*Industrial Production for July, announced today in the UK, was below expectations, showing a monthly decrease of 0.7% and an annual increase of 0.4%. Manufacturing Production, on the other hand, came above expectations, showing a monthly decrease of 0.8% and an annual increase of 3.0%. The Trade Deficit for July also decreased from $15.46 billion to $16.06 billion. Following these data, UK GDP grew by 0.2% on a quarterly basis and remained unchanged on an annual basis.

*The Consumer Price Index (CPI) for August, announced today in the USA, increased by 0.6% monthly and 3.7% annually. The previous data increased by 0.2% and 3.2% respectively. Core CPI increased by 0.3% monthly and 4.3% annually. Core CPI was realized as 0.2% monthly and 4.7% annually in July. Following inflation data, the probability of the FED leaving interest rates unchanged at its meeting on September 20 was 95%. Although the dollar index moved in a positive direction at first after the US inflation data, it soon returned this positive movement. However, we see that inflation pressures still continue on the US side. EURUSD parity is at 1.0740, Ounce Gold is at 1913 and the US 10-year bond interest is at 4.28%.

*In the assessment made by the International Credit Rating Agency FITCH, it was stated that the world economy will probably grow somewhat rapidly in 2023 and that the world economy outlook is expected to deteriorate with the increase in risks in China in 2024. 

Agenda of the Day;
17:30 (GMT+3) US Crude Oil Stocks
21:00 (GMT+3) US Budget Balance