European markets are heading for a flat to mixed open on Monday as investors in the region focus on the results of Turkey's presidential election.
Turkey is heading for a runoff vote
after neither incumbent President Tayyip Erdogan nor his rival Kemal Kilicdaroglu won an outright majority. Supporters of Turkish President Tayyip Erdogan attend a rally ahead of the May 14 presidential and parliamentary elections, in Istanbul, Turkey, on May 12, 2023.With neither candidate clearing the 50% threshold needed to avoid a second round, another vote will be held on May 28, according to Reuters.
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