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Turkey - Factors to Watch on Nov 4

By Reuters News

ISTANBUL, Nov 4 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Wednesday.

The lira was quoted at 50.0205-50.0225 against the U.S. dollar at 0414 GMT, after closing at 49.9975 on Tuesday.

The BIST 100 index closed 0.56% higher at 11,023.55 points on Tuesday.

GLOBAL MARKETS

US stock futures slumped, Treasuries rallied and the dollar softened on Wednesday as Democrats notched early Senate wins, raising the prospect of a blue sweep in the US midterm elections in a major setback to President Donald Trump and Republicans.

ERDOGAN VISIT TO SOUTH KOREA

Turkish President Tayyip Erdogan and South Korean President Lee Jae Myung agreed at a summit to expand cooperation in nuclear energy and defence, including on one of Turkey's biggest power projects. They also agreed to work closely in areas including infrastructure, biotechnology and critical minerals.

BUDGET DEBATE

Parliament's planning and budget committee with debate the 2027 budget of the Ministry of Trade. (0800 GMT)

REAL EFFECTIVE EXCHANGE RATE

The Central Bank will announce the real effective exchange rate. (1130 GMT)

COCA-COLA ICECEK CCOLA.IS

Coca-Cola Icecek said its third-quarter net profit fell to 7.8 billion lira ($156 million) from 9.3 billion lira a year earlier.

PARTY MEETINGS

The opposition CHP party leader Kemal Kilicdaroglu will chair a meeting of the party’s central executive board. (1100 GMT), while the New Path Party (0630 GMT) and the IYI Party (0730 GMT) will hold their parliamentary group meetings.

FENERBAHCE FENER.IS

Istanbul club Fenerbahce have appointed Emre Belozoglu as coach, the Super Lig side said on Tuesday.

($1 = 49.9927 liras)

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