German Treasury Department, “Current Indicators Do Not Yet Point to Sustainable Economic Recovery.” *Panic caused by the shutdown of bond trading amid debt problems and loss expectations after Chinese construction company Country Garden has been in default since 2021. Company shares fell 16 percent and hit a record low. The situation has worried the real estate industry, […]

We Followed the Expected Positive Data from the UK and the PPI Data from the US… *The UK saw better-than-expected economic indicators today. Q2 GDP surpassed predictions, growing by 0.2% quarterly and 0.4% annually (expected: 0.2%). June alone showed 0.5% growth. Industrial and manufacturing production for June exceeded projections: industrial production rose 1.8% monthly (expected: […]

US Consumer Inflation Falls Below Expectations on an Annual Basis… *The US consumer inflation data for July resulted as expected on a monthly basis. In annual data, headline inflation, which was 3.0% in June, rose to 3.2%, 0.1 points below the expectations. While no change is expected in core inflation, it decreased by 0.1 points to 4.7%. After […]

Crude Oil and Natural Gas Futures Reach Highest Level of the Year… *Ahead of the US consumer inflation data, which will be released tomorrow, there is a calm data flow today, except for Canadian construction permits and US crude oil stocks. *In the first minutes following the opening in the US indices, we follow an […]

FED/Harker: “If there is no alarming situation in the data by mid-September, interest rate can be kept constant.” *German consumer inflation increased by 0.3% monthly in July, as expected, and increased by 6.2% year-on-year. It continues to maintain its high course in inflation. * Philly Fed President Harker stated that if there is no alarming situation […]

FED/Williams: “Unemployment rate could rise above 4 percent next year.” *The negative outlook in Germany’s industrial production continued in June as well. Data decreased by -1.5% on a monthly basis, against the expectation of -0.5%, and decreased by -1.83% on a yearly basis. *Fed’s Bowman reiterated in his statement that he expects additional rate hikes. He stated […]

US Non-Farm Data Increases Volatility in Markets… *In terms of global markets, the most important data of the day was the US Non-Farm Employment Report, which was announced at 15.30.The employment change, which everyone paid attention to, came under expectations and was announced as 187,000. In addition, the data for the previous June was revised down […]

BOE and US Bonds Remained on the Agenda… *The Bank of England increased interest rates by 25 basis points in line with expectations and increased the policy rate to 5.25%. While it was stated in the statements that the tight stance would be maintained in general, it was stated that inflation was taken seriously. In September, no […]

Fitch’s Downgrade of the US Rating Was the Topic of the Day… *Last night, international credit rating agency Fitch Ratings downgraded the United States’ long-term credit rating from AAA to AA+ and changed its outlook from negative to stable. With this decision, Moody’s remains the only major credit rating agency to give the US the […]

Today’s Mode For Global Markets Is “Risk Away”… *Global markets generally moved in favor of the US Dollar during the day. In addition to the US Dollar index rising above 102.20 during the day, the US 10-year bond yield also rose to 4.04%.While the US futures stock indexes were generally selling on the day, the US […]