World Bulletin / News Desk
The market will watch Merkel's next move; whether she sets up a minority government or calls a national election.
In another important development, October figures of previously owned homes and durable goods orders in the U.S. will be announced on Monday.
In the domestic market, the Turkish Central Bank's lira-settled forward foreign exchange auctions will take place on Monday. The auctions will be held for one-month, three-month and six-month maturities.
The bank will hold a one-month maturity auction worth $150 million, a three-month maturity auction worth $100 million and a six-month maturity auction worth $100 million. The bank plans for the maximum amount of forex sale to be $3 billion until end of the year.
Also on Monday, the central government's debt stock data for October will be announced by the Treasury.
The Turkish lira rose to 3.8620 against the U.S. dollar on Monday’s opening, compared to 3.8825 on Friday’s close.
Gold prices were down 0.13 percent at $1,290 per ounce at 0732 GMT on Monday.
On Friday, Turkey's benchmark stock index closed the last week down 0.69 percent at 106,239.46 points.
International benchmark Brent crude oil hovered over $62.50 per barrel on Monday, down 12 cents from its last close, at 0732GMT.
The ten-year benchmark bond in Turkey was traded at 12.57 percent, 9 base points above its previous close on Friday.
Data monitoring company IHS Markit also flagged a slight slowdown in France, where strikes were interrupting a resurgent boom on the back of government reforms.
Treasury reports central government debt stock in March rises around 15 pct year-on-year, reaching nearly $235 billion
Sales to foreigners amounted to 1,827, 15.8 pct rise year-on-year, according to official report
BIST 100 slips 0.15 percent; US dollar/Turkish lira exchange rate stands at 4.0460
BIST 100 rises 0.01 percent; US dollar/Turkish lira exchange rate drops to 4.0250
Fresh hopes that Donald Trump and North Korea's leader Kim Jong Un will hold a historic summit within months also provided some much-needed optimism.
The fund cautioned that investors and financial markets expect a steady approach to monetary tightening based on the belief inflation will remain relatively tame.
Turkey's assets abroad go up 2.4 percent at end of February 2018, compared to end of 2017: Turkish Central Bank
BIST 100 decreases 0.12 percent; US dollar/Turkish lira exchange rate stands at 4.1020
Hong Kong and China ended down after fluctuating through the morning on data showing the world's number two economy expanded in January-March at the same rate as the previous three months.
For Turkey, Germany is a very important, indispensable partner: Turkish Energy Minister Albayrak says in Berlin
BIST 100 rises 0.69 percent; US dollar/Turkish lira exchange rate stands at 4.0830
The United States, Britain and France carried out attacks at the weekend on alleged chemical weapons facilities, in response to what they say was a toxic gas attack by the Russia-backed Assad regime a week before.
Excluding interest payments, central government budget balance saw surplus of nearly $500M in first quarter of 2018
London's FTSE 100 index fell 0.1 percent to 7,254.83 points, with UK advertising giant WPP diving four percent after chief executive Martin Sorrell resigned over the weekend.