Capital Com MENA Securities Trading LLC is regulated by the Capital Market Authority.
Open platformOpen platform

Turkey - Factors to Watch on Oct 26

By Reuters News

ANKARA, Oct 26 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Monday.

The lira traded at 49.7625 against the US dollar at 0425 GMT, after closing at 49.7375 on Friday.

The BIST 100 index closed 0.92% lower at 11,116.99 points on Friday.

GLOBAL MARKETS

Stock markets traded cautiously on Monday as oil eased from six-month highs ahead of a week packed with central bank meetings and corporate earnings that will further test investor confidence in the AI boom.

CABINET MEETING

President Tayyip Erdogan will chair a meeting of his cabinet of ministers, after which he is expected to make a televised speech. (1200 GMT)

ENERGY MINISTER

Energy Minister Alparslan Bayraktar will attend an entrepreneurial event on electricity distribution in Ankara. (0630 GMT)

TRADE MINISTER

Trade Minister Omer Bolat will attend the "Steel Networking Summit" organised by the Steel Exporters' Association (CIB) in Istanbul. (0630 GMT)

OPPOSITION

Ozgur Ozel, head of the main opposition New Party, will attend a meeting at his party headquarters about the ongoing fund crisis in Turkey. (0800 GMT)

MECCA PACT MEETING IN IRAN

Top officials from the Mecca Pact countries Saudi Arabia, Turkey and Pakistan are set to meet Iranian officials in Tehran on Monday to discuss regional coordination, two people with knowledge of the matter said.

TUPRAS-USTDA

Turkish refiner Tupras said on Saturday it had signed an agreement with the US Trade and Development Agency to study small modular reactor technology as part of its efforts to evaluate low-carbon energy solutions.

IRAN WAR

Turkish Foreign Minister Hakan Fidan cautioned on Friday against any renewed attack on Iran, saying such a move would exacerbate tensions and further expand the conflict there, adding that diplomacy and dialogue were the only way to end the war.

CANADA-TURKEY

Canadian engineering company AtkinsRealis ATRL.TO is in the running to help build Turkey's second nuclear power plant, Canadian Prime Minister Mark Carney said.

Carney said on Friday his team had raised issues over LGBTQ+ rights during meetings held with the Turkish government a day earlier, adding that Ottawa's engagement in partnerships did not mean approval of policies.

S&P GLOBAL

Turkey's tight monetary stance and shift away from unorthodox economic policies underpin its sovereign rating, but slower disinflation and the run-up to elections will test the central bank's commitment to maintaining discipline, S&P Global says.

SUPPORT FOR SAUDI ARABIA

Turkey does not see its troops engaging in combat with Yemen's Iran-aligned Houthi rebels under a defence pact with Saudi Arabia and Pakistan, Defence Minister Yasar Guler said on Friday.

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.