Manufacturing Sector in Europe Shrinked… Retail Sales in Germany for October decreased more than expected. Retail Sales decreased by 2.8% month on month and 5.0% year on year. Data were expected to decrease by 0.6% and 5.0%, respectively. In Europe, we followed the Manufacturing PMI data for November today. Manufacturing PMI shrank in Germany, the […]

Turkish Economy Grows by 3.9%… Turkey’s 3rd quarter GDP, announced today, shrank by 0.1% on a quarterly basis and grew by 3.9% on an annual basis. GDP had grown by 2.1% and 7.6% in the previous quarter, respectively. Financial and insurance activities and information and communication activities made the biggest contribution to the annual growth […]

Inflation Decreased in Germany… Exports, which we followed in October, were 21.33 billion dollars and imports were 29.20 billion dollars. After these data, the Trade Deficit was 7.87 billion dollars in October and 91.49 billion dollars in January-October. The Trade Deficit was $9.59 billion in September. TURKSTAT Economic Confidence Index, which is another data announced […]

Lagarde, President of the European Central Bank, gave a speech… In his speech today, European Central Bank (ECB) Member Knot said that the Eurozone economic growth may turn negative this quarter, that he does not expect a recession in the economy due to the positive economic data in Germany, that weaker economic growth is certain […]

Closing Thanksgiving Week… Due to the US Thanksgiving day, the market in the whole world passed in the form of “holiday mode” in general. It’s been a stagnant week on the news feed and data side. However, let’s take a brief look at the pricing. Oil side continued the decline it experienced last week, albeit […]

CBRT Ends Interest Rate Cycle… Today is Thanksgiving in the USA. Equity markets are closed and futures products also have early closings. Pricing in the market was generally calm due to the “holiday mode”. After the FED minutes released yesterday remained less hawkish, there is a decline in US bond yields. The US 10-year Treasury […]

We Will Follow the Minutes of the Fed Meeting Before Thanksgiving Day in the USA… The minutes of the FED’s November meeting will be released at 10:00 pm(GMT+3) this evening before Thanksgiving in the USA tomorrow. In the minutes, we will follow a possible discussion that interest rate expectations will rise in the dot plot […]

The News that Oil Production Will Increase Has Been Denounced By Qatar Today… Global markets remain calm during the US Thanksgiving week. The price movements are narrow and there is a generally flat market. The Dollar Index is 107, the EURUSD parity is at 1.0260 and the Ounce Gold side is priced in the 1750 […]

Thanksgiving Recession in Global Markets… Global markets started the new week with a slight decline in risk appetite and a slight recovery in the Dollar index. The Dollar Index reacted at 105.50 last week, rising to 107.25. Ounce of Gold is on the fourth day of its decline and has retreated to 1740 levels. The […]

European Central Bank President Lagarde: We Can Raise Interest Rates Until We Reach Inflation Target… European Central Bank President Christine Lagarde, in her speech at the conference she attended, said, “We expect interest rates to increase further. Withdrawal of monetary supports may not be enough. Interest rates are and will continue to be the main […]