Turkey - Factors to Watch on Nov 11

ISTANBUL, Nov 11 (Reuters) - Here are press reports, news and events that could affect Turkish financial markets on Wednesday. The lira was trading at 1.4740 against the dollar in early trade, compared with a close of 1.4730 on Tuesday. The yield on the Aug. 3, 2011 benchmark bond fell to 8.60 percent from the previous day's 8.65 percent. The main share index rose 0.75 percent to 48,135.09. GLOBAL MARKETS Asian stocks rose for a fourth day on Wednesday as reports showed Chinese factory output jumped to a 19-month high in October, while the ailing U.S.

dollar hovered near a 15-month low. Oil edged above $79 a barrel, after dipping a day earlier, as signs of robust economic growth in China offset mildly bearish U.S. industry data showing surprise increases in crude and distillate stockpiles. CURRENT ACCOUNT Turkey's current account posted a deficit of $869 million in September, steeper than expected, but down 8.7 percent on the year due to a fall in imports. Once the country's economic weak spot and a major government headache, Turkey's current account deficit in the nine months to the end-September fell to $8.64 billion -- 76 percent down on the same period a year earlier. ANADOLU EFES Brewer Anadolu Efes is expected to release its third-quarter earnings on Wednesday. The brewer's net profit is seen rising 43 percent in the third quarter to 185 million lira as Turkey's beer and soft-drinks market remained resilient and a weaker dollar benefited Eastern European operations. TURKISH AIRLINES Turkish Airlines, Europe's fourth-largest carrier, is also expected to release earnings for the third quarter on Wednesday. Net profit is seen down 33 percent in the third quarter after revenues took a hit from lower airfares and the value of its planes fell in dollar terms. Consolidated net income probably declined to 274 million lira ($186 million) on sales of 2.09 billion lira, according to the average forecast in a Reuters poll of 11 analysts. TUPRAS Turkey's sole refiner Tupras is expected to release its third-quarter earnings statement on Wednesday, and is seen posting 260 million lira net profit. POWER GRID TENDER Yildizlar 3S Holding, which made the highest bid of $485 million in a tender for the Osmangazi distribution grid in northwest Turkey last week, could only provide five million lira out of a required six million lira required by the energy market regulator as a deposit, Haberturk newspaper reported. 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]; Telephone: [phone]; Reuters Messaging: [e-mail]) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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