Eurozone Manufacturing PMI Falls in June; ECB Signals Further Tightening… *Today and tomorrow, we would like to remind you that there may be decreases in the trading volumes of certain products and changes in trading hours due to the “US Independence Day” holiday. *While the manufacturing PMI in the Eurozone fell to 44.8 in May, […]

30/06/2023 Evening Reports 30/06/2023 Evening Reports 30/06/2023 Evening Reports We’re Closing the Month of June with US and Euro Zone Data… The May PCE price index, a key inflation indicator in the USA, was announced at 15:30 CET. Following the data release, the US Dollar index and US 10-year bond yield slightly declined, while Ounce […]

The US Economy Has Grown Above Expectations ! FED Chairman Powell spoke about monetary policy at the ECB Forum today at 09:30 CEST. He indicated that the FED plans to raise interest rates twice more this year, highlighting the robustness of inflation and the job market. The FED places importance on the strength of the […]

FED, ECB and BOE Will Continue Tightening, BOJ Divides… *We followed the panel discussion at the European Central Bank conference held in Sintra, Portugal, with the participation of the heads of four major central banks. ECB President Lagarde, Fed Chairman Powell, BOE Governor Bailey, and BOJ Governor Ueda made statements regarding monetary policy. ECB, Fed, […]

Lagarde’s Statements and US Data Make an Impact on the Market… *We followed the Durable Goods Orders data in the US at 15:30. While the headline figure was reported at 1.7%, the core data came in at 0.6%. Despite this data coming in above expectations, it did not recover the Dollar Index, and the currency […]

It has been a day that we have been following the impact of the uprising in Russia… *In Russia, over the weekend, there was an attempted coup by the Wagner forces. Currently, there seems to be a somewhat inconclusive ceasefire in place. While there have been reports of an agreement between the Wagner forces and […]

FED/Daly: “Two interest rate increases this year are reasonable”. *Manufacturing PMI for May, which was announced today in Germany and the Euro Zone, contracted and came in at 41.0 and 43.6, respectively. Services PMI, on the other hand, showed growth by coming in at 54.1 and 52.4, respectively, although it decreased compared to the previous […]

The Bank of England (BOE) raised interest rates today… *Swiss Central Bank (SNB) raised the interest rate by 25 basis points to 1.75%, as expected, at its meeting today. In the statement, it was stated that they did not ignore the possibility of additional interest rate hikes to ensure price stability, that the SNB was […]

FED/Powell “Raising Interest Rates Considered Appropriate“ *In the UK, the Consumer Price Index (CPI) for May, announced today, exceeded the expectations and increased by 0.7% monthly and 8.7% annually. Data were expected to increase 0.5% and 8.4%. Core CPI also increased above expectations, increasing 0.8% and 7.1%, respectively. With the increase in inflation rates, the […]

ECB/Stournaras “The End of Rate Increases Nears” *In Germany, the Producer Price Index (PPI) for May decreased by 1.4% on a monthly basis, which was below the expectations, and fell to 1.0% from 4.1% year-on-year. Data was expected to be 0.7% monthly, 1.7% annually. *European Central Bank (ECB) Member Stournaras will start, will determine the […]