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Turkey - Factors To Watch on Jan 22

ReutersJan 22, 2025 4:58 AM

- Here are news, reports and events that may affect Turkish financial markets on Wednesday.

The lira TRYTOM=D3 was quoted at 35.6500 against the U.S. dollar at 0430 GMT, after closing at 35.6150 on Tuesday.

The main BIST 100 share index .XU100 closed 0.3% lower at 9,999.55 points on Tuesday.

GLOBAL MARKETS

Global stocks gained on Wednesday as a flurry of new policies from U.S. President Donald Trump combined with robust corporate earnings to bolster investor optimism, while tariff uncertainty kept the dollar near two-week lows.

ERDOGAN PROGRAMME

President Tayyip Erdogan will chair a meeting of the National Security Council (MGK) at his palace. (1300)

HOTEL FIRE

Turkey has detained nine people, including the owner of the hotel, in connection with a deadly fire that claimed the lives of 76 people and injured dozens at a ski resort in western Turkey, Interior Minister Ali Yerlikaya said early Wednesday.

OPPOSITION

Turkish authorities have ramped up investigations and detentions of opposition figures, with three such actions on Monday alone, raising concerns about a widening crackdown on dissent against the government.

A Turkish court late on Tuesday ordered far-right Victory Party leader Umit Ozdag be held in custody pending trial on charges of inciting public hatred through social media, prompting widespread condemnation from opposition leaders.

POLL

Turkey's economy will grow more slowly than the authorities forecast this year and next, while inflation will prove more stubborn than predicted despite a policy-tightening drive, a Reuters poll of economists showed.

DATA

The Turkish Statistical Institute will announce the motor vehicle statistics for December 2024 and the domestic tourism statistics for households in the third quarter of 2024.

For other related news, double-click on:

Turkish politics TR-POL

Turkish equities TR-E

Turkish money TR-M

Turkish debt TR-D

Turkish hot stocks TR-HOT

Forex news FRX

All emerging market news EMRG

All Turkish news TR

For real-time quotes, double click on:

Istanbul National-100 stock index .XU100, interbank lira trading IYIX=, lira bond trading 0#TRTSYSUM=IS

(Compiled by Ece Toksabay)

((ece.toksabay@tr.com; +90 312 2927022; Reuters Messaging: ece.toksabay.reuters.com@reuters.net))

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