ISTANBUL May 9 Here are news, reports and
events that may affect Turkish financial markets on Tuesday.
The lira stood at 3.5855 against the U.S. dollar
at 0455 GMT, little changed from 3.5850 at Monday's close.
The yield on the benchmark 10-year bond was
at 10.48 percent in spot trade on Monday and was at 10.49
percent in Tuesday-dated trade.
The main BIST 100 share index fell 0.10 percent to
93,832.70 points on Monday.
Asian stock markets were mixed on Tuesday following a flat
close on Wall Street, as investors searched for the next
catalyst following France's presidential election, while oil
inched higher on expectations OPEC supply cuts will be extended.
The South Korean stock market is closed for Tuesday's
presidential election, in which liberal Moon Jae-in is widely
expected to win the presidency, following months of leadership
vacuum after former President Park Geun-hye was removed on
charges of bribery and abuse of power.
Erdogan is to hold talks with Kuwait's ruler, Emir Sheikh
Sabah al-Ahmad al-Sabah, and take part in a groundbreaking
ceremony for a new passenger terminal at Kuwait International
Airport. Turkey's Limak Group won the $4.3 billion contract to
build the terminal, the most valuable foreign tender ever won by
a Turkish company. Erdogan leaves Istanbul airport for Kuwait at
CALL TO MACRON
Erdogan called French President-Elect Emmanuel Macron by
phone on Monday to congratulate him on his victory in Sunday's
presidential elections, Turkish presidential sources said. They
said Erdogan and Macron emphasised their determination to
improve Turkish-French relations and discussed the importance of
overcoming recent issues between Turkey and the EU.
DEFENCE INDUSTRY FAIR
IDEF International Defence Industry Fair, which is held once
every two years, begins in Istanbul (until May 12). Prime
Minister Binali Yildirim will attend the opening ceremony (0800
GMT). Interest in the sector is high after Turkey launched a
series of high profile projects to produce tanks, warships and
Prime Minister Yildirim will also chair a meeting of the
ruling AK Party's central executive committee (1230 GMT).
Opposition parties will hold parliamentary group meetings.
Discount retailer BIM posted a net profit of 197.9 million
lira ($55.4 million) in the first quarter, up from 162.0 million
a year earlier. First-quarter revenue rose to 5.71 billion lira
from 4.81 billion the previous year.
The defence manufacturer reported a net profit of 320.9
million lira ($89.9 million) in the first quarter, up from 111.9
million lira a year earlier. Its first quarter revenues rose to
990.4 million lira from 633.8 million a year ago.
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(Writing by Daren Butler)