February 22, 2017 / 6:18 AM / 8 months ago

Turkey - Factors to Watch on Feb. 22

ANKARA, Feb 22 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Wednesday.

The lira stood at 3.6200 against the dollar at 0521 GMT, firming slightly from Tuesday’s close of 3.6221.

The yield on the benchmark 10-year bond was at 10.84 percent in both spot trade on Tuesday and Wednesday-dated trade.

The main share index rose 0.47 percent to 88,965.14 points on Monday.

GLOBAL MARKETS

Asian stocks rose on Wednesday, joining a record-setting session for global markets as investors cheered upbeat factory activity in Europe and solid earnings on Wall Street. But the dollar dipped, reversing an earlier rise made on hawkish comments from Federal Reserve officials.

GARANTI

Spain’s second-biggest lender, BBVA, said on Tuesday it had agreed to buy an extra 9.95 percent of Turkey’s Garanti Bank from Dogus Holding for 859 million euros ($905 million), bringing its stake to just under 50 percent.

PRO-KURDISH LEADERS

Turkey’s parliament on Tuesday stripped one of the pro-Kurdish Peoples’ Democratic Party’s (HDP) two leaders of her status as a member of parliament and jailed the other, weeks ahead of a referendum on extending the president’s powers.

ERDOGAN

Turkish President Tayyip Erdogan will attend an awards ceremony at 1100 (0800 GMT), where he is expected to make a speech.

ERDOGAN SPOKESMAN

President Erdogan’s spokesman, Ibrahim Kalin, will hold a news conference at 1300 (1000 GMT).

CAVUSOGLU

Turkish Foreign Minster Mevlut Cavusoglu will attend a conference with his Azeri counterpart at 1000 (0700 GMT).

FINANCE MINISTER

Turkish Finance Minister Naci Agbal will be interviewed by broadcaster NTV at 0900 (0600 GMT).

CONFIDENCE INDEX

Turkey’s central bank will release its real sector confidence index for February at 1430 (1130 GMT).

CARREFOURSA JOBS

The Turkish affiliate of French supermarket chain Carrefour plans to hire at least 3,000 new workers and invest at least 100 million lira ($29 million) on its business this year, its general manager said on Tuesday.

For other related news, double click on:

Turkish politics TR-POL

Turkish equities TR-E

Turkish money TR-M

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Turkish hot stocks TR-HOT

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Istanbul National-100 stock index, interbank lira trading, lira bond trading (Reporting by Tuvan Gumrukcu; Editing by David Dolan)

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