On March 4, Turkish markets will respond to various events, including the lira’s trading position and a positive close for the BIST 100 index. Minister Omer Bolat will release foreign trade data, while the Central Bank will announce the real effective exchange rate. Political activities from top officials are also scheduled throughout the day.
On March 4, the Turkish financial markets will be influenced by various news and reports. The Turkish lira, USDTRY, was trading at 36.4550 against the U.S. dollar at 0141 GMT, slightly up from its previous day’s close at 36.4450. The BIST 100 share index closed 2.61% higher on Monday, standing at 9,911.07 points.
Global markets experienced a downturn on Tuesday, with Asian stocks declining and bond yields dropping. Investors are cautious as new U.S. tariffs on Canada, Mexico, and China are set to be implemented soon, potentially escalating ongoing trade tensions.
The Turkish Minister of Trade, Omer Bolat, is scheduled to announce preliminary foreign trade data for February at 0800 GMT. Additionally, the Central Bank will release the real effective exchange rate for February at 1130 GMT.
High-profile government officials are engaged in various activities today. Vice President Cevdet Yılmaz and Minister of Culture and Tourism Mehmet Nuri Ersoy will be present at an exhibition at the presidential national library in Ankara at 1300 GMT. Meanwhile, Ozgur Ozel, Leader of the Republican People’s Party (CHP), will address his party’s parliamentary group at 1030 GMT, and the pro-Kurdish DEM Party will hold its parliamentary group meeting at 0945 GMT.
Lastly, the Minister of Transport and Infrastructure, Abdulkadir Uraloglu, is participating in the GSMA Mobile World Congress in Barcelona, where he will be involved in signing ceremonies.
In summary, March 4 presents a significant day for Turkish financial markets with upcoming announcements regarding trade data and exchange rates scheduled. Key political leaders are also engaging in important events that could influence market sentiment. Investors should remain attentive amid the backdrop of global trade tensions as they monitor these developments closely.
Original Source: www.tradingview.com
