Turkey - Factors to Watch on Feb 2

> The lira IYIX= was trading at 1.5770 against the dollar on the interbank market in early trade after closing at 1.59 on Tuesday. On Tuesday, the main Istanbul share index .XU100 rose 2.44 percent to 64,822.62, while the yield on the benchmark Nov. 7, 2012 bond <0#TRTSYSUM=IS> fell to 8.12 percent from 8.19 percent a day earlier. GLOBAL MARKETS Asian stocks jumped on Wednesday and the dollar slipped as a surge in U.S. manufacturing and strong company earnings convinced investors to pile back into riskier assets despite turmoil in Egypt.

"Commodities prices remained high, bolstering shares of resources firms, with copper at record peaks near $10,000 a tonne on signs that the global economy is gathering strength, while Brent crude held above $100 per barrel -- its highest since October 2008"Commodities prices remained high, bolstering shares of resources firms, with copper at record peaks near $10,000 a tonne on signs that the global economy is gathering strength, while Brent crude held above $100 per barrel -- its highest since October 2008. [nLDE71102J] FINANCE MINISTER Outflows of short-term foreign capital from Turkey amounted to just over $8 billion as a result of measures against "hot money", Sabah newspaper on Wednesday quoted Finance Minster Mehmet Simsek as saying. Simsek also said the government was making a serious effort to slow down the economy in the run up to the parliamentary election in June, the Milliyet daily reported. [nLDE711030] ECONOMY MINISTER Economy Minister Ali Babacan says the biggest risk for the economy this year is Europe and the second biggest risk is the United States, Yeni Safak newspaper reports. RETAIL SECTOR The head of the Shopping Centre Investors Association says 25 shopping malls will be opened in 2011 and they will create employment for 35,000 people, Milliyet newspaper reports.

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