GLOBAL MARKETS Oil prices surged on Monday after Saudi Arabia and other OPEC+ producers announced a surprise round of output cuts, a potentially ominous sign for global inflation just days after a slowdown in U.S. price data had boosted market optimism.
MARCH INFLATION DATA The Turkish Statistical Institute will announce inflation data for March (0700 GMT). A Reuters poll showed annual inflation was expected to slow to 51.3% even as prices continue to rise on a monthly basis.
PMI The Purchasing Managers' Index (PMI) for Turkish manufacturing in March is scheduled for release (0700 GMT).
IRAQ OIL Iraq's federal government and the Kurdistan Regional Government (KRG) have reached an initial agreement to restart northern oil exports this week, a KRG spokesman said on Sunday, and Baghdad will write to Turkey to request a resumption in pipeline flows.
S&P TURKEY OUTLOOK 'NEGATIVE' S&P Global Ratings revised its outlook for Turkey to "negative" from "stable" on Friday, citing vulnerabilities from the country's low policy rates, directed lending and regulatory control on its foreign currency positions and interest rates.
ISTANBUL INFLATION Retail prices in Turkey's largest city, Istanbul, rose 2.95% month-on-month in March for an annual increase of 73.02%, the Istanbul Chamber of Commerce (ITO) said on Saturday.
MAIN OPPOSITION Kemal Kilicdaroglu, main opposition presidential candidate, will chair a meeting of the central executive committee of his Republican People's Party (CHP) (1200 GMT).
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