Turkey: Erdogan to be sworn in as president today - TDS

In Turkey, Erdogan will be sworn in as president in Ankara today and the focus of the markets will be on his announcement of the cabinet which should take place at 9.30pm local time, according to analysts at TD Securities.

Key Quotes

“Erdogan has given little away as to the composition of the new cabinet beyond saying that it will contain mostly technocrats. The markets will be hoping for some market-friendly names in the economics team.”