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 […]

Impressions from the Last Trading Day of July… *The balance sheet period, which started in international stocks, will continue with the announcement of Apple and Amazon’s balance sheets in the new week.-1 August Tuesday Pfizer; Merck, AMD and Starbucks-2 August Wednesday; Qualcomm-3 August Thursday; We will follow Amazon and Apple. *We followed the inflation and economic growth […]

PCE Price Index Increase Rate Decreased in USA… *GDP in Germany for the second quarter shrank by 0.2% quarter-on-quarter, below the expectation of 0.1%. GDP contracted by 0.6% on an annual basis. *After the ECB’s interest rate hike decision yesterday, ECB Members made statements today. ECB Member Simkus said at the September meeting that there will be […]

ECB Increases Interest Rate… *As expected, the European Central Bank (ECB) increased the policy rate by 25 basis points to 4.25% at its meeting today. In the statement, it was stated that inflation continues to decrease, but it is expected to remain high for a long time and the ECB is determined to ensure that inflation […]

FED Will Announce Its Interest Rate Decision… *FED will announce the interest rate tonight at 21:00. The interest rate is expected to be increased by 25 basis points to 5.50%. After the interest rate decision, FED Chairman Powell will make a statement at 21:30. Powell is expected to make statements on whether or when the rate hike process […]

Consumer Confidence Rises in the USA… *The Ifo Business Confidence Index for July, which we are following today in Germany, decreased from 88.5 to 87.3, and the IFO Current Conditions Index decreased from 93.7 to 91.3. The data was expected to come at the level of 88.0 and 93.0, respectively. *In the assessment made by the […]