a firm Wall Street finish, but gains were curbed by weak data in the region and intensifying fears over volatile Sino-U.S. trade relations.

INFLATION REPORT

Turkey’s central bank on Tuesday sharply raised its inflation forecast for this year and next, saying price pressures were the only factor in its policy decisions as it sought to emphasise its independence from political interference.

U.S. PASTOR

A Turkish court rejected an appeal on Tuesday for an American pastor to be released from house arrest during his trial on terrorism charges, his lawyer said, in a case that has raised the threat of U.S. sanctions against Ankara.

ENERGY PRICE HIKES

Turkey’s state pipeline operator Botas will hike the price of natural gas used for electricity production by 50 percent as of Wednesday, sources said.

TRADE DEFICIT

Turkey’s trade deficit decreased 9.1 percent year-on-year in June to $5.5 billion, the Turkish Statistical Institute said on Tuesday.

FOREIGN ARRIVALS

The number of foreign visitors to Turkey surged by nearly a third in June, data showed on Tuesday, further evidence the critical tourism industry is recovering from a sharp downturn caused by bomb attacks, diplomatic disputes and a coup attempt.

SYRIA TALKS

The United Nations Special Envoy for Syria plans talks with Iran, Russia and Turkey in September to start finalising the composition of the body intended to draft a new Syrian constitution, a statement said on Tuesday.

CAVUSOGLU

Foreign Minister Mevlut Cavusoglu will attend a meeting of ASEAN foreign ministers in Singapore, where he will meet with his Indonesian and Vietnamese counterparts.

U.S. RELATIONS

U.S. European Commander Curtis Scaparrotti will holds talks with his military counterparts in Ankara on Wednesday.

MANUFACTURING PMI

The manufacturing Purchasing Managers’ Index (PMI) for July will be released (0700 GMT).

For other related news, double click on:

Turkish politics TR-POL

Turkish equities TR-E

Turkish money TR-M

Turkish debt TR-D

Turkish hot stocks TR-HOT

Forex news

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For real-time quotes, double click on:

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

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