Turkey - Factors to Watch on Aug 25

Turkey - Factors to Watch on Aug 25

ISTANBUL, Aug 25 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Thursday.

The lira TRYTOM=D3 traded at 18.1595 against the dollar at 0401 GMT, unchanged from its closing level on Wednesday.

The main BIST 100 share index .XU100 closed 1.96% lower at 3,060.30 points on Wednesday.

GLOBAL MARKETS

Asian share markets were broadly positive while the dollar was slightly weaker on Thursday, with investors nervously awaiting the U.S. Federal Reserve's annual Jackson Hole conference for clues on how sharp future interest rate hikes might be.

CENTRAL BANK REFERENCE RATE

Turkey's central bank lowered its reference interest rate to 15.34% for September, from 16.32% in August, according to an official document, in a move that is likely to lower interest rates on corporate loans.

CAPACITY USAGE TRCAPU=ECI

Turkey's central bank will release data on capacity utilisation for August (0700 GMT).

MANUFACTURING CONFIDENCE TRGRWT=ECI

The central bank will also release data on manufacturing confidence for August (0700 GMT).

CENTRAL BANK MINUTES TRINT=ECI

The central bank will publish the minutes of its monetary policy committee meeting last week, where it shocked markets by cutting its main interest rate by 100 basis points to 13%, saying it needed to keep driving economic growth despite inflation hitting nearly 80%.

CENTRAL BANK DATA TRNFR=ECI

The central bank will release its weekly data on foreign exchange reserves and holdings (1130 GMT).

U.S. VISAS

The United States promised on Wednesday to expand its visa processing capacity in Turkey, moving to defuse a dispute that has threatened to further strain already difficult relations between the NATO allies.

For other related news, double click on:

Turkish politics TR-POL

Turkish equities TR-E

Turkish money TR-M

Turkish debt TR-D

Turkish hot stocks TR-HOT

Forex news FRX

All emerging market news EMRG

All Turkish news TR

For real-time quotes, double click on:

Istanbul National-100 stock index .XU100 , interbank lira trading IYIX= , lira bond trading 0#TRTSYSUM=IS (Compiled by Daren Butler)