Turkey - Factors to Watch on July 9

ISTANBUL, July 9 (Reuters) - Here are news stories, press reports and events which could affect Turkish financial markets on Wednesday.

The lira <IYIX=> stood at 1.2240 against the dollar in early interbank trade after closing at 1.2270 on Tuesday. The main Istanbul stock index .XU100 fell 0.33 percent to 34,894.68 points on Tuesday while the yield on the Jan. 13, 2010 benchmark bond <0#TRTSYSUM=IS> fell to 22.11 percent from the previous day's 22.17 percent.

GLOBAL MARKETS

Asian stocks bounced on Wednesday, after oil fell sharply and the head of the Federal Reserve said efforts to help Wall Street banks may continue for longer, easing fears inflation and the credit crisis could worsen a global slowdown.

Crude prices have fallen around $10 so far this week to $135.76 a barrel as the U.S. dollar gained and indications an Atlantic hurricane would bypass offshore oil platforms. For a full story click on [ID:nL09052323]

TREASURY CASH BALANCE <TRCASH=ECI>

The Treasury said on Tuesday it posted a cash deficit of 1.563 billion lira ($1.27 billion) in June and and a cash primary deficit of 333.3 million lira.