Overview of Turkish Financial Markets
The Turkish lira was quoted at 41.2780-41.3360 against the U.S. dollar at 0424 GMT, compared to Wednesday’s close of 41.2760. The main BIST 100 share index closed 0.15% lower at 11,165.85 points on Wednesday.
Global Market Trends
Global stock markets were choppy on Thursday after the Federal Reserve delivered its first rate cut this year but signalled a measured approach to further monetary policy easing, leaving investors in doubt about the pace of future moves.
Upcoming Events
President Tayyip Erdogan will make a speech at an event aimed at finding work in state institutions for conflict veterans and the relatives of veterans or those killed in conflict. He will also host Palestinian Authority President Mahmoud Abbas at the presidential palace for talks and dinner.
Central Bank Announcements
The Central Bank will release the minutes of its monetary policy committee meeting last week, where it cut its policy rate by 250 basis points to 40.5%. Additionally, the Central Bank will release its weekly money and banking statistics, foreign exchange reserves, and securities statistics.
Government Meetings
Parliament Speaker Numan Kurtulmus will chair a meeting of the "National Solidarity, Brotherhood, and Democracy Commission" which is working on political issues related to the Kurdish militant peace process. Minister of Industry and Technology Mehmet Fatih Kacir will attend an aluminium symposium in Istanbul, and Trade Minister Omer Bolat will meet with Libyan Transport Minister Muhammed Salim al-Shahubi.
Related News and Resources
For other related news, readers can check out the following topics: Turkish politics, Turkish equities, Turkish money, Turkish debt, Turkish hot stocks, forex news, and all emerging market news. Real-time quotes are also available for the Istanbul National-100 stock index, interbank lira trading, and lira bond trading.
Conclusion
The Turkish financial markets are expected to be influenced by various events and announcements on Thursday, including the Central Bank’s minutes and data releases, as well as meetings and speeches by government officials. As the global market trends continue to evolve, investors and readers can stay informed about the latest developments in Turkish financial markets through the various news and resource channels available.
