Turkey - Factors to Watch on March 6

ENKA Insaat ve Sanayi AS

06/03/2019 04:29

ISTANBUL, March 6 (Reuters) - Here are news, reports and
events that may affect Turkish financial markets on Wednesday.
    The lira  TRYTOM=D3  stood at 5.3910 against the U.S. dollar
at 0429 GMT, little changed from a close of 5.3880 on Tuesday.
    The yield on the benchmark 10-year bond  TR10YT=RR  stood at
15.23 percent on Tuesday, down from 15.28 percent on Monday.
    The main BIST 100 share index  .XU100  fell 0.44 percent on
Tuesday to 103,730.59 points.
    
    GLOBAL MARKETS
    Asian stocks clung to narrow ranges on Wednesday as
investors awaited fresh clues on the progress of U.S.-China
trade negotiations, with a weaker Wall Street finish capping
broader gains. Robust U.S. economic data supported the dollar,
but its Australian counterpart slid after data showed the
economy slowed more than expected in the fourth quarter.
 urn:newsml:reuters.com:*:nL3N20T0TU
    
    CENTRAL BANK TO SET RATES  TRINT=ECI 
    Turkey's central bank will hold its monetary policy
committee meeting and announce its decision on interest rates
(1100 GMT). The bank is seen keeping its policy rate unchanged
at 24 percent, a Reuters poll showed on Friday, with economists
expecting it to start easing in June and by a total 500 basis
points by year-end.
    
    U.S. ON WEAPONS PURCHASES
    The U.S. State Department said on Tuesday that Washington
has made clear to Turkey that if it proceeds with the purchase
of a Russian air defense system the United States will have to
reassess Ankara's participation in the F-35 fighter program.
 urn:newsml:reuters.com:*:nS0N20200N
    Earlier, the top U.S. general in Europe said he would
recommend that the United States should not sell Lockheed Martin
Corp  LMT.N  F-35 jets to NATO ally Turkey if Ankara does not
drop plans to buy S-400 surface-to-air missile defense systems
from Russia.  urn:newsml:reuters.com:*:nL1N20S0WU
    
    ERDOGAN
    President Tayyip Erdogan will speak at an event at the
presidential palace entitled "Turkey's biggest farming family in
the nation's house" (0800 GMT). He will also hold an election
rally in the southeastern province of Malatya (1130 GMT).
    
    ALBAYRAK
    Finance Minister Berat Albayrak will speak at a meeting with
business people in the northwestern province of Kocaeli (0800
GMT).
    
    STAR REFINERY 
    Azerbaijan's state-owned energy company SOCAR has begun
exporting middle distillate and fuel oil cargoes from its STAR
oil refinery in Turkey, according to traders and shipping data.
 urn:newsml:reuters.com:*:nL5N20S5V6
    
    MIGROS  MGROS.IS 
    Retailer Migros said it had a net loss of 835.6 million lira
 ($155 million) last year. It said it will open 100 stores in
2019 and targets consolidated sales growth of 20 percent.
 urn:newsml:reuters.com:*:nFWN20S0PT 
    
    ENKA INSAAT  ENKAI.IS 
    The construction company said its net profit fell to 1.58
billion lira in 2018 from 2.57 billion a year earlier.
 urn:newsml:reuters.com:*:nFWN20S0PR
            
    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 
($1 = 5.3847 liras)

 (Compiled by Daren Butler)
 ((daren.butler@tr.com; +90-212-350 7053; Reuters Messaging:
daren.butler.thomsonreuters.com@reuters.net))