Turkey - Factors to Watch on May 28
ISTANBUL, May 28 (Reuters) - Here are news stories, press reports and events that could affect Turkish financial markets on Thursday.
The lira IYIX= was trading at 1.5625 to the dollar in early trade after closing at 1.5665 on Wednesday. Istanbul's main share index rose 0.88 percent at 35,168.73. The benchmark Feb. 2, 2011, bond <0#TRTSYSUM=IS> yield rose to 12.61 percent from 12.44 percent the previous day.
GLOBAL MARKETS
Asian shares retreated from seven-months highs on Thursday as concerns grew that rising yields on U.S. government debt could push up borrowing costs and choke off a potential recovery in the world's largest economy.
U.S. home sales picked up in April, but the positive sign was outweighed by worries that the U.S. government was incurring too much debt as it tries to spend its way out of recession, sending Treasury prices falling along with stocks.
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CENTRAL BANK REPORT
The Central Bank releases its semi-annual financial stability report. 0700 GMT.
ECONOMIC MEETING
Economy Minister Ali Babacan and Akbank (AKBNK.IS) CEO Suzan Sabanci are among the participants at the Forum Istanbul meeting. 0600 GMT.
HURRIYET (HURGZ.IS)
The newspaper publisher, a unit of Dogan Yayin Holding (DYHOL.IS), says it aims to use 50 percent of its assets, which totalled 1.929 billion lira at the end of March, for collateral to secure financing.
BSH EV ALETLERI (BSHEV.IS)
The home-appliance maker, a unit of Bosch (BOSH.BO), holds a news conference. 0630 GMT.
NOTE - For a diary of forthcoming events, see [TR/DIARY].
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 , Interbank lira trading IYIX=, lira bond trading <0#TRTSYSUM=IS>.
