Turkey - Factors to Watch on Dec 2
ANKARA, Dec 2 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Thursday.
The lira TRYTOM=D3 TRY= stood at 13.4800 versus the U.S. dollar at 0424 GMT, weaker than a close of 13.4 on Wednesday. It touched a record low of 14 late on Tuesday.
The main BIST 100 share index .XU100 rose 2.64% to 1,857.40 points on Wednesday.
Asian shares edged higher in choppy trading on Thursday, helped by advances in Chinese real estate shares, though fears about the Omicron variant of the new coronavirus capped gains regionally.
TREASURY AND FINANCE MINISTER
President Tayyip Erdogan appointed Nureddin Nebati as Turkey's minister of treasury and finance early on Thursday, accepting the resignation of Lutfi Elvan, the last top official seen to adhere to orthodox policy in a government gripped by a currency meltdown.
Turkish President Tayyip Erdogan is putting his political life on the line with a risky wager that driving down interest rates will reverse his skidding opinion polls, despite what is already a heavy economic toll on voters.
President Tayyip Erdogan's campaign to slash Turkish interest rates began in September after he grew frustrated at the pace of central bank intervention. Three months and three rate cuts later, the lira has crashed but the president is holding firm.
Trade Minister Mehmet Mus will announce foreign trade data for November at a press conference in Ankara (0830 GMT).
Foreign Minister Mevlut Cavusoglu will be in Sweden's Stockholm Riga to attend to attend OSCE Ministerial Council meeting.
ISTANBUL PRICES TRISTI=ECI
Retail prices in Turkey's largest city Istanbul jumped 4.71% month-on-month in November for an annual increase of 24.05%, the Istanbul Chamber of Commerce (ITO) said on Wednesday.
Turkey logged 22,556 new COVID-19 cases on Wednesday, health ministry data showed. Turkey recorded 196 deaths from the virus in the same period.
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Istanbul National-100 stock index .XU100 , interbank lira trading IYIX= , lira bond trading 0#TRTSYSUM=IS (Writing by Ece Toksabay)
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