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Ankara Preparing for Syrian Incursion

TURKEY
  • Cumhuriyet reports that following the end of the joint patrols between Russian and Turkey in Syria (part of the Sochi Agreement made in 2019), Turkey is now taking up arms in preparation for further operations in northern Syria. Russia’s foreign ministry have urged Turkey not to conduct fresh incursions into Northern Syria “that could lead to a dangerous deterioration of the already difficult situation”.
  • CPI data is due at 10am local time (0800BST / 0300ET) with markets expecting M/M CPI to slow to 4.00% and Y/Y to creep higher to 74.70%.
  • Sozcu reports that new regulations that stipulate a notification must be made if a house is sold or rented on the internet could prompt a wave of new hikes in housing prices across the country.

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