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Local Markets Closed Over Public Holiday

TURKEY
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  • Note that local markets are closed today as Turkey celebrates ‘National Sovereignty and Children's Day’. As such, local news flow has been limited today with no speaker events or data releases scheduled for release.
  • Mehmet Simsek is facing criticism, including from a key government ally, for describing citizens as “locals” during an event in the US, Bloomberg report. Nationalist Movement Party leader Devlet Bahceli, whose support gives President Erdogan a majority in parliament, said that the use of the word to describe Turks “degrades the Turkish nation.” The row comes at a sensitive time for Erdogan, who’s seeking to consolidate support after a historic local-election loss.
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  • Note that local markets are closed today as Turkey celebrates ‘National Sovereignty and Children's Day’. As such, local news flow has been limited today with no speaker events or data releases scheduled for release.
  • Mehmet Simsek is facing criticism, including from a key government ally, for describing citizens as “locals” during an event in the US, Bloomberg report. Nationalist Movement Party leader Devlet Bahceli, whose support gives President Erdogan a majority in parliament, said that the use of the word to describe Turks “degrades the Turkish nation.” The row comes at a sensitive time for Erdogan, who’s seeking to consolidate support after a historic local-election loss.