Turkey - Factors to Watch on Nov 4

ISTANBUL, Nov 4 (Reuters) - Here are press reports, news and events that could affect Turkish financial markets on Wednesday. The lira was trading at 1.4990 against the dollar in early trade, compared with a close of 1.5060 on Tuesday. The yield on the benchmark Aug. 3, 2011, bond closed at 8.88 percent on Tuesday from a previous 8.74 percent. The main share index closed 2.36 percent lower at 46,335.05 points. GLOBAL MARKETS Asian stocks edged higher in muted trade ahead of central bank meetings, including the U.S. Federal Reserve's, on Wednesday. The dollar lost ground after hitting a one-month high against a basket of currencies. Oil fell for the first time in three days after a 2 percent surge and gold eased after hitting a record high, but the afterglow helped boost resource-linked shares. INFLATION Consumer prices rose more than expected in October, by 2.41 percent on the month, adding to share losses but not denting expectations of more cuts in interest rates to boost the ailing economy. HALKBANK State-run Turkish lender Halkbank on Tuesday posted higher-than-expected third-quarter net profit of 420.2 million lira, helped by higher net interest income. PETROL OFISI, DOGAN HOLDING Turkey's biggest chain of gas-stations received an official invitation to discuss settlement of a 42.8 million lira tax fine with the Finance Ministry, it said on Wednesday. Dogan Holding, and OMV own Petrol Ofisi. DOGAN YAYIN The media group also owned by Dogan Holding has prepared a lawsuit against four officials at the tax office at the Finance Ministry for damages caused by the record tax fine the office issued, Haber Turk newspaper reported. TURKCELL Mobile phone operator Turkcell is seen posting a 42 percent fall in third-quarter net profit on Wednesday, as deep economic recession in Turkey and fierce competition continue to impact its performance. (2100 GMT) ARCELIK Ali Koc, whose family runs Arcelik, applied to the stock exchange on Tuesday to sell his unlisted 6.176 million shares, with a current value of 675.73 million lira, in the next 99 years, according to a filing on Tuesday. ANEL The electronics maker said on Wednesday it has signed a letter of understanding with Germany's SHG to produce parts for solar panels. AKENERJI The power generator part owned by Prague-based CEZ is interested in buying distributors, Chief Executive Ahmet Umit Danisman says, according to Milliyet newspaper. The government is selling grids to reduce its role in the energy sector. NOTE - For a diary of forthcoming events, see. For other related news, double click on: Turkish politics Turkish equities Turkish money Turkish debt Turkish hot stocks Forex news All emerging market news All Turkish news For real-time quotes, double click on: Istanbul National-100 stock index, Interbank lira trading, lira bond trading. Keywords: TURKEY FACTORS/ ([e-mail]; [phone]; Reuters Messaging: [e-mail]) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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