May 18, 2020 / 5:50 AM / 9 days ago

Turkey - Factors to Watch on May 18

ISTANBUL, May 18 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Monday.

The lira traded at 6.8975 against the dollar at 0455 GMT, little changed from Friday’s close of 6.9050.

The main BIST 100 share index rose 0.58% to 99,768.15 points on Friday.


Asian shares were led higher by S&P 500 futures on Monday and oil prices hit a five-week peak as countries’ efforts to re-open their economies stirred hopes the world was nearer to emerging from recession.


The number of people who have died from COVID-19 in Turkey rose on Sunday by 44 to 4,140, Health Ministry data showed on Sunday. The overall number of cases rose to 149,435, the data showed, with nearly 110,000 already recovered from the virus.


The central bank will announce private sector foreign debt data for March (0700 GMT).


Turkey’s relatively low debt levels and experience at riding out financial market turbulence is helping its credit rating withstand the country’s current coronavirus and currency strains, Fitch’s top analyst said on Friday.


The conglomerate announced on Friday a net profit of 1.19 billion lira for the first quarter, up from 1.06 billion a year earlier.

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

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