Inflation Expectations Decreased in the USA… Inflation Expectations Decreased in the USA… US Personal Consumption Expenses (PCE) were announced today at 16:30. On an annual basis, the core index came in at 4.4% as expected. The previous figure was 4.7%. Reduction in expenditures will be an important factor that will positively affect inflation. A data […]

US Economy Growth by 2.6%… CBRT Chairman Şahap Kavcıoğlu made statements regarding the inflation report published today. In the statement made, he stated that the inflation rate in 2023 will be between 17.8 percent and 26.9 percent at the end of the year with a 70 percent probability, and between 4.0 percent and 13.7 percent […]

ECB Member Makhlouf “Required Rate Increases” Today, the Capacity Utilization Rate in Turkey was announced as 75.3% with a 1.2% decrease. Manufacturing Confidence rose from 97.8 to 101.7. In its statement, the CBRT stated that in the evaluations for the last three months, the trend in favor of those who reported an increase in their […]

We Followed PMI Data in Global Markets… The Consumer Confidence Index for February, published by GFK in Germany, was announced as -33.9. Last month, it was announced as -37.6. Although Consumer Confidence continues its negative course, it continues on the path of recovery for 4 consecutive months. Manufacturing PMI for January, another important data we […]

ECB Members “At least 2 50-Point Interest Rate Increases Eligible” The Consumer Confidence Index for January, which we follow in Turkey today, rose from 75.6 to 79.1%. Apart from this data, the Financial Situation Index of the Household increased from 57.4 to 61.6 and the General Economic Situation Expectation Index rose from 77.3 to 82.7. […]

BOJ Statements Are On The Agenda As FED Members Enter Blackout… As we close the week, our eyes were on the US 10-year bond yield, Ounce Gold and Dollar Index. The US 10-year bond yield, which declined to 3.32% during the week, has been reacting since yesterday and has reached 3.5% again today. The US […]

ECB Minutes and Lagarde Falcon Tone Keeps Defending… ECB President Lagarde made statements as if to reaffirm his determination that the European Central Bank will continue its tightening policy. In today’s speech, Lagarde was asked why he was unable to persuade the market about the tightening policy, “asking market participants to reconsider their positions.” He […]

US Data Continued Weakening Dollar Index… The key data from the US during the day included the Producer Price Index and Retail Sales. USA – PPI (monthly): -0.5% (Previous: 0.2%) USA – PPI (annual): 6.2% (Previous: 7.3%) USA – Core PPI (monthly): 0.1% (Previous: 0.2%) USA – Core PPI (annual): 5.5% (Previous: 6.2%) When we […]

Our Attention Will Be On The Bank Of Japan Towards Morning! Although the economic data for the 4th quarter from China in the Asian session last night was above the expectations, it clearly showed the slowdown trend. This slowdown of China, which repeated the Covid closures in the last quarter of 2022, is extremely normal. […]

Davos and the Bank of Japan Could Be Important This Week… The markets will be closed on the first trading day of the new week, as it is Martin Luther King Day in the USA. Early closing is expected for many futures instruments. The Bank of Japan meeting will take place this Wednesday morning. BOJ […]