ECB’s Statements Are Falcon, But The Dollar Market Is Tightening Again… According to the Central Bank of the Republic of Turkey (CBRT) Market Participants Survey, the year-end inflation expectation rose to 35.76% in February. The expectation in January was 32.46%. According to the data of the Turkish Statistical Institute (TUIK), house sales in January increased […]
Strong PPI Data in the USA Reinforced the FED’s Rate Increase Signals… Producer Price Index (PPI) data in the USA came in above expectations. PPI increased by 0.7% in January, above the expectations of 0.4%. Compared to the same period of the previous year, it increased by 6.0%, above the 5.4% expectation. Core PPI, on […]
US Retail Sales Data Released Positive Than Expected… According to the statement made by the Ministry of Treasury and Finance, in January 2023, central government budget expenditures were announced as 321.3 billion TL, budget revenues as 289.1 billion TL and budget deficit as 32.2 billion TL. The primary deficit was realized as 10.9 billion TL. […]
Inflation in the USA Continues Its Monthly Rising… Gross Domestic Product (GDP) growth data in the Euro Area were announced as expected. In the 4th quarter of 2022, 0.1% growth was recorded. On an annual basis, there was a growth of 1.9% in the 4th quarter. Although the growth in the Euro Zone has decreased […]
US Stock Market Indices Started The Week Positive… US stock indices started the session slightly positive on the calm day on the global side. US futures were positive throughout the day. US 10-year bond yield is 3.70% and 2-year yield is 4.55%. FED member Bowman, in his statement during the day, stated that the labor […]
Russia “We Will Not Sell Oil To Those Who Apply Price Ceiling” Industrial Production in Turkey for the month of December, which we follow today, increased by 1.6% monthly and decreased by 0.2% annually. The monthly increase in Industrial Production was led by the increases in the Mining and Manufacturing Industry. Apart from this data, […]
Rising Signals in Germany Leading Inflation Draw Attention… Bank of England (BOE) Governor Bailey said in a speech today that he is concerned that inflation will persist, so he voted to raise interest rates, that they should see more evidence of easing inflationary pressures, that a major recession is needed to keep inflation at 2% […]
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 […]
FED/Kashkari: “We Are Determined To Lower Inflation” *European Central Bank (ECB) member Villeroy said in a statement that inflation is not far from the peak level and that he does not think it is necessary to choose between fighting inflation and avoiding a recession. * In his speech today, FOMC Member Kashkari said that the […]
US Treasury Secretary Yellen: “Inflation Remains High” *In the Euro Zone, the Construction PMI for January, announced today, rose from 42.6 to 46.1, and in Germany from 41.7 to 43.3. In England, there was a decrease from 48.8 to 48.4. Apart from these data, December Retail Sales, another important data we follow in the Euro […]