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Turkey - Factors to Watch on Nov 11

By Reuters News

ISTANBUL, Nov 11 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Wednesday.

The lira traded at 50.2300-50.2325 against the U.S. dollar at 0408 GMT, after closing at 50.2325 on Tuesday.

The BIST 100 index closed 0.43% lower at 11,661.86 points on Tuesday.

GLOBAL MARKETS

Global bonds tumbled and the dollar stayed firm after a hot US inflation print and hawkish central bank rhetoric raised the risk of an outsized half-point rate hike from the Federal Reserve next month, though stocks remained resilient.

COP31 LEADERS SUMMIT BEGINS

World leaders including host President Tayyip Erdogan will set out their climate priorities in speeches at COP31 in Turkey on Wednesday, as negotiators seek agreement on a plan to increase the share of electricity in global energy use and revive stalled efforts to move away from fossil fuels. (0915 GMT)

VICE PRESIDENT

Vice President Cevdet Yilmaz will attend COP31 sessions on "Green Industrialization: Investment, Employment, and Growth" and "Early Warning Systems for All". (1400 GMT)

INDUSTRY MINISTER

Minister of Industry and Technology Mehmet Fatih Kacir will attend the Global Finance Summit in Antalya. (0600 GMT)

COP 31 PRESIDENT KURUM

COP31 President and Minister of Environment, Urbanization and Climate Change Murat Kurum will deliver a speech at the leaders' summit (1100 GMT) and host a ministerial dinner. (1700 GMT)

PARLIAMENT

Parliament Speaker Numan Kurtulmus will visit the parliamentary groups of the pro-Kurdish DEM Party (1030 GMT) and the ruling AK Party. (1130 GMT)

Parliament's planning and budget committee will discuss the 2027 budget for the Ministry of Family and Social Services. (0630 GMT)

ZIRAAT BANK

The state lender said its third-quarter net profit rose to 50.3 billion lira ($1 billion) from 49.7 billion a year earlier.

($1 = 50.2299 liras)

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