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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.
TURKEY
Muharrem İnce has withdrawn from the presidential election, providing a boost the the chances that main opposition candidate Kemal Kılıçdaroğlu wins in the first round of the election taking place 14 May. İnce will remain on the ballot as his withdrawal is too late to reprint papers. Ragip Soylu at MEE: "İnce says he withdraws after 45-days-long slanderous attacks and he pulls out of the race because he doesn’t want opposition to blame him. “So they don’t have any excuse”."
- İnce has not endorsed Kılıçdaroğlu, but his Motherland Party is anti-Erdoğan and broadly pro-EU, meaning that its voters are more likely to shift support to Nation Alliance candidate Kılıçdaroğlu. For more info see previous bullets: https://marketnews.com/ince-presser-2pm-local-time... and https://marketnews.com/kilicdaroglu-leads-in-final...
- Data from political betting markets shows Kılıçdaroğlu as the favourite, with a 58.8% implied probability of winning to Erdoğan's 45.5% (total sums to more than 100% due to bookmaker's profit).
Chart 1. Betting Market Implied Probability of Winning Presidential Election, % (Kılıçdaroğlu-Red, Erdoğan-Gold)
Source: Smarkets
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.
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