ISTANBUL, May 12 (Reuters) - The Turkish lira and stocks pushed higher on Monday on the back of gains in major Asian markets and on expectations of more robust earnings results for Turkish companies on this last day for listed firms to report their first quarter earnings.
Traders said the Ukraine crisis was having little impact on Turkish markets for now, though investors would keep a wary eye on developments in Turkey's Black Sea neighbour, where pro-Moscow rebels declared a resounding victory on Sunday in a referendum on self-rule for eastern Ukraine.
The main stock index
"(We are seeing) positive trade in equities with
He said strong buying of Garanti Bank
Many companies including carmaker Tofas
It has been a positive earnings season so far for Turkish companies. The biggest banks including Akbank
Turkey's lira
"There are no global or local developments to break the technical resistance levels. We may observe some profit taking again today just like on Friday," said an Istanbul-based bank's forex trader.
"Geopolitical risks and a chance that the central bank will cut rates are factors that will limit the downside potential in the lira/dollar rate," the trader added.
The two-year benchmark bond yield
(Writing by Ece Toksabay; Editing by Gareth Jones)
((ece.toksabay@thomsonreuters.com)(+90 212 3507052)(Reuters Messaging: ece.toksabay.reuters.com@reuters.net))
Keywords: MARKETS TURKEY/




















