Fed maintains its expansionary stance

In the FOMC, where no new decision has been taken, we see that some expressions related to economic recovery in the policy text have been changed. ... Devamı

ECB sources: The possibility of interest rate cut may be higher than expected

Reports from European Central Bank sources show that policy makers are not excluding lower interest rates at all. ... Devamı

CBRT Inflation Report Preview: Hawkish expressions in the past MPC statement to be underlined

The CBRT will announce the first Inflation Report of 2021 tomorrow. ... Devamı

Harriet Tubman to be on the $20 bill

The Biden administration has said it will push to make Tubman the face of the $20 bill. ... Devamı

Fed tends to keep an eye on the downside risk balance in the economy

In an environment where the economic conditions do not change compared to the previous meeting and the downside risk balance continues, FOMC is not expected to make big changes in the monetary policy. (Tera Yatırım) ... Devamı

Biden to add South Africa in the travel ban list

President of the United States Joe Biden (76) is expected to add South Africa in the list of US travel restricted countries. ... Devamı

Africa: Morocco starts Covid-19 vaccine distribution

On Monday, Morocco started distributing vaccine doses to country’s region. ... Devamı

Real sector confidence shows the first signs of slowdown

Although the positive image reflected in 4Q20 continues in January real sector confidence index data announced by the Central Bank, the first signs of slowdown are also observed. ... Devamı

S&P affirms Turkey's credit rating and the outlook

Credit rating agency S&P confirmed Turkey's rating and outlook as "B +" and "stable" as expected, on Friday. ... Devamı

Legendary TV Host Larry King dies at 87

TV giant on CNN for 25 years, Larry King (87) passed away at Cedars-Sinai Medical Center in Los Angeles according to a statement by his production company Ora Media. ... Devamı

2 Million West African displaced fleeing violence

The UN agency UNHCR said on Friday that militants linked to al Qaeda have reached semi-arid regions on the edge of Sahara causing conflict in Burkina Faso, Niger and Mali forcing thousands of people to flee from their homes for safety. ... Devamı

European data: The service sector in the effect of contraction

PMI data from Europe showed that the growth position in the manufacturing sector continued, whereas recession concerns due to shutdowns in the service sector increased. ... Devamı

ECB decisions and the evaluation of current policy base

In a period dominated by recession concerns due to reclosures, it seems that the central banks will not be able to enter into a rapid policy normalization as in 2013 and beyond. ... Devamı

America is Back in The Paris Climate Agreement

After the former President Donald Trump abruptly announced on the 1st of June 2017 that the United States is leaving the 2015 Paris Climate Change Mitigation many petitions were launched to persuade him to reverse his planned withdrawal or the state governors to join the Paris Agreement on their own. The American withdrawal ended the night Joe Bidden was sworn-in on the 20th of January 2021. ... Devamı

It’s A New Day In America

After four tremendous years of the Trump’s administration, Democratic President-elect Joe Bidden and Vice-President Kamala Harris were sworn into Office at the inauguration on the 20th of January 2021. ... Devamı

CBRT: No rate hike with a “hawkish” perspective

The Central Bank suspended the interest rate hikes at the 3rd MPC meeting after the period when it adopted the Orthodox monetary policy perspective, but gave important messages to the markets with the emphasis it made on the fight against inflation. ... Devamı

ECB is not expected to act or change policy stance

At the December 2020 meeting, the European Central Bank increased the total amount of bond purchases by extending the Pandemic Emergency Purchase Program (PEPP) and extended the cheap and long-term financing opportunities provided to banks through TLTROs. ... Devamı

CBRT: No rate hike expectation, emphasis on tight moetary policy to continue

After Mr. Naci Ağbal took office, Central Bank switched to the Orthodox monetary policy and increased the policy interest rate. ... Devamı

Yellen emphasizes the value of USD should be determined by the market

Janet Yellen, the former Fed Chair and who will be the Treasury Secretary of the Biden administration, focused on fiscal incentives, the value of the USD and the market approach at this point, as expected in her mandate in the Senate. ... Devamı

WHO hopes to deliver vaccines to poor countries.

World Health Organizations is in talks with Pfizer, to have access to the vaccine to give to poor countries who cannot afford to purchase the vaccine. ... Devamı

Africa: Uganda intense elections

Yoweni Museveni (74) 34 years long presidency has once again come under threat as rival Bobi Wine (38) seems to be popular amongst young voters. ... Devamı

Italy tops one million vaccinated people

More than one million people have been vaccinated in Italy as of Friday, becoming the first country to surpass million vaccinated individuals as administrated by the EU. ... Devamı

CBRT Expectations Survey: The inflation expectation for 2021 at 11.15%

In the CBRT January Expectations Survey, market participants' current year-end inflation expectation was 14.18%. ... Devamı

Biden and Powell speeches

Biden's speech, which is expected to give details of the financial stimulus package tonight, will be important. ... Devamı

December inflation data in the USA

In the USA, headline CPI increased by 0.4% on a monthly basis, while it increased 1.4% on an annual basis in December. (Tera Yatırım) ... Devamı

Turkey: Industrial production increases above expectations in November

According to calendar adjusted data, Turkey’s industrial production in November increased by 11% compared to the same month of the previous year; Seasonal and calendar adjusted industrial production increased by 0.5% compared to the previous month.(Tera Yatırım) ... Devamı

TKYD and IFC cooperation

TKYD and IFC signed a cooperation agreement to contribute the improvement of environmental, social and governance (ESG) practices. ... Devamı

A Turkish man to conquer global entertainment industry: Sinan Siner

From the world’s most famous athletes to superstars of the global entertainment scene: The Sin Management & Booking founder Sinan Siner continues to conquer the entertainment industry with collaborations and upcoming projects. ... Devamı

Turkey: Unemployment rate steady at 12.7% in October

In October, the unemployment rate in Turkey was realized as 12.7% compared to the same month last year’s 13.4%, with a decrease of 0.7 points. ... Devamı

Turkey: Current account deficit widens with the increasing trade deficit in November

In November, the current account balance in Turkey, gave USD 4.06 billion deficit. While the monthly current account deficit was realized slightly above the market expectations of 3.56 billion USD, it increased from 15 million USD in the same period of the previous year. ... Devamı

Queen Elizabeth and The Duke of Edinburgh get vaccinated

Buckingham Palace spokesperson has made a statement that Queen Elizabeth (94) and the Duke of Edinburgh (99) have both received the Covid-19 vaccine on the 09th of January 2021. The vaccination was administered by the household doctor at Windsor Castle. ... Devamı

US: Employment contracts due to virus cases

While non-farm payrolls in the USA, which is expected to increase by 50K, decreased by 140K in December, the unemployment rate remained unchanged at 6.7%.(Tera Yatırım) ... Devamı

US: Employment market adversely affected by Covid cases and shutdowns

Although overall correlations were poor, negative ADP lowered expectations for December NFP data. The ADP showed that the private sector reduced 123K job positions in December. (Tera Yatırım) ... Devamı

Senate Georgia election, Blue Wave and bi-directional market effect

The Georgia Senate elections, in which 2 Republican and 2 Democratic candidates compete, are still running head to head. (Tera Yatırım) ... Devamı

Turkey’s foreign trade deficit at 4.57 billion USD in December

According to the leading December 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 15.97% to 17.84 billion USD, while imports increased by 11.75% to 22.41 billion USD in the same period. In this context, the foreign trade deficit decreased by 2.17% in December to 4.57 billion USD. ... Devamı

Georgia elections and Biden's transition to the office

While the uncertainty of 600 USD - 2000 USD continues in the USA, the weak USD theme is still active. ... Devamı

Turkey PMI: Industry growth slows down with Covid restrictions

According to the data announced by the Istanbul Chamber of Industry (ISO) and IHS Markit; Manufacturing PMI declined from 51.4 to 50.8 in December. ... Devamı

Turkey: Inflation outlook risks continue to slope upwards

Turkey’s consumer prices showed an increase of 1.25% in December, while annual inflation was realized as 14.6%. ... Devamı

Foreign trade deficit widens in November with increasing gold imports

According to the GTS (General Trade System) foreign trade data of November, which was announced by TURKSTAT in cooperation with the Ministry of Trade; Turkey's exports in November 2020 decreased by 0.9% compared to the same period of the previous year to USD 16.09 billion, while imports increased by 15.9% in the same period amounted to 21.13 billion USD. ... Devamı

Turkey: 2020 year-end inflation awaits

We will start the new year with the December inflation rate, which will be announced on Monday, January 4th. (Tera Yatırım) ... Devamı

Turkey has proved its weight in the global economy

Turkey has proved its weight in the global economy with its agreement with the UK ... Devamı

Economic confidence declines in December due to Covid cases and restrictions

Turkey’s economic confidence index fell to 86.4 in December. The fall in the index; resulted from decreases in service, retail trade and construction sector confidence indices. (Tera Yatırım) ... Devamı

Turkey: The effects of the minimum wage increase on the economy

The minimum wage in Turkey for 2021 is 2825.90 TRY. ... Devamı

Bladder cancer clinical trial benefits

There are more than 81,000 new cases of bladder cancer each year. Most diagnoses occur after the age of 55 and the average age at diagnosis is 73. ... Devamı

Non-Hodgkin’s lymphoma clinical trials

For non-Hodgkin’s lymphoma patients looking for treatment options, clinical trials may have possible alternative treatments for you. ... Devamı

Prostate cancer clinical trials

There are nearly 200,000 cases of prostate cancer every year. The most common treatment for prostate cancer is surgery in the early stages. ... Devamı

Growth continues in the real sector confidence index

In the real sector confidence index data for December announced by the Central Bank, it is seen that the effects of the increase continue compared to the previous month. ... Devamı

CBRT matches the TRY swap rate to the policy rate after MPC

Following the MPC decision, the Central Bank raised the policy rate by 200 basis points; TRY interest rate used in USDTRY swap auctions increased from 15% to 17%. (Tera Yatırım) ... Devamı

Strong tightening against inflation from the CBRT

Central Bank, under the administration new President Mr. Naci Ağbal, made a strong tightening against inflation at the 24 December meeting by advancing new policy implementations in the new era. ... Devamı

CBRT: The necessity of tightening for the fight against inflation and for hot money inflow

In the first MPC held after the new head of the Central Bank, Mr. Naci Ağbal's appointment, he simplified the monetary policy with the interest rate increase on paper and directed all funding to the "1-week repo interest" instrument.(Tera Yatırım) ... Devamı

CBRT Expectations Survey: Year-end inflation expectation at 14.18%

In the CBRT December Expectations Survey, market participants' current year-end inflation expectation was 14.18%. ... Devamı