Free Trial

Greek Tensions Run High, as Erdogan Warns Over Aegean

TURKEY
  • Tensions between Greece and Turkey continue to run high, with ANA citing Greek sources as saying Erdogan’s claims over the Aegean islands and thinly veiled threats fell on deaf ears at a security panel he attended in Prague yesterday. Greek PM Mitsotakis is to respond to Erdogan’s claims at an informal summit with European leaders later today.
  • Dunya write that the OPEC output cut decision this week makes for ‘bad signals’ for October inflation in Turkey. Fuel prices are a particular concern, which the paper now estimate to rise by a further 5% in October alone, absent any other impacts from foreign exchange.
  • Bloomberg report that CBRT MPC member Yusuf Tuna has passed away, according to an adviser to the President.
  • The 3yr Sukuk USD bond sale was priced late yesterday at 9.758%, down from the initial price thoughts of 10.00%, with demand of $6.5bln – over double the $2.5bln offered.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.