Turkey - Factors to Watch on Feb 14

ISTANBUL, Feb 14 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Tuesday.

The lira stood at 3.6650 against the dollar at 0509 GMT, firming slightly from 3.6680 at Monday’s close.

The yield on the benchmark 10-year bond was at 10.94 percent in spot trade on Monday and the same level in Tuesday-dated trade.

The main share index rose 1.26 percent to 88,578.31 points on Monday.


Asian shares inched to 19-month highs on Tuesday as the potential for economic stimulus in the United States lifted the dollar, bond yields and Wall Street stocks. The dollar was also bolstered by speculation the head of the Federal Reserve would underline the prospects of more U.S. rate hikes when she testifies to Congress later on Tuesday.


President Tayyip Erdogan visits Saudi Arabia and will then travel to Qatar.


Prime Minister Binali Yildirim will make a speech to lawmakers from his ruling AK Party in parliament (0830 GMT) and will attend a technology centre opening ceremony (1300 GMT). Opposition parties will also hold group meetings in the assembly.


The central bank will announce current account data for December (0700 GMT).


The treasury will tap its benchmark 10-year fixed-coupon bond maturing on Feb. 11, 2026.


The oil refiner reported a fall in net profit to 1.79 billion lira ($486 million) in 2016 from 2.55 billion lira a year earlier.


The state bank said net profit rose to 2.56 billion lira ($696 million) in 2016 from 2.32 billion a year earlier.


The insurance company said it posted an unconsolidated net profit of 48.2 million lira in 2016, compared with a loss of 135.9 million lira a year earlier.


The electronic goods retailer reported a loss of 160.6 million lira in 2016, widening from a loss of 94.6 million 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

All emerging market news

All Turkish news

For real-time quotes, double click on:

Istanbul National-100 stock index, interbank lira trading, lira bond trading (Writing by Daren Butler)