Turkey - Factors to Watch on Feb 9
ISTANBUL, Feb 9 - Here are news, reports and events that may affect Turkish financial markets on Tuesday.
The lira was trading at 1.5140 against the dollar on the interbank market <IYIX=> on Tuesday, firming from a previous close of 1.5255. The yield on the busiest Nov. 16, 2011, bond <0#TRTSYSUM=IS> firmed to 8.93 percent from 9.06 percent. The main stock index <.XU100> fell 2.96 percent to 49,933.38.
GLOBAL MARKETS
Asian share markets won some respite from recent losses on Tuesday, while the euro rose tentatively as investors took a break from selling it off over fiscal concerns in the euro zone. The MSCI index of Asian shares outside Japan <.MIAPJ0000PUS> slipped 0.2 percent after dipping to a five-month low. In the currency markets, the euro inched up but remained within sight of last week's 8-½ month low of $1.3585 <EUR=> as investors awaited a special European Union summit on the economy on Thursday, with eyes on what EU policymakers will say about fiscal problems in the region. [ID:nSGE618056]
DEBT AUCTIONS
The Treasury will hold two debt tap auctions, re-opening a 14-month zero-coupon bond maturing on April 13, 2011 and a three-year fixed-coupon bond maturing on Jan. 9, 2013.
HURRIYET GAZETECILIK <HURGZ.IS>, DOGAN YAYIN <DYHOL.IS>
The board of the newspaper publisher owned by Dogan Yayin and Dogan Holding approved Vuslat Dogan Sabanci as chairwoman, according to a company filing late on Monday. She succeeds her father Aydin Dogan, Dogan Holding's billionaire founder. [ID:nLDE6171Z1]
TURK EKONOMI BANKASI <TEBNK.IS>
The lender half-owned by BNP Paribas <BNPP.PA> posted a 28 percent rise to 210.17 million lira in 2009 net profit, helped by higher income from interest and fees, according to an income statement late on Monday. [ID:nLDE617278]
BANKING MEASURES
Economy Minister Ali Babacan says Turkey could take measures in the banking sector like the United States is doing in order to prevent both banking collapses and excessive growth.
CASH BALANCE <TRCASH=ECI>
The Treasury posted a cash deficit of 3.72 billion lira in January and a cash primary surplus of 2.31 billion lira, it said late on Monday. [ID:nIST006544]
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>.