Turkey - Factors to Watch on Feb 10

Tav Havalimanlari Holding

10/02/2020 05:18

ISTANBUL, Feb 10 (Reuters) - Here are news, reports and
events that may affect Turkish financial markets on Monday.
    The lira  TRYTOM=D3  traded at 5.9795 against the dollar at
0518 GMT, firming from its close on Friday of 6.0150.
    The yield on the benchmark 10-year bond  TR10YT=RR  rose to
10.67% on Friday from 10.50% on Thursday.
    The main BIST 100 share index  .XU100  fell 1.04% on Friday
to 121,015.14 points.
    
    GLOBAL MARKETS
    Asian shares pared early losses on Monday as Chinese
authorities lifted some coronavirus-related restrictions on work
and travel, helping businesses resume work though overall
sentiment was still jittery as the death toll from the epidemic
climbed.  urn:newsml:reuters.com:*:nL4N2AA0U0
    
    BDDK ON FOREX SWAPS
    Turkey's banking watchdog BDDK said on Sunday it was cutting
the limit for Turkish banks' forex swap, spot and forward
transactions with foreign entities to 10% of a bank's equity.
The BDDK had previously set the limit at 25% in August 2018.
 urn:newsml:reuters.com:*:nL8N2A90P2
    
    FEES BANKS CAN CHARGE COMMERCIAL CLIENTS
    The Turkish Central Bank said on Monday the number of fees
that banks can charge their commercial clients for products and
services had been reduced to 51 items under a regulation to
render fees more transparent, lucid and comparable.  urn:newsml:reuters.com:*:nL8N2AA0BO
    
    ERDOGAN SCHEDULE
    President Tayyip Erdogan will speak at an opening ceremony
for the Information and Communication Technologies Authority's
new cyber-security centre (1030 GMT). He will then chair a
meeting of his AK Party's central decision and executive board
(1200 GMT).
    
    UNEMPLOYMENT DATA  TRUNR=ECI 
    The Turkish Statistical Institute will announce unemployment
data for the October-December period (0700 GMT).
    
    TREASURY SWITCH AUCTIONS 
    The Treasury will hold four switch auctions (1100 GMT). It
will switch one floating rate note, one CPI-indexed bond and two
zero-coupon bonds maturing this year with CPI-indexed bonds
maturing in June 2028.  urn:newsml:reuters.com:*:nI7N29K05A
    
    SYRIA
    Turkey reinforced its military presence in Syria's
northwestern Idlib province on Saturday as Turkish and Russian
officials held talks about the Syrian government offensive
there, which has displaced more than half a million people in
two months.  urn:newsml:reuters.com:*:nL8N2A80JQ
    On Sunday, a senior official said Turkey has sent major
reinforcements to Syria's northwestern Idlib region and "all
options are on the table", as Ankara tries to stem rapid
advances by Syrian government forces.  urn:newsml:reuters.com:*:nL8N2A90CK
    
    ISBANK  ISCTR.IS 
    The lender announced its net profit last year fell to 6.07
billion lira ($1.01 billion) from 6.77 billion a year earlier.
 urn:newsml:reuters.com:*:nFWN2A7192
    
    TAV AIRPORTS  TAVHL.IS 
    The airports operator said its net profit rose to 2.37
billion lira ($3960 million) last year from 1.45 billion lira
the previous year. 
    
    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 = 5.9849 liras)

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