The policy path of the central bank and the issue of raising interest rates ...

As a result of the increased exchange rate volatility and the absence of the August 2018 edition, all eyes are on the central bank, as is the case in any volatility environment. ... Devamı

Increase in infections poses a risk for employment recovery

Following the report pointing to 4.8 million employment increase in the USA in June, an increase of 1.6 million people is expected in the July non-farm payrolls report to be announced tomorrow. ... Devamı

Human brain is not more efficient than other mammals' brains

Brain scans of more than 100 mammalian species, including humans, reveal that the efficiency of information transfer in the brain is the same in all mammals, regardless of size. ... Devamı

American and European stock markets

On the first trading day of August, US indices were led by technology stocks. Nasdaq companies. ... Devamı

We expect a horizontal opening in the BİST100 index.

Increased coronavirus incidents in the United States of America continue to create unease in global markets ... Devamı

China is sending the Covid-19 expert team of 60 people to Hong Kong

It was reported that seven members of the expert group formed by the main part of China to support Hong Kong's battle against the Covid-19 outbreak arrived in the city in the afternoon. ... Devamı

Chinese internet companies' revenue in 6 months reached $ 85 billion

The research and development expenditures for the sector showed only 31.3 billion yuan in the first six months, an increase of 10.7% over the same period in the previous year. ... Devamı

Although annual inflation decreases, cost factors pose a risk

Consumer prices in Turkey increased by 0.58% in July, while the annual inflation was realized as 11.8%. Economists’ participating in the Bloomberg survey and our expectation were to achieve a monthly inflation of 0.8% and 12% annually. ... Devamı

Children may carry 100 times as much virus as adults

A new study out this week found that children may carry far more viral material in their nose and throat than adults. ... Devamı

Everyone can prepare yeast food at home

By designing and producing technologies that will make life easier for individuals, Westelle will fulfill the expectations of everyone who wants to prepare yeast food or create the perfect conditions for fermentation with the new generation of Maya refrigerator. ... Devamı

The French company Essilor and the Chinese company Tencent are cooperating for eye health

Essilor, the eyewear manufacturer in France, started a three-year strategic partnership with Chinese Internet giant Tencent. ... Devamı

China prepares to cut business costs

China prepares to cut business costs ... Devamı

American and European stock markets

On the last trading day of the week, there was an extensive economic calendar on both the European and American sides. ... Devamı

American and European stock markets

After the positive close in the US indicators yesterday, a downward trend in the indicators was noted today due to weak economic data. European indices ended the day with a loss. In the US indices, the Dow Jones and S&P ended the day negative, despite the bullish trend after the opening. ... Devamı

China calls on the United States to lift the sanctions imposed on Syria

The Permanent Representative of China to the United Nations, Jang Joon, urged the United States of America to lift unilateral sanctions against Syria immediately. ... Devamı

Today's Markets - Economic Developments

Q2 GDP claims and unemployment will be announced in the USA. ... Devamı

Fed reaffirms its commitment to "do whatever it takes"

Fed did not change its stance, extended its liquidity operations, emphasized that it would continue easy monetary policy, and revealed that it was not at a stage to evaluate tightening. As expected, there is a timid Fed and the stance on maintaining the continuity of the support provided to the economy is continued as being necessary. ... Devamı

An upward revision in inflation forecasts obscures the next policy step

At the 3rd Inflation Report meeting of the year, the CBRT increased its year-end inflation expectations from 7.4% to 8.9%. In the forecast revision of the Central Bank, the main basis is rising oil and food prices, but it also indicates that inflation will remain above the policy rate in the current conditions. Inflation expectations for 2021 have been updated from 5.4% to 6.2%. Food inflation expectation was revised from 9.5% to 10.5% compared to the previous estimate for 2020. The Central Bank has also increased its average oil price forecast from 32.6 USD to 41.6 USD after the price developments since the previous reporting period. ... Devamı

The American Press: Worsening relations with China hit many areas in the United States

The American Press: Worsening relations with China hit many areas in the United States ... Devamı

What to expect from the CBRT Inflation Report meeting?

The CBRT will announce the 3rd Inflation Report of the year tomorrow. The details that will be released from the report will be important in terms of messages and revisions that are likely to contain. ... Devamı

Normalization steps from BRSA in terms of swap and TRY access

The BRSA made a statement regarding the limits on TRY transactions with overseas residents. According to this ... Devamı

An AG600 amphibian aircraft developed by China took its first flight

China has independently developed a large AG600 amphibian aircraft on its first cruise on the sea in Chingado, Shandong Province. ... Devamı

Phase-3 clinical studies of the Covid-19 vaccine are starting in the USA.

Covid-19c, developed by biotechnology organizations Moderna and a part of the National Institute of Allergy and Infectious Diseases and National Institutes of Health.. ... Devamı

Airbus to end WTO dispute

Airbus takes final step to end long-standing WTO dispute and U.S. tariffs ... Devamı

Industrial indicators show that recovery continues

According to the real sector confidence index and capacity utilization rate data released by the Central Bank in July, the recovery effects from the bottom continue. ... Devamı

CBRT seems to have come to the end of interest rate cuts

In line with the expectations of the market, the Central Bank kept the policy rate constant at 8.25% and continued to halt interest rate cuts after the June meeting. ... Devamı

About the CBRT RR regulation

The Central Bank increased the required reserve ratios in foreign currency by 300 basis points in all liabilities and maturity tranches for all banks. ... Devamı

Welcome to Darüşşafaka Tekfen, Grant Jerrett

We are pleased to announce that we have strengthened our roster by signing a 2 year (with 1 season optional) contract with Grant Jerrett. ... Devamı

No change from ECB, the eyes at the EU Summit

The European Central Bank (ECB) announced that it will continue the Pandemic Emergency Purchasing Program (PEPP) amounting to EUR 1.35 billion, while not changing interest rates as expected at the July meeting. In the bank's policy statement, it was stated that PEPP helped to balance downward pressures in relation to the pandemic in the expected inflation path. ... Devamı

Budget posts a deficit of 19.4 billion TRY in June

According to the June budget data announced by the Ministry of Treasury and Finance; Budget balance, which had a deficit of 17.3 billion TRY in May 2020, had a deficit of 19.4 billion TRY in June 2020. The budget had a deficit of 12.1 billion TRY in the same period of the previous year. ... Devamı

China starts to grow again in 2Q20

China reported that the country's GDP grew 3.2% year-on-year in the second quarter of this year, surpassing analysts' expectations compared to the previous year and backing from the contraction of the first quarter. ... Devamı

US inflation rises with monthly spending, demand expected to remain weak

While the headline CPI increased by 0.6% on a monthly and annual basis in June in the USA, core CPI increased by 0.2% on a monthly basis. Core inflation, which excludes food and energy, remains at annually 1.2%. ... Devamı

ECB decisions and EU Leaders Summit

The European Central Bank (ECB) will hold the July meeting on Thursday (July 16th), which is not expected to change interest rates. ... Devamı

I/P shows Covid effect for annual data, low base effect for monthly data

Turkey’s May working day adjusted industrial production, contracted by 19.9% compared to the same month of the previous year. ... Devamı

Unemployment rate remains low thanks to labor market measures

In April, the unemployment rate in Turkey was realized as 12.8% compared to same month last year’s 13%. ... Devamı

Inflation outlook increases the upward risks

Consumer prices in Turkey showed an increase of 1.13% in June, while the annual inflation was realized as 12.6%. Economists participating in the Bloomberg survey and our expectation were to achieve a monthly inflation rate of 0.6% and 12% annually. In this regard, we see that the data is higher than the generally high expectations. ... Devamı

The foreign trade deficit at 2.84 billion USD in June

According to the leading June foreign trade data announced by the Ministry of Commerce within the scope of GTS (general trade system); Compared to the same month of the previous year, exports increased by 15.77% to 13.47 billion USD, while imports decreased by 8.24% in the same period to 16.31 billion USD. In this context, foreign trade deficit decreased by 17.31% in June period and became 2.84 billion USD. ... Devamı

Conditional and periodic effects increase the inflation risk

Turkey’s June inflation figures will be released on Friday. Our expectation is that, monthly inflation and annual inflation will be 0.6% and 12% respectively, in June. ... Devamı

Employment growth depends on the continuation of the economic recovery

Following the report indicating an increase of 2.5 million jobs in the US in May, an increase of 3 million people is expected in the non-farm payrolls report to be announced tomorrow. ... Devamı

Foreign trade balance gives a deficit of 3.42 billion USD in May

According to the GTS (General trade system) foreign trade data of May announced by TURKSTAT in cooperation with the Ministry of Trade; Turkey's exports in May of 2020, indicates a decrease of 40.9% compared to the same period of the previous year to 9.97 billion USD, while imports decreased by 27.8% in the same period amounted to 13.39 billion USD. ... Devamı

Fed announces bank stress test results

In the light of the bank stress test results announced on Thursday evening, the Fed asked banks to limit their dividend payments until 4Q20 and not to buy back shares. ... Devamı

CBRT evaluates the risks of inflation and capital movements

Despite the market's 25 basis points interest rate cut expectations, the Central Bank has suspended the interest rate cut that it has maintained since July 2019, keeping the policy rate constant at 8%. ... Devamı

Industry leading indicators reflect the recovery from bottom

In the real sector confidence index and capacity utilization rate data announced by the Central Bank in June, the recovery effects from the bottom continue to increase compared to the previous month. ... Devamı

Recovery from the bottom? Sustainability?

PMI data from Europe points to a more positive outlook than expected, and the first effects that came with economic openings showed that recovery is continuing. (Tera Yatırım) ... Devamı

CBRT revises the reserve requirement regulation

“To provide banks with flexibility in meeting the loan demand specific to this period, the CBRT has decided to temporarily (until the year end) suspend the enforcement of the rule of having adjusted real loan growth rate below 15% for the banks with a real annual loan growth rate above 15% in order to be able to benefit from reserve requirement incentives.” ... Devamı

CBRT Survey of Expectations: The year-end inflation expectation at 9.54%

In the CBRT June Expectation Survey, market participants' current year-end inflation expectation was 9.54%. ... Devamı

The necessity of “cautious” dovish stance in monetary policies

Powell did not make any changes to his picture of the economy in his semi annual presentation before the Senate, and he continued his rhetoric at the last Fed meeting. ... Devamı

Fed stimulus moves and Powell statements

Fed made two important statements within the scope of ongoing stimulus moves. ... Devamı

Extending economic stimulus to affect the budget deficit

According to the May budget data announced by the Ministry of Treasury and Finance; Budget balance, which had a deficit of 43.2 billion TRY in April 2020, had a deficit of 17.3 billion TRY in May 2020. ... Devamı

I/P collapse with Covid conditions in April

Turkey’s April working day adjusted industrial production, contracted by 31.4% compared to the same month of the previous year. ... Devamı

Covid effects expected to be a fragility factor for current account balance

In April, the current account balance in Turkey, gave USD 5.1 billion deficit. ... Devamı