Obbligazioni valute high yield TURCHIA bond in usd e lira turca

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Turkey - Factors to Watch on Feb 27
Oggi 05:34 - RSF
ISTANBUL, Feb 27 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Monday.

The lira
traded at 18.8700 against the dollar at 0405 GMT, little changed from a close of 18.8830 on Friday.

The main BIST 100 share index


GLOBAL MARKETS
Asian shares slipped on Monday as markets were forced to price in ever-loftier peaks for U.S. and European interest rates, slugging bonds globally and underpinning the dollar near multi-week highs.


EARTHQUAKE
The death toll the earthquakes in southern Turkey this month has risen to 44,374, the head of the Disaster and Emergency Management Authority (AFAD) said on Sunday.


OPPOSITION LEADERS
Kemal Kilicdaroglu, leader of the main opposition CHP, and Meral Aksener, head of its alliance partner IYI Party, are expected to hold talks on Monday as their alliance works towards choosing a joint presidential candidate in elections scheduled to be held by June.

Kilicdaroglu will also chair a meeting of the CHP's central executive committee (1000 GMT).


FOREIGN TRADE DATA

The Turkish Statistical Institute will announce foreign trade data for January (0700 GMT).


ECONOMIC CONFIDENCE DATA

The Turkish Statistical Institute announces economic confidence data for February (0700 GMT).

 

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Turkish economic confidence down slightly in February
Oggi 08:10 - RSF
ISTANBUL, Feb 27 (Reuters) - Turkey's economic confidence index fell 0.3% month-on-month in February to 99.1 points, following massive earthquakes that devastated the country's southern region, data from the Turkish Statistical Institute showed on Monday.

The index, which points to an optimistic outlook when above 100 and pessimistic when below, hit a record low in 2020 before recovering as coronavirus measures were eased.

The government introduced a series of measures to ease quake fallout that are expected to cost at least $50 billion. But economists have predicted it will shave some one to two percentage points off economic growth this year.

(Reporting by Ezgi Erkoyun and Ebru Tuncay; Editing by Jonathan Spicer)
(([email protected]; +90-212-350 7051; Reuters Messaging: [email protected])

 

[NoToc]

Turkish economic confidence down slightly in February
Oggi 08:10 - RSF
ISTANBUL, Feb 27 (Reuters) - Turkey's economic confidence index fell 0.3% month-on-month in February to 99.1 points, following massive earthquakes that devastated the country's southern region, data from the Turkish Statistical Institute showed on Monday.

The index, which points to an optimistic outlook when above 100 and pessimistic when below, hit a record low in 2020 before recovering as coronavirus measures were eased.

The government introduced a series of measures to ease quake fallout that are expected to cost at least $50 billion. But economists have predicted it will shave some one to two percentage points off economic growth this year.

(Reporting by Ezgi Erkoyun and Ebru Tuncay; Editing by Jonathan Spicer)
(([email protected]; +90-212-350 7051; Reuters Messaging: [email protected])

forse causa il terremoto anzichè il 5% crescerà del 3% , ma è pur sempre un Pil di tutto rispetto

 

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Sotto 20,da quanto tempo non accadeva

É durata poco

 

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Le esportazioni nel primo mese dell'anno sono aumentate del 10,3% rispetto a un anno fa a $ 19,37 miliardi, mentre le importazioni sono salite del 20,7% a $ 33,61 miliardi, ha detto l'Istituto di statistica turco (TurkStat).

Il rapporto di copertura delle esportazioni e importazioni è sceso al 57,6% a gennaio, rispetto al 63% dell'anno precedente.

Escludendo i prodotti energetici e l'oro non monetario, Türkiye ha registrato un surplus commerciale estero di 1,8 miliardi di dollari il mese scorso.

(Daily Sabah)

 

[NoToc]

Turkish economy likely grew 5.2% in 2022; quakes curb 2023 outlook

Türkiye’s economy, projected to have expanded by more than 5% in 2022 according to surveys, is robust but is somewhat weaker in terms of growth versus...

www.dailysabah.com

 

[NoToc]

Turchia: Erdogan risoluto a organizzare elezioni il 14 maggio
Ankara, 01 mar 14:45 - (Agenzia Nova) - Il presidente della Turchia, Recep Tayyip Erdogan, ha confermato la volontà di tenere le elezioni presidenziali e legislative il prossimo 14 maggio nonostante le conseguenze dei due terremoti di magnitudo 7.8 e 7.6 registrati lo scorso 6 febbraio nel sud del Paese e che hanno provocato 45.089 morti. “Questa nazione, si spera, farà ciò che è necessario il 14 maggio”, ha dichiarato Erdogan intervenendo oggi durante una riunione del gruppo parlamentare del Partito giustizia e sviluppo (Akp), facendo riferimento alla data delle elezioni. Nel suo discorso, il presidente turco ha affermato che il terremoto ha colpito direttamente 14 milioni di persone. Lo scorso 22 gennaio, due settimane prima del duplice sisma, Erdogan aveva annunciato il 14 maggio come data prevista per le elezioni presidenziali e legislative inizialmente previste per il 18 di giugno.

 

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Goldman warns of possible pre-election currency market turmoil in Turkey
Oggi 01:59 - RSF
By Marc Jones
LONDON, March 1 (Reuters) - Goldman Sachs has warned of the potential for foreign exchange market instability in the run up to Turkey's elections following years of currency reserve depletion and other costly measures.

While not its base case, the Wall Street bank said problems could be triggered if savers and firms became worried that a shift to more orthodox economic policies under a new government would fuel short-term FX market turbulence.

"The current market uncertainty poses significant risks, in our view," Goldman said in a research note published on Wednesday.

Authorities could offer local banks FX swaps and try to reassure those with money deposited in the depreciation-protected bank accounts introduced in 2021 to stop the lira's plunge that year, but these measures may not work.

"Given the short-term nature of the instruments, time is unlikely to be on the authorities’ side," Goldman's analysts said. "Hence, we believe there will need to be interim solutions".

If problems do take hold the lira would fall, especially given the sharp depletion of Turkey's currency reserves in recent years.

Goldman estimates that once illiquid assets such as gold, bilateral swap lines and IMF Special Drawing Rights are taken out of the equation, Turkey's reserves amount to just $42 billion following its devastating earthquake last month.

That compares to a combined short FX position - or exposure - of the central bank and treasury of $260 billion. That has grown by $206 billion since mid-2018 mainly due to the FX-protected deposits and swaps conducted with domestic banks.

"There are significant liquidity risks involved if those two markets are unsettled" Goldman said, adding though that a return to more orthodox economic policies was likely be beneficial for Turkey in the long run.

(Reporting by Marc Jones Editing by Shri Navaratnam)
(([email protected]; +44 (0)20 7513 4042; Reuters Messaging: [email protected] Twitter @marcjonesrtrs))

 

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Turkey - Factors to Watch on March 2
Oggi 05:29 - RSF
ISTANBUL, March 2 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Thursday.
The lira
traded at 18.8880 against the dollar at 0348 GMT, unchanged from its close on Wednesday.
The main BIST 100 share index
OPPOSITION ALLIANCE
Turkey's six-party opposition alliance meets to discuss its plans for elections set for May 14 and the joint candidate that it will select to challenge Tayyip Erdogan in the presidential election (1100 GMT).
GOLDMAN SACHS
Goldman Sachs has warned of the potential for foreign exchange market instability in the run up to Turkey's elections following years of currency reserve depletion and other costly measures. While not its base case, the Wall Street bank said problems could be triggered if savers and firms became worried that a shift to more orthodox economic policies under a new government would fuel short-term FX market turbulence.
TRADE DATA
The Trade Ministry will announce foreign trade data for February (0800 GMT).
CENTRAL BANK MINUTES
The central bank will announce the minutes of its monetary policy committee meeting last week, where it cut its policy rate by 50 basis points to 8.5% (1100 GMT).
CENTRAL BANK DATA
The central bank will release its weekly data on forex reserves (1130 GMT).
CENTRAL BANK SCHEME
Bank loans given out under a central bank scheme that supports exports and import substitution have reached the maximum limit of 100 billion lira ($5.30 billion), two sources said on Wednesday.
TURKISH AIRLINES
Turkish Airlines said it had a net profit of 47.43 billion lira ($2.51 billion) last year, up from 8.21 billion lira the previous year.
SABANCI HOLDING
Sabanci Holding posted a net profit of 43.83 billion lira ($2.32 billion) for 2022, up from 12.03 billion the previous year.
TOFAS AGREEMENT
Stellantis announced on Wednesday it had reached an agreement with Turkey's Koc Holding aimed at further expanding their joint venture Tofas which includes a change of the ownership structure of a local distribution unit.
FOREIGN MINISTER
Foreign Minister Mevlut Cavusoglu will attend the G20 foreign ministers' meeting in New Delhi.
NATO MEMBERSHIP
Hungarian Prime Minister Viktor Orban's Fidesz party will back the ratification of Finland and Sweden's bid to join NATO, the party's parliamentary group said on Wednesday, as lawmakers began the process after a months-long delay.

 

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Turkey's trade deficit surges 52.8% in February after earthquakes
Oggi 09:25 - RSF
ANKARA, March 2 (Reuters) - Turkey's foreign trade deficit stood at $12.19 billion in February, widening 52.8% year-on-year, Trade Ministry data showed on Thursday, highlighting the impact of last month's massive earthquakes on trade.

Exports fell 6.4% to $18.64 billion, while imports rose 10.6% to $30.83 billion, the data showed.

The rise in imports was mainly due to an 858.7% rise in unprocessed gold imports, while the earthquakes led to a drop of $1.5 billion in exports, the ministry said.

It said that significant drops were seen in exports from the provinces of Adiyaman, Hatay, Kahramanmaras and Malatya.

(Reporting by Nevzat Devranoglu and Ali Kucukgocmen; Editing by Daren Butler)
(([email protected] , @alikucukgocmen; +905319306206; Reuters Messaging: Reuters Messaging: [email protected]))