Turkey – Factors to watch on November 29


ISTANBUL, Nov. 29 (Reuters) – Here are news, reports and events that could affect Turkish financial markets on Monday.

The pound was trading at 12.4395 against the dollar on Monday morning, after closing at 12.2500 on Friday. It hit a record low of 13.45 last week.

The main stock index BIST 100 (.XU100) fell 2.35% to 1,776.41 points on Friday.

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U.S. equity futures caused the market to rebound on Monday as investors prepared to wait a few weeks to see if the Omicron variant of the coronavirus would really derail economic recoveries and some central bank tightening plans. Oil prices rebounded more than $ 3 a barrel to recoup some of Friday’s bombardment, while safe haven bonds and the yen lost ground as markets clung to hope that the worrisome new variant would turn out to be “light”. Read more


President Tayyip Erdogan has ordered an investigation into possible currency manipulation after the pound fell sharply to record highs against the dollar last week, Anadolu news agency reported on Saturday. Read more


The Turkish Statistical Institute will announce foreign trade data for October (0700 GMT).


The Turkish Statistical Institute will release the Economic Confidence Index for November (0700 GMT).


Kemal Kilicdaroglu, leader of the main opposition Republican People’s Party (CHP), will chair a meeting of the party’s central executive committee (09:00 GMT).


Transport Minister Adil Karaismailoglu will attend the opening ceremony of the Ayancik terminal in Sinop province, on the Black Sea (08:00 GMT).


Turkey has closed its borders to passengers from Botswana, South Africa, Mozambique, Namibia and Zimbabwe as a measure against the new variant of the coronavirus, Turkish Health Minister Fahrettin Koca said on Friday. Read more

Turkey registered 21,655 new cases of COVID-19 on Sunday, according to data from the Ministry of Health. Turkey has recorded 213 deaths from the virus during the same period.

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Compiled by Daren Butler

Our standards: Thomson Reuters Trust Principles.

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