December 1, 2025 – Turkish financial markets are expected to track a series of domestic and global developments on Monday.

The lira was quoted at 42.4900–42.5200 per U.S. dollar early Monday, slightly below Friday’s close of 42.5220. The BIST 100 index ended Friday down 0.43% at 10,898.70 points.

Global Markets:
Stocks turned lower as risk aversion returned after a strong November, even amid optimism over potential U.S. rate cuts. The yen strengthened as investors considered the possibility of a rate hike this month.

Domestic Events:

• Cabinet Meeting: President Tayyip Erdogan will chair a session likely covering the Kurdish PKK insurgency, Syria, Ukraine, and economic issues. (1200 GMT)
• GDP Data: The Turkish Statistical Institute will release Q3 GDP figures. Economists expect 4.2% growth for Q3 and 3.6% for 2025. (0700 GMT)
• Banking Sector Data: The BDDK watchdog will report October figures. (1100 GMT)
• PMI Index: The Istanbul Chamber of Industry will publish November manufacturing PMI data. (0700 GMT)
• Istanbul Inflation: November inflation data for Turkey’s largest city will be released. (0900 GMT)
• Presidency Budget: Vice President Cevdet Yilmaz will discuss the draft 2026 budget in parliament. (0700 GMT)

Other Notable Developments:

• Black Sea Tanker Strikes: Ukrainian naval drones targeted two sanctioned tankers bound for Russia, adding pressure on the country’s oil industry.
• Turkish Tanker Incident: Senegalese authorities responded to water entering the engine room of the Panamanian-flagged Mersin tanker, owned by Turkey’s Mersin Shipping Inc.

Investors will be closely monitoring these events for potential impacts on Turkey’s currency, equities, and broader financial markets.