Turkey - Factors to Watch on Oct 27

Tofas Turk Otomobil Fabrikasi

27/10/2021 05:31

ISTANBUL, Oct 27 (Reuters) - Here are news, reports and
events that may affect Turkish financial markets on Wednesday.
    The lira  TRYTOM=D3  was quoted at 9.5245-9.5590 against the
dollar at 0431 GMT, after closing at 9.5550 on Tuesday.
    The main BIST 100 share index  .XU100  rose 1.09% to
1,509.20 points on Tuesday.
    
    GLOBAL MARKETS
    Tech shares slipped and short-term Treasury yields jumped on
Wednesday as investors expect inflation to prompt interest rate
hikes, with a hotter-than-forecast reading in Australia the
latest sign of prices pressuring central bankers to act.
 urn:newsml:reuters.com:*:nL1N2RN03H
    
        
    ERDOGAN SPEAKS TO AK PARTY
    President Tayyip Erdogan will make a speech to lawmakers
from his ruling AK Party in parliament (0900 GMT).
    
    CHAD PRESIDENT
    Erdogan will host Chad President Mahamat Idriss Debi at the
presidential palace (1330 GMT). After talks, they will hold an
accord-signing ceremony and a joint news conference (1615 GMT). 
    
    U.S. LAWMAKERS ON F-16S
    Democratic and Republican U.S. lawmakers urged President Joe
Biden's administration not to sell F-16 fighter jets to Turkey
and said they were confident Congress would block any such
exports.  urn:newsml:reuters.com:*:nL1N2RM32C
    
    TRADE DATA  TRTRD=ECI 
    The Turkish Statistics Institute will announce foreign trade
data for September (0700 GMT).
    
    ECONOMIC CONFIDENCE  TRECON=ECI 
    The Turkish Statistics Institute will announce economic
confidence data for October (0700 GMT).
    
    OPPOSITION IYI PARTY
    The opposition IYI Party leader Meral Aksener will make a
speech to lawmakers from her party in parliament (0730 GMT).

    AGRICULTURE MINISTER
    Agriculture Minister Bekir Pakdemirli speaks at an
Organisation of Islamic Cooperation conference on food security
(0700 GMT) and holds a news conference (1415 GMT).
    
    AKBANK  AKBNK.IS 
    The bank's net profit rose to 3.21 billion lira ($334
million) in the third quarter from 1.52 billion lira a year
earlier. Its net interest income climbed to 6.32 billion lira
from 4.61 billion lira.  urn:newsml:reuters.com:*:nS8N2QF00K
    
    ERDEMIR  EREGL.IS 
    The steelmaker posted a third quarter net profit of 5.0
billion lira ($521 million), up from 581.6 million lira a year
earlier, with revenues surging to 18.26 billion lira from 8.15
billion the previous year.  urn:newsml:reuters.com:*:nS8N2QF00Q
    
    TOFAS  TOASO.IS 
    Carmaker Tofas posted a net profit of 580.6 million lira in
the third quarter, up from 510.3 million a year earlier, with
revenues falling to 5.59 billion lira from 6.86 billion the
previous year.  urn:newsml:reuters.com:*:nL8N2RM66E
    
        
    COVID-19    
    Turkey logged 29,643 new COVID-19 cases on Tuesday, health
ministry data showed. Turkey recorded 215 deaths from the virus
in the same period.
        
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    For real-time quotes, double click on:
    Istanbul National-100 stock index  .XU100 , interbank lira
trading  IYIX= , lira bond trading  0#TRTSYSUM=IS 
($1 = 9.5998 liras)

 (Compiled by Daren Butler)
 ((daren.butler@tr.com))