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.
The dollar was up versus the yen but down against the euro and pound, with all eyes on US President Donald Trump's summit with Russian counterpart Vladimir Putin in Helsinki.
Tax revenues totals nearly $72.1 billion while interest payments amounts to over $8.2 billion in January-June period
BIST 100 rises over 700 points; USD/TRY exchange rate stays at 4.8360
Country's egg, chicken, turkey, and meat production climbed in May on yearly basis, says official data
BIST 100 rises over 400 points, while USD/TRY exchange rate drops to 4.8460
Saudi Arabia intends to invest as much as $10 billion in South Africa’s economy, with a focus on energy projects
Share of young people in Turkey age 15-24 who are not in employment, education, or training down 4.5 pct in Q1 year-on-year
Treasury and Finance Minister Berat Albayrak says effective Central Bank is among main policy targets of new era
The European Commission, the EU's executive arm, said the 19-country single currency bloc would expand by 2.1 percent in 2018, lower than the 2.3 percent forecast just weeks ago in early May.
Country's central government research and development expenditures rise by 17.5 percent year-on-year in 2017
The IEA welcomed in its July report last month's agreement between the Organization of the Petroleum Exporting Countries (OPEC) and Russia to open the taps in order to bring prices down from multi-year highs.
In its monthly report, the Organization of the Petroleum Exporting Countries said buoyant world trade in 2017 and 2018 had helped impulse economic growth, and therefore demand for crude.
12-month rolling deficit stands at $57.6 billion, Turkish central bank says
BIST 100 slips over 1.03 points, while USD/TRY exchange rate at 4.7260
Housing prices up 4.5 pct in Q4 2017 compared to previous year, says Eurostat