Turkey – Factors to Watch on May 30

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Turkey – Factors to Watch on May 30

[...] the U.S. dollar at 0428 GMT, weakening slightly a close of 6.0155 on Wednesday. The yield on the benchmark 10-year bond was steady at 19.66% o

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[…] the U.S. dollar at 0428 GMT, weakening slightly a close of 6.0155 on Wednesday.

The yield on the benchmark 10-year bond was steady at 19.66% on Wednesday.

The main BIST 100 share index rose 0.47% on Wednesday to 87,186.30 points.

GLOBAL MARKETS

Asian stocks tracked Wall Street losses on Thursday as latest exchanges between Beijing and Washington signalled the heightened risk of a prolonged trade war, stoking investors’ concerns about the impact on global economic growth. “This kind of deliberately provoking trade disputes is naked economic terrorism, economic homicide, economic bullying,” China’s Vice Foreign Minster Zhang Hanhui said, as Beijing continued to dial up its rhetoric amid the festering trade war with the United States.

ERDOGAN, TRUMP PHONE CALL

President Tayyip Erdogan and U.S. President Donald Trump agreed during a phone call on Wednesday to meet on the sidelines of a G20 meeting set for June 28-29 in Japan, the Turkish Presidency’s communications director said in posts on Twitter.

TURKEY FREES NASA SCIENTIST

Turkey has released Turkish-American, former NASA scientist Serkan Golge jail with conditions, according to a court ruling seen by Reuters on Wednesday, in a step that could lead to an easing of tensions in Ankara’s relations with Washington.

ERDOGAN PROGRAMME

President Erdogan will present his judicial reform strategy programme at the presidential palace (1100 GMT). He will then chair a meeting of the National Security Council (1200 GMT), which gathers once every two months. He will then attend a Ramadan fast-breaking dinner with members of the judiciary (1716 GMT).

CENTRAL BANK DATA

The Turkish Central Bank will release weekly data, including on forex reserves (1100 GMT).

EU REPORT ON TURKEY

Turkey’s hopes of joining the European Union are fading, the bloc’s executive said on Wednesday, blaming authoritarian rule for worse conditions in courts, prisons and the economy.

FOREIGN MINISTER IN SAUDI ARABIA

Foreign Minister Mevlut Cavusoglu will attend a three-way meeting with the Malaysian and Pakistani foreign ministers in Saudi Arabia.

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(Compiled by Daren Butler) (([email protected]; +90-212-350 7053; Reuters Messaging: [email protected]))

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