Turkey - Factors to Watch on Nov 5

ISTANBUL, Nov 5 (Reuters) - Here are press reports, news and events that could affect Turkish financial markets on Thursday. The lira was trading at 1.4900 against the dollar in early trade, compared with a close of 1.4935 on Wednesday. The yield on the benchmark Aug. 3, 2011, bond fell to 8.86 percent from the previous day's 8.88 percent. The main share index closed 2.04 percent higher at 47,281. GLOBAL MARKETS The dollar fell against Asian currencies after the U.S. Federal Reserve on Wednesday offered a cautious economic outlook and kept borrowing costs near zero. The euro fell as investors awaited a European Central Bank meeting later in the day. The Bank of England also meets on Thursday. The Dow Jones rose just 0.3 percent on Wednesday, giving up earlier gains after the Fed's statement, and Asian shares declined on Thursday. Oil dipped 0.6 percent to $79.90 a barrel after gaining more than $3 a barrel in the past three days. Gold hovered around $1,088 an ounce after hitting another record high overnight. TREASURY BORROWING The Treasury will hold swap auctions for March 3, 2010, paper, and a February 17, 2010, bond. TURKCELL The mobile-phone operator postponed the release of its third-quarter financial results until Nov 12. It is expected to see a 42 percent fall in net profit, according to a Reuters poll of 13 analysts. BANK ASYA The Islamic lender on Wednesday posted a 25 percent rise in its third-quarter profit to 77.5 million lira. TURKISH AIRLINES Citigroup on Thursday said it has raised its price target for the flag carrier to 5.75 lira from 3.86 lira and has retained its "buy" rating. Turkish Airlines closed at 4.24 lira on Wednesday. DOGAN HOLDING, DOGAN YAYIN The media-to-energy group, whose unit Dogan Yayin faces a record $3.3 billion tax fine, said it will exercise its "legal rights" to fight a media campaign against it, said Hurriyet newspaper, which is owned by a Dogan company. AUTOMAKERS Sales of passenger vehicles climbed 30.1 percent in October, while light commercial vehicles jumped 45 percent, the Automotive Distributors Association said on Wednesday. Combined sales rose 3.4 months in the first 10 months of the year, it said. 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/ Keywords: TURKEY FACTORS/ ([e-mail]; [phone]; Reuters Messaging: [e-mail]) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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