US President Biden “Progress Made in Debt Talks” *Retail Sales in the UK for April, announced today, increased 0.5% month on month, decreased 3.0% year on year. The data was expected to come in at 0.3% and -2.8%, respectively. Core Retail Sales, on the other hand, increased 0.8% month on month and decreased 2.6% year-on-year. […]

Strong US Data Triggers Hawk Tone in Market… *The first quarter GDP in the USA, which we are watching today, grew by 1.3%, exceeding the expectations. The economy was expected to grow by 1.1%. Weekly Unemployment Pension Applications, another important data announced at the same time, increased less than expected and came in at the […]

FOMC Meeting Minutes to be Announced… *In the UK, the Consumer Price Index (CPI) for April, which was announced today, exceeded the expectations and increased by 1.2% monthly and 8.7% annually. Data were expected to increase by 0.8% and 8.2%, respectively. The previous data showed an increase of 0.8% monthly and 10.1% annually. Core CPI, […]

Debt Ceiling Talks in the USA Start Again Today… *In the Euro Area, the Manufacturing PMI for May, which was announced today, decreased from 45.8 to 44.6, and the Services PMI from 56.2 to 55.9. The data was expected to come at 46 and 55.6 levels, respectively. The PMI data we follow on the UK […]

Fed Bullard ‘Can Raise Rates Another 50 Bp’ * Minneapolis Fed Chairman Kashkari said today on the interest rate hike process, that there is a desire to increase interest rates or close to a pause at the June meeting, that they should protect the economy from debt default and that they are likely to go […]

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 […]