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CPI Data on the Docket; Grain Deal Talks Were “Positive”

RUSSIA
  • Talks between Russia, Ukraine, UN and Turkey to extend Ukraine’s grain-export deal are headed toward a resolution, state news agency Anadolu reported citing Turkey’s Defense Minister. Talks that took place in Istanbul for an extension of the grain deal earlier this week were “positive,” Defense Minister Hulusi Akar said.
  • Turkish Presidential candidate and leader of the opposition Kemal Kilicdaroglu issued a statement on Twitter accusing Russia of attempting to influence the outcome of the May 14 elections by disseminating disinformation. Under the leadership of Erdogan, Turkey developed close ties with the Kremlin, whereas Kilicdaroglu has vowed to repair Turkey’s strained ties with its US-led Western allies if elected.
  • The Federal Statistics Service will report CPI data for April at 1700BST/1900 local time (Est: 2.40% y/y; Prior: 3.51%).

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