Turkey - Factors to Watch on July 3

ISTANBUL, July 3 - Here are news stories, press reports and events that could affect Turkish financial markets on Friday.

The lira <IYIX=> traded at 1.5350 to the dollar in early trade compared to a close of 1.5265 on Thursday. The main share index <.XU100> closed down 0.56 percent at 37,038.2. The benchmark Feb. 2, 2011, bond <0#TRTSYSUM=IS> yield slipped to 11.79 percent from a previous 11.89.

GLOBAL MARKETS

Asian stocks retreated on Friday and the dollar edged up after a disappointingly big drop in U.S. employment prompted investors to pull back from commodities, resource-linked shares and higher-yielding currencies. Oil and copper extended their slide. U.S. crude struck a one-month low and was down 27 cents a barrel at $66.46 <CLc1>. Government bonds jumped, with the benchmark Japanese 10-year yield touching a three-month low.

TURKISH AIRLINES <THYAO.IS>

Turkish Airlines General Manager Temel Kotil says his company aims to increase its stake in the world aviation market to 2 percent from its current 1 percent to make Turkish Airlines the largest airline in the world, daily Sabah reports.

INFLATION

June consumer price inflation and producer price inflation figures due 1400 GMT. A Reuters poll showed 19 analysts foresaw 0 percent month-on-month inflation in June.

NOTE - For a diary of forthcoming events, see [TR/DIARY].

For other related news, double click on: Turkish politics [TR-POL] Turkish equities [TR-E] Turkish money [TR-M] Turkish debt [TR-D] Turkish hot stocks [TR-HOT] Forex news [FRX] All emerging market news [EMRG] All Turkish news [TR]

For real-time quotes, double click on: Istanbul National-100 stock index <.XU100>, Interbank lira trading <IYIX=>, lira bond trading <0#TRTSYSUM=IS>.