Some factors to watch about Turkey on Oct 7


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

The lira stood at 3.0517 against the dollar at 0531 GMT, weakening from 3.0383 at the end of Thursday.

The benchmark 10-year bond stood at 9.68 percent in spot trade on Thursday and dipped to 9.66 percent in Friday-dated trade.

The main share index rose 0.05 percent to 77,894.72 points on Thursday.

Sterling recouped some losses after plunging to a three-decade low in Asian trade on Friday amid growing fears of a “hard” exit by Britain from the European Union, though the broader global market impact was limited with stocks down only slightly. The pound nosedived almost 10 percent at one point to $1.1378 after crashing through key support levels and triggering a wave of selling. CASH BALANCE The Treasury will announce cash balance data for September (1430 GMT).

Source: www.kitco.com

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