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ARCLK - Arcelik AS News Story

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Sector
Consumer Cyclicals
Size
Mid Cap
Market Cap £1.92bn
Enterprise Value £2.39bn
Revenue £3.65bn
Position in Universe 22nd / 645

Turkey - Factors to Watch on May 12

Tue 12th May, 2020 5:33am
ISTANBUL, May 12 (Reuters) - Here are news, reports and
events that may affect Turkish financial markets on Tuesday.
    The lira  TRYTOM=D3  traded at 7.0650 against the dollar at
0427 GMT, firming slightly from Monday's close of 7.0750. On
Thursday it weakened to a record low of 7.2690.
    The main BIST 100 share index  .XU100  fell 0.05% to
97,792.23 points on Monday.

    GLOBAL MARKETS
    Asian shares skidded on Tuesday on growing worries about a
second wave of coronavirus infections after the Chinese city
where the pandemic originated reported its first new cases since
its lockdown was lifted.  urn:newsml:reuters.com:*:nL4N2CU0VT
    
    TREASURY AUCTIONS
    The Treasury will tap a three-year TLREF-indexed bond and an
eight-year CPI-indexed bond in auctions. It will also issue a
six-month and a two-year sukuk.
    
    CORONAVIRUS
    Turkish President Tayyip Erdogan said on Monday that a
lockdown would be imposed starting on Saturday and ending after
Tuesday, May 19, which is a national holiday. He said intercity
travel restrictions on nine more cities had been lifted, as
Turkey gradually eases measures taken against the coronavirus.
 urn:newsml:reuters.com:*:nI7N2BR01Q
    
    BANKING REGULATOR
    Turkey's BDDK bank regulator is dropping a trading ban
imposed last week on UBS, Citigroup and BNP Paribas because they
have fulfilled foreign exchange obligations promptly, according
to a BDDK letter sent to banks on Monday.  urn:newsml:reuters.com:*:nL8N2CT1S2
    
    WEALTH FUND
    Turkey's sovereign wealth fund said on Monday it moved to
increase three state banks' core capital by a total of 21
billion lira ($2.97 billion) in an action aimed at supporting
capital structure and adequacy.  urn:newsml:reuters.com:*:nL8N2CT73H
    
    LEAGUES
    Turkey cancelled its basketball and volleyball leagues for
the 2019-2020 season on Monday, with no relegated teams and the
current standings valid for European competition, following a
stoppage in play due to the coronavirus pandemic.  urn:newsml:reuters.com:*:nL8N2CT4RV
    
    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  FRX 
    All emerging market news  EMRG 
    All Turkish news  TR 
    For real-time quotes, double click on:
    Istanbul National-100 stock index  .XU100 , interbank lira
trading  IYIX= , lira bond trading  0#TRTSYSUM=IS 

 (Compiled by Ali Kucukgocmen)
 ((ece.toksabay@tr.com; +90 312 2927022; Reuters Messaging:
ece.toksabay.reuters.com@reuters.net))
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