Turkey – Factors to watch on July 2

July 2, 2025 admin-dominor

Here are news, reports and events that may affect Turkish financial markets on Wednesday.

The lira USDTRY traded at 39.8640 against the U.S. dollar at 0500 GMT, compared with a close on Tuesday of 39.8100.

The main BIST 100 share index XU100 closed 1.33% higher at 10.080.35 points on Tuesday.

GLOBAL MARKETS

Asian stocks stumbled on Wednesday and the dollar languished near 3-1/2-year lows as investors pondered the prospect of U.S. interest rate cuts and the scramble for trade deals ahead of President Donald Trump’s July 9 deadline for tariffs.

ERDOGAN

President Tayyip Erdoğan to attend AK Party Women’s Branch R&D Directorate’s “Leadership School Camp” at party headquarters. (0700)

TRADE MINISTER

Trade Minister Omer Bolat to announce June foreign trade data and attend the opening of the Turkmenistan Export & Food Products Fair. (0700)

MAIN OPPOSITION

CHP leader Ozgur Ozel will visit his party’s provincial office and the Izmir Metropolitan Municipality.

CARTOON

Erdogan on Tuesday condemned as a “vile provocation” a cartoon in a satirical magazine that appeared to depict Prophets Mohammad and Moses, amplifying an outcry by religious conservatives after the arrest of four cartoonists.

PKK DISARMAMENT

The Kurdistan Workers Party (PKK) could start handing over its weapons within days, a spokesman for Turkey’s ruling AK Party said on Tuesday, the clearest sign yet that efforts to secure the outlawed group’s disarmament may be nearing a breakthrough.

NATURAL GAS

Turkish authorities are set to raise natural gas prices for industrial and residential users from Wednesday, Turkey’s EPDK energy regulator said on Monday.

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