Services PMI data for February in the Euro Area showed growth compared to the previous month *The Services PMI data for February, which we follow today in the Euro Zone and Germany, showed a growth compared to the previous month, although it fell short of expectations. The Services PMI rose from 50.8 to 52.7 in […]

ECB President Lagarde: “50 basis point rate increase on the table” European Central Bank (ECB) President Lagarde, in her speech today, said that a 50 basis point increase in interest rates in March is on the table because inflation is still high, they should use all the tools at their disposal to reduce inflation, they […]

Inflation in Germany Is Higher Than Expected… Today, we followed the Manufacturing PMI data for February in Europe. Manufacturing PMI fell from 48.8 to 48.5 in the Eurozone and from 46.5 to 45.3 in Germany, while in the UK it rose from 49.2 to 49.3. Unemployment Rate for February, another important data announced in Germany, […]

The GDP of Switzerland Remained Below The Expectations… GDP in Turkey for the 4th quarter, which we are watching today, grew by 0.9% quarterly and 3.5% year-on-year. In the previous quarter, the economy contracted by 0.1% on a quarterly basis and grew by 3.9% on an annual basis. In 2022, while the GDP in dollar […]

Durable Goods Orders Decreased in the US… In Turkey, the Trade Balance for January, which we are watching today, increased by 38.4% and had a deficit of 14 billion 237 million dollars. In January, Exports increased by 10.3% to 19 billion 369 million dollars, while Imports increased by 20.7% to 33 billion 606 million dollars. […]

PCE Price Index Increases in the USA… In Germany, the GDP for the fourth quarter, announced today, fell short of expectations and shrank by 0.4% on a quarterly basis and grew by 0.3% on an annual basis. The economy was expected to contract by 0.2% quarter-on-quarter and grow 0.5% year-on-year. In his speech, German Central […]

CBRT Lowered Interest Rate As Expected… The Consumer Price Index (CPI) for January, which we track in the Euro Zone, decreased by 0.2% month on month as expected and increased by 8.6% year on year. In the previous data, CPI was -0.4% and 9.2%, respectively. Core CPI for January, on the other hand, decreased 0.8% […]

FOMC Meeting Minutes to be Announced… *FED FOMC Member Bullard said in his speech that the FED would have to increase the interest rate above 5% to stop inflation, that they thought they could pull inflation down while maintaining a strong labor market, that the markets may have overpriced the risk of recession in 2023, […]

While the Manufacturing Sector Shrinks in the Euro Zone, the Service Sector Grows… In Germany, the Manufacturing PMI for February, announced today, dropped to 46.5 from 47.3, while the Services PMI rose to 51.3 from 50.7. Likewise, in the Euro Area, Manufacturing PMI fell from 48.8 to 48.5, while Services PMI rose to 53.3 from […]

Consumer Confidence In The German Economy Slightly Increased In 2023… Since US markets were closed today, data traffic was very low and market volatility remains low. While EURUSD parity continues to stay above 1.0655 that it tested last Friday, Ounce Gold is at 1846 levels. The US 10-year Treasury yield is at 3.81%. Construction Production […]