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UPDATE 1-Turkey - Factors to Watch on Nov 29
November 29, 2012 / 6:26 AM / 5 years ago

UPDATE 1-Turkey - Factors to Watch on Nov 29

(Adds central bank report)

ISTANBUL, Nov 29 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Thursday.

The lira was at 1.7898 against the dollar at 0615 GMT, slightly stronger from 1.7925 late on Wednesday.

The yield on the two-year benchmark bond closed at 6.08 percent on Wednesday, a tick higher than Tuesday’s close at 6.05 percent.

Istanbul’s main share index closed down 0.04 percent at 71,974 points, outperforming a 0.63 percent fall in the global emerging markets index.


U.S. and European stocks rebounded to post gains while the euro pared losses on Wednesday as investors shifted into buying mode after perceived positive news on U.S. budget talks.

U.S. House Speaker John Boehner, an a Ohio Republican, said he is willing to put revenues on the table if accompanied by spending cuts. But he repeated his opposition to raising income tax rates.


Turkish central bank to announce Financial Stability Report. (1000)


The initial price target for Turkish lender Yapi Kredi’s 10-year subordinated bond issue of up to $1.5 billion is 5.875 percent, bankers said on Wednesday.


Tesco Kipa, the Turkish unit of the world’s No.3 retailer Tesco, said preliminary talks to buy a stake in Turkish grocer Uyum Gida still continues, denying new reports saying talks failed.

Note: For a list of forthcoming events, see.

For other related news, double click on:

Turkish politics

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

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