FED/Logan “Data Doesn’t Support Skipping Rates“ *Weekly Unemployment Benefit Applications, which we tracked in the USA, came in at the level of 242 thousand people, below the expectations. The data was expected to come at the level of 254 thousand. Philadelphia Fed Business Index, another important data announced at the same time, came in at […]
Discussions on Debt Limit in the USA Continue… *In the Euro Area, the Consumer Price Index announced for April increased by 0.6% on a monthly basis and by 7.0% on an annual basis. Data was expected to increase 0.6% monthly and 7.0% annually. Core CPI, on the other hand, came in as expected, increasing 1.0% […]
Speaker of the US House of Representatives “No Progress in Debt Ceiling Talks” The Unemployment Rate for March in the UK, announced today, rose from 3.8% to 3.9%. While 182 thousand people were employed in March, the number of unemployed increased by 46,700. The GDP that we tracked for the first quarter in the Euro Area […]
FED/Bostic “No Rate Cut Until 2024“ * In the statement made by the People’s Bank of China (PBOC) on monetary policy today, it was stated that interest rates will be kept reasonable and appropriate, prudent monetary policy will be firm and firm, liquidity will be reasonably plentiful and the Yuan exchange rate will be basically […]
US PPI and UK’s Interest Rate Cut Are On The Agenda… * The Bank of England’s policy decision announced today came in the direction of a 25 basis point increase in interest rates in line with the expectations and increased the interest rate to 4.5%. The decision was passed by 2 votes to 7. *Bank […]
We’ll See if US Inflation Relieves the FED! * The US inflation, announced at 15.30 today, was surprisingly at 4.9% on the headline side. The fact that food inflation remained stable at 0% was recorded as one of the important factors that lowered annual headline inflation. *The continuation of the fall in headline inflation brought […]
Inflation and Policy Statements From ECB Members Are On The Agenda… *The Minister of Energy of the United Arab Emirates stated that they are not worried in the oil market for the short term and that they can balance the supply/demand relationship. There are still concerns for the long term, so it is said that […]
US Inflation Will Revive A Calm Started Week… *Global markets started the new week calmly due to the UK holiday. US futures stock indexes continued to maintain their upward trend from last Friday. *Inflation data coming from both Germany and the USA on Wednesday will be very important in the new week and will greatly […]
US Non-Farm Employment Data Exceeded Expectations… * Nonfarm payrolls in the US increased by 253,000 in April, beating expectations of 180,000. In the face of the stubbornness in inflation, the improvement in employment continued in April. After the release of non-farm employment data, the dollar index appreciated. The unemployment rate in the USA fell from […]
Tonight at 21:00 We Will Follow the FED’s Interest Rate Decision… 25 Base Points Increase and Details at ECB Interest Rate Meeting… *The other day, after the Fed’s decision to increase interest rates by 25 basis points, the ECB decided to increase it to 3.75% with a 25 basis point increase in interest rates. In […]