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Turkey - Factors to Watch on Nov 3

By Reuters News

ISTANBUL, Nov 3 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Tuesday.

The lira was quoted at 49.9920-49.9975 against the U.S. dollar at 0450 GMT, after closing at 49.9725 on Monday.

The BIST 100 index closed 1.88% higher at 10,961.67 points on Monday.

GLOBAL MARKETS

Stocks edged lower at the start of Asian trade on Tuesday and oil prices stabilised after the previous session's tumble, with investors on edge ahead of the start of voting for the US midterm elections.

ERDOGAN IN SOUTH KOREA

President Tayyip Erdogan holds talks with his South Korean counterpart Lee Jae Myung, where they are expected to discuss trade and investment, nuclear power and defence industry cooperation. They will then sign agreements and hold a joint press conference. (1140 GMT)

TOGG STAKE SALES

Vestel Elektronik VESTL.IS and Anadolu Group Holding AGHOL.IS said they had signed agreements to sell their stakes in electrical vehicle maker TOGG to the country's sovereign wealth fund (TVF) and Turkcell TCELL.IS for 184 million euros ($206 million) each.

ZORLU HOLDING CHAIRMAN DIES

Industrialist Ahmet Nazif Zorlu, who built the Zorlu Group into one of Turkey's biggest conglomerates with businesses spanning electronics, energy and textiles, has died, the company said on Monday.

INFLATION DATA TRCPI=ECI

The Turkish Statistical Institute will release October consumer and domestic producer inflation data. (0700 GMT) In a Reuters poll, monthly consumer price inflation was forecast to be 2.4% and the annual rate at 29.56%.

OIC COMMITTEE MEETING

Vice President Cevdet Yilmaz attends the closing session of the ministerial meeting of the standing committee for economic and commercial cooperation of the Organization of Islamic Cooperation in Istanbul. (1100 GMT)

PARLIAMENTARY MEETINGS

The government-allied MHP, the pro-Kurdish DEM Party and the opposition CHP will hold their parliamentary group meetings.

BUDGET DEBATE

The Labour Ministry's 2027 budget will be discussed in parliament's planning and budget committee. (0800 GMT)

FOREIGN TRADE DATA TRTRDA=ECI

Minister of Trade Omer Bolat announces foreign trade data for October at a press conference in Istanbul. (0630 GMT)

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