ISTANBUL Aug 22 Here are news, reports and
events that may affect Turkish financial markets on Wednesday.
The lira was at 1.7927 against the
dollar at 0536 GMT, having been at 1.8025 late on Friday before
a public holiday to mark the end of the Muslim fasting month of
Bonds yields were steady last Friday with Turkey's two-year
benchmark yield dipping to 7.72 percent from a
close of 7.74 percent a day before.
Istanbul's main share index ended the week 1.3
percent higher at 65,758.47 points. It outperformed a 0.42
percent fall in the MSCI emerging markets index.
Asian shares slipped on Wednesday as slumping Japanese
exports reminded investors of the risks the euro zone debt
crisis poses to regional economies, but the euro held steady on
expectations the European Central Bank will act to rein in
surging borrowing costs. A rise in the CBOE Volatility Index
, a gauge of Wall Street's sensitivity to risk, and a
pause in the recent run-up in U.S. Treasury yields, however,
suggested investors were yet to be convinced that Europe's
three-year crisis is close to resolution.
POLITICAL LEADERS IN GAZIANTEP
President Abdullah Gul, Prime Minister Tayyip Erdogan and
other political leaders will attend a funeral in the
southeastern city of Gaziantep for the victims of a car bomb
attack on Monday.
GUL TO TRAVEL TO KYRGYZSTAN
President Gul will travel to Bishkek for a conference of
Turkic-language speaking nations.
The Treasury will aNnounce debt stock data for July (1400
Heritage Oil will sell part of a gas block
and borrow money from Genel Energy to raise $450
million. Heritage also said it will sell a 26 percent stake in
Miran Block in Iraq's autonomous Kurdistan region to Genel and
will take a $294 million loan from the company.
The U.S. maker of systems that help factories run more
smoothly plans to invest some $200-250 million in Turkey,
Haberturk newspaper reported.
The electronics retailer has applied to the Capital Markets
Board to issue a bond of up to 50 million lira ($28 million).
Note: For a list of forthcoming events, see.