August 7, 2018 / 4:59 AM / 8 days ago

Turkey - Factors to Watch on August 7

ANKARA, Aug 7 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Tuesday.

The lira stood at 5.29 against the dollar at 0441 GMT, firming from Monday’s close of 5.3280 and a record low of 5.4250 it touched on Monday.

The yield on the benchmark 10-year bond was at 19.57 percent at Monday’s close and rose to 19.75 percent on Tuesday-dated trade.

The main BIST 100 share index fell about 1.5 percent to 94,173.97 points on Monday.

GLOBAL MARKETS

Asian stocks wobbled on Tuesday as simmering worries over the U.S.-China trade conflict offset positive leads from earnings-led gains on Wall Street. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.05 percent.

U.S. RELATIONS

A delegation of Turkish officials will head to Washington in two days to discuss an ongoing row between the two NATO allies, broadcaster CNN Turk reported on Tuesday, citing diplomatic sources.

TURKISH LIRA

The Turkish lira plunged to a record low on Monday as ongoing investor concern on further depreciacion of Turkey and United States relations. Lira plunged to a record low 5.4250 against dollar on Monday.

TREASURY AUCTIONS

Turkish treasury will tap five-year and 10-year bonds in auction. (1000 GMT)

CASH BALANCE DATA

Turkish treasury will announce cash balance data for July. (1030 GMT)

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Istanbul National-100 stock index, interbank lira trading, lira bond trading (Compiled by Ezgi Erkoyun)

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