Global Stock Markets Started Comfortably, But Eyes Will Be on the US 10 Years… *International financial markets started the new week relatively calm, compensating for last week’s hedging sales. However, there are still critical data and figures that we follow on the agenda. The US 10-year Treasury yield continues to rise to 4.33%, at its highest […]

Retail Sales Decline in the UK… *Retail sales data announced in the UK decreased more than expected. It decreased by -1.2% against the expectations of -0.5% for July and by -3.2% against the expectations of -2.1% on an annual basis. Core retail sales were also similar, falling by -1.4% on a monthly basis versus -0.7% and by […]

Foreign Exchange Intervention Called for Public Banks in China… *Eurozone Trade Balance posted a surplus of 23 billion euros in June, with exports falling 0.5% month on month and imports falling more sharply by 5.6%. * In the second quarter monetary policy report of the People’s Bank of China, “Prudent monetary policy will be firm […]

Headline Inflation Declines in England. Core Inflation Remains Strong… *In the UK, annual headline inflation, which was 7.9% in the previous data, decreased to 6.8% in July, as expected. On a monthly basis, negative inflation was realized as -0.4% against the expectations of -0.5%. When we look at core inflation, there was no change on an annual basis. As […]

Wages Rising in the UK. Unemployment has increased… *After the rise in the USDJPY parity gained momentum, Japanese Finance Minister Suzuki made some statements. Suzuki stated that rapid currency movements are undesirable, excessive movements should be responded to appropriately and that there should be a stable movement of the exchange rate to reflect the fundamentals. *In the […]

German Treasury Department, “Current Indicators Do Not Yet Point to Sustainable Economic Recovery.” *Panic caused by the shutdown of bond trading amid debt problems and loss expectations after Chinese construction company Country Garden has been in default since 2021. Company shares fell 16 percent and hit a record low. The situation has worried the real estate industry, […]

We Followed the Expected Positive Data from the UK and the PPI Data from the US… *The UK saw better-than-expected economic indicators today. Q2 GDP surpassed predictions, growing by 0.2% quarterly and 0.4% annually (expected: 0.2%). June alone showed 0.5% growth. Industrial and manufacturing production for June exceeded projections: industrial production rose 1.8% monthly (expected: […]

US Consumer Inflation Falls Below Expectations on an Annual Basis… *The US consumer inflation data for July resulted as expected on a monthly basis. In annual data, headline inflation, which was 3.0% in June, rose to 3.2%, 0.1 points below the expectations. While no change is expected in core inflation, it decreased by 0.1 points to 4.7%. After […]

Crude Oil and Natural Gas Futures Reach Highest Level of the Year… *Ahead of the US consumer inflation data, which will be released tomorrow, there is a calm data flow today, except for Canadian construction permits and US crude oil stocks. *In the first minutes following the opening in the US indices, we follow an […]

FED/Harker: “If there is no alarming situation in the data by mid-September, interest rate can be kept constant.” *German consumer inflation increased by 0.3% monthly in July, as expected, and increased by 6.2% year-on-year. It continues to maintain its high course in inflation. * Philly Fed President Harker stated that if there is no alarming situation […]