Turkey plans to enter the top 6 largest economies in Europe by the end of 2025 and take the 16th place in the world, Vice President Cevdet Yilmaz said at the presentation of the medium-term economic program for 2026-2028. According to the forecasts of the authorities, the country’s economy will grow by 3.8% in 2026,…
While US inflation continues to climb, elevated jobless claims are capturing more attention in the markets. Expectations for three rate cuts from the Federal Reserve this year are strengthening. The ECB held rates steady at 2% as anticipated. The Nikkei and KOSPI set new all-time highs, following Wall Street’s lead. Oil prices stabilized, gaining more…
Wall Street Hits Fresh Highs The S&P 500 and Nasdaq closed at record levels on Wednesday, driven by a powerful surge in Oracle shares and cooler-than-expected US inflation data. Investors interpreted this as a strong signal that the Federal Reserve is likely to cut interest rates next week. Oracle’s Breakthrough Oracle stock skyrocketed more than…
The pound continues to struggle to find direction against the dollar. The pair is trading between the middle and upper lines of the Bollinger Bands on the D1 timeframe, that is, within the 1.3490–1.3580 range. Buyers continue to test the upper limits near 1.36, while sellers attempt to secure the price below 1.3500. However, as…
Markets climb ahead of crucial inflation report On Tuesday, the MSCI global equity index edged higher, the US dollar strengthened, and Treasury yields moved upward as investors awaited key inflation figures. The cautious optimism followed a significant revision of US employment statistics. Labor market growth revised downward The US Department of Labor announced that for…
The main factor for investors will be US inflation data, which may influence the Fed’s rate decision. Attention will also be focused on Oracle’s reporting, political events in France, the ECB meeting, and statistics from China. 1. Inflation in the USA On Thursday, data on the consumer price index for August will be released. An…
Sarah Breeden, Deputy Governor of the Bank of England, said that stablecoins can become an important tool for speeding up and reducing the cost of cross-border transfers. Speaking in London, she stressed that the world is moving towards a «multi-currency system» where there will be a place for digital stable assets. According to her, stablecoins…
On September 7, eight OPEC+ countries – Russia, Saudi Arabia, the United Arab Emirates, Iraq, Kuwait, Kazakhstan, Oman and Algeria – will consider the possibility of increasing oil production in October. No final decision has been made yet: countries can either increase production or suspend expansion. In September, the G8 has already increased quotas by…
The British pound weakened sharply on Tuesday amid concerns about the stability of government finances. The GBP/USD exchange rate decreased by 1.22%, falling to 1.3373, the lowest since August 7. The pressure was increased by an increase in the yield of 30-year government bonds to the levels of 1998, which spread to the foreign exchange…
On Tuesday afternoon, the US dollar accelerated its growth in pairs with the euro, pound and yen amid increased demand for defensive assets and sales in global equity and bond markets. The ICE dollar index (DXY), which tracks the dynamics of the US currency against a basket of six currencies, rose by 0.57%, the highest…