Turkey - Factors to Watch on Feb 3

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 Turkey - Factors to Watch on Feb 3
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ISTANBUL, Feb 3 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Friday.

The lira traded at 18.8195 against the dollar early on Friday, little changed from Thursday's close of 18.8100.

The main BIST 100 share index closed 0.82% higher at 4,752.24 points on Thursday.


Asian shares turned lower and the dollar regained some of its footing on Friday, as disappointing earnings from U.S. tech giants undermined sentiment ahead of a key U.S. non-farm payrolls report. Overnight, markets sensed the end of the massive global tightening cycle, after policymakers in Britain and Europe signalled their intention to pause, sending local bonds rallying and currencies lower.


President Tayyip Erdogan will speak at an opening ceremony in Istanbul (1200 GMT). He will then host Albanian Prime Minister Albin Kurti (1430) and hold a joint news conference (1700 GMT).


The Turkish Statistical Institute will announce inflation data for January (0700 GMT). Annual inflation should drop to 53.5% in January even as prices continue jumping on a monthly basis, according to a Reuters poll.


Turkey summoned ambassadors of nine Western countries including the United States and Sweden on Thursday to criticise their decisions to temporarily shut diplomatic missions and issue security alerts following Koran-burning incidents in Europe.


The U.S. Congress cannot support the $20 billion sale of F-16 fighter jets to Turkey until Ankara ratifies the NATO memberships of Sweden and Finland, a bipartisan group of senators said on Thursday.


Norwegian police on Thursday banned a planned anti-Islam protest including the burning of a copy of the Koran this week for security reasons, hours after the Turkish foreign ministry summoned Norway's ambassador to complain.


Foreign Minister Mevlut Cavusoglu will hold a joint news conference in Istanbul with his Argentinian counterpart (0730 GMT).


Finance Minister Nureddin Nebati said Turkey would keep interest rates low after elections expected in May and not reverse course on monetary policy, according to an interview published by Bloomberg.


Ukrainian Human Rights Commissioner Dmytro Lubinets to hold news conference with Turkey's ombudsman Seref Malkoc.


The lender said net profit surged to 52.74 billion lira ($2.8 billion) in 2023 from 10.49 billion a year earlier.


Energy Minister Fatih Donmez will visit Azerbaijan for a meeting of the Southern Gas Corridor Advisory Council (0700 GMT).

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>

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Istanbul National-100 stock index, interbank lira trading, lira bond trading ($1 = 18.8098 liras) (Compiled by Daren Butler)


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