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Blinken to Meet Turkish ForMin, Economic Confidence Falls in April

TURKEY
  • US Secretary of State Antony Blinken will meet with Turkish Foreign Minister Hakan Fidan later today. The meeting comes as part of Blinken’s visit to Saudi Arabia, where he will meet with the Saudi Foreign Minister as well as representatives from Egypt, Jordan, Qatar, United Arab Emirates, and the Palestinian Authority.
  • Turkey is in discussions to buy LNG from Exxon Mobil Corporation in a potential deal that could be worth several billion dollars, according to the Financial Times. Turkey could get up to 2.5 million tons of LNG per year with financial terms still being discussed on a deal that could run for 10 years, the FT reported on Sunday citing the country’s energy minister.
  • Turkey's economic confidence fell to 99.002 in April from 100.049 in March, according to the Turkish Statistical Institute.
  • There are no other data releases on the docket today. Trade balance figures for March (Est: -$7.50bn; Prior: -$6.77bn) and CPI data for April (Est: +70.10% Y/Y; Prior: +68.50%) provide the highlights on Tuesday and Friday, respectively.
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  • US Secretary of State Antony Blinken will meet with Turkish Foreign Minister Hakan Fidan later today. The meeting comes as part of Blinken’s visit to Saudi Arabia, where he will meet with the Saudi Foreign Minister as well as representatives from Egypt, Jordan, Qatar, United Arab Emirates, and the Palestinian Authority.
  • Turkey is in discussions to buy LNG from Exxon Mobil Corporation in a potential deal that could be worth several billion dollars, according to the Financial Times. Turkey could get up to 2.5 million tons of LNG per year with financial terms still being discussed on a deal that could run for 10 years, the FT reported on Sunday citing the country’s energy minister.
  • Turkey's economic confidence fell to 99.002 in April from 100.049 in March, according to the Turkish Statistical Institute.
  • There are no other data releases on the docket today. Trade balance figures for March (Est: -$7.50bn; Prior: -$6.77bn) and CPI data for April (Est: +70.10% Y/Y; Prior: +68.50%) provide the highlights on Tuesday and Friday, respectively.