Turkey - Factors to Watch on Oct 16

By Reuters News

ISTANBUL, Oct 16 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Friday.

The lira was quoted at 49.5200-49.5275 against the U.S. dollar at 0414 GMT, after closing at 49.5400 on Thursday.

The BIST 100 index closed 0.40% lower at 12,070.17 points on Thursday.

GLOBAL MARKETS

Asian stocks rebounded on Friday following heavy selling in the previous session when investors dumped tech shares as questions about cloud company CoreWeave's debt pile fuelled worries about the financing driving the AI boom.

ERDOGAN SCHEDULE

President Tayyip Erdogan makes a speech at the Turkish exporters association's (TIM) Innovation Week programme in which he is likely to focus on economic developments. (1130 GMT) He will then hold a meeting with Cambodian Prime Minister Hun Manet, which is likely to focus on bilateral relations and economic cooperation. (1300 GMT)

MSCI FREEZES CERTAIN TURKEY INDEX CHANGES

MSCI MSCI.N on Thursday froze certain changes to its Turkey equity indexes, saying it needed more time to assess market reforms and warning of a potential downgrade if sufficient progress was not made by mid-2027.

CENTRAL BANK SURVEY TRINTM=ECI

The Central Bank will release its October market participants survey. (0700 GMT)

HOUSE SALES

The Turkish Statistical Institute will announce data for September residential and commercial property sales. (0700 GMT)

ERDOGAN ADVISER ON ELECTION TIMING

Turkey will probably hold its 2028 elections earlier than expected, a presidential adviser said on Thursday, a move which would allow President Erdogan to sidestep constitutional limits and run again for office.

FLOATING GAS PRODUCTION PLATFORM

Turkey will send its first floating gas production platform to the Black Sea on Saturday, a move expected to roughly double output from its largest domestic gas field, Energy Minister Alparslan Bayraktar said on Thursday.

PARLIAMENT SPEAKER IN ROME

Parliament Speaker Numan Kurtulmus will attend the European Conference of Presidents of Parliament in Rome.

VICE PRESIDENT AT BUDGET EVENT

Vice President Cevdet Yilmaz will attend a ceremony to mark the finalisation of the 2027 central government budget. (0700 GMT)

MINISTERS INSPECT FLOODING DAMAGE

Environment Minister Murat Kurum and Interior Minister Mustafa Ciftci conduct inspections in Ayazaga, Istanbul, which was affected by flooding during this week's heavy rainfall. (0800 GMT)

AGRICULTURE MINISTER IN YEREVAN

Minister of Agriculture İbrahim Yumakli attends a U.N. biodiversity conference in the Armenian capital Yerevan.

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