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Turkey – Factors to watch for on November 24

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ISTANBUL, Nov. 24 (Reuters) – Here are news, reports and events that could affect Turkish financial markets on Wednesday.

The lira, traded at 12.77 against the dollar at 05:00 GMT, after closing at 12.70 on Tuesday, when it hit a record high of 13.45 in intraday trading.

The main stock index BIST 100 (.XU100) rose 1.66% to 1,784.56 points on Tuesday.

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WORLD MARKETS

Stock markets were choppy in early Asia on Wednesday as trade rocked by rising US Treasury yields as well as volatile oil prices amid cooling price movements from the US and other countries .

READ TURKISH

The Turkish lira plunged more than 15% on Tuesday after President Tayyip Erdogan defended recent rate cuts and pledged to win his “war of economic independence,” despite widespread criticism and calls to reverse the rate. tendency. Read more

Concerned Turks struggled to cope with a mind-boggling currency collapse, and the main opposition party leader said the country was going through its darkest “disaster” as the pound slumped 15% on Tuesday against the dollar. Read more

UNITED ARAB EMIRATES

Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan, de facto ruler of the United Arab Emirates, will travel to Turkey on Wednesday for talks with President Tayyip Erdogan as regional rivals attempt to mend the ties.

The two countries have fought for regional influence and supported opposing parties in the conflicts, but Ankara has sought to reduce tensions with the UAE and its Arab allies in recent months.

MANUFACTURING TRUST

The central bank will announce the economic trend statistics for November, the real sector confidence index, the manufacturing industry capacity utilization rate and the 6-month investment trend statistics. (0700)

OPPOSITION PARTIES

The main opposition group CHP (09:00 GMT) will hold an emergency meeting to discuss recent economic developments. Another opposition party, the Iyi Party, will hold its parliamentary group meeting. (0730)

COVID-19[female[feminine

Turkey registered 28,170 new cases of COVID-19 on Tuesday, according to data from the Ministry of Health. Turkey has recorded 208 deaths from the virus during the same period.

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Istanbul National Stock Index-100 (.XU100), interbank trading in lira, bond trading in lira

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Compiled by Ece Toksabay

Our Standards: Thomson Reuters Trust Principles.