PMI Data From Different Regions Over 50 Neutral Regions… *In Germany, Services PMI in March rose to 53.7 even though it was below the 53.9 expectation. The data was announced as 50.9 last month. Composite PMI rose to 52.6 as expected. The data was announced as 50.7 last month. *In the Euro Area, the Services […]

Producer Inflation Decreased in the Euro Zone… * In the Euro Area, PPI data for February decreased from 15.1% to 13.2% annually, while it was recorded as -0.5% from -2.8% monthly. Although the decrease in producer prices continued in monthly data, it slowed down in February. However, annual data remains high. * In his speech, […]

PCE Price Index Increase Rate Decreased in USA… *The UK’s fourth-quarter GDP, announced today, exceeded expectations and grew by 0.1% quarterly and 0.6% year-on-year. The data was expected to come in at 0.0% and 0.4%, respectively. The Housing Price Index, another data we follow in the UK, came in at -0.8% monthly and -3.1% annually, […]

US Economy Grows 2.6% in 2022… *The European Central Bank (ECB) released its monthly report today. In the report, it was stated that price pressures in the global economy continued to be high, that the strong labor market, increased confidence in the medium term and the recovery in real incomes could support the recovery in […]

FED Interest Rate Expectations Changed After the Banking Crisis in the USA… *After consecutive bank failures in the USA, there was a rapid retraction in the treasury bond yields. While 2-years decreased to 3.99%, 10-years decreased to 3.41%. *The Bank of England announced that the UK units of Silicon Valley Bank, which was declared bankrupt […]

US Yield Curve Historically Negative… *The U.S. yield curve displays a strongly negative image, which is rare in history. The difference between the 2-year and 10-year bond yields rose to 104 basis points. This keeps recession concerns alive in the US. Despite this divergence, US futures stock indexes do not fall sharply. On this side, […]

Services PMI data for February in the Euro Area showed growth compared to the previous month *The Services PMI data for February, which we follow today in the Euro Zone and Germany, showed a growth compared to the previous month, although it fell short of expectations. The Services PMI rose from 50.8 to 52.7 in […]

ECB President Lagarde: “50 basis point rate increase on the table” European Central Bank (ECB) President Lagarde, in her speech today, said that a 50 basis point increase in interest rates in March is on the table because inflation is still high, they should use all the tools at their disposal to reduce inflation, they […]

We Will Follow FOMC Member Waller’s Speech… *US API Crude Oil Stocks, which we tracked in the USA at night, decreased by 2,184 million barrels. Stocks were expected to increase by 2,150 million barrels. Crude Oil continued to rise with the effect of decreasing stocks. Today at 18:30 (GMT +3), the official Crude Oil Stocks […]