Turkey - Factors To Watch on Sept 8

Turkiye Vakiflar Bankasi TAO

08/09/2023 05:21

ANKARA, Sept 8 (Reuters) - Here are news, reports and
events that may affect Turkish financial markets on Friday.
    The lira  TRYTOM=D3  traded at 26.85 against the dollar at
0411 GMT, slightly weakening from its closing level of 26.83 on
Thursday.
    The main BIST 100 share index  .XU100  closed 1.91% higher
at 8,337.67 points on Thursday.
    
    GLOBAL MARKETS
    Asia's stockmarkets dipped on Friday, with tech shares
tumbling on deepening Sino-U.S. tensions, while the dollar was
set to seal its longest winning streak in nine years as
investors braced for U.S. interest rates to stay higher for
longer.
    
    MODDY'S
    Moody's has signalled that Turkey's reembrace of
conventional economic policymaking since Tayyip Erdogan's May
election win could soon start paying dividends in terms of a
stronger credit rating, as long as it sticks with it.
    
    ECONOMIC PROGRAMME
    Finance Minister Mehmet Simsek said on Thursday that
Turkey's economic programme had President Tayyip Erdogan's full
support, a day after the government hiked its forecasts for
inflation and cut its economic growth outlook.
    
    VICE PRESIDENT
    Turkey's Vice President Cevdet Yilmaz will meet with
businesspeople from the northern province of Rize (1345 GMT).
    
    
    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 Ezgi Erkoyun)
 ((ezgi.erkoyun@tr.com))