Time emphasis for QE, possible fate of Biden packages

Minutes of the Federal Open Market Committee (FOMC) meeting held on March 16-17 were published. ... Devamı

FOMC minutes and QE tapering issue

The minutes of the 16-17 March FOMC meeting, which will be announced tonight, are important in terms of the Fed's approach to recent economic developments and movements in the bond curve. ... Devamı

Turkey: March inflation is expected to increase with the effect of import prices and oil

Following the Central Bank's messages that it is understood that inflation will continue to be the main policy focus, we will enter the new week by watching the March inflation data. ... Devamı

US: Labor market data and NFP preview

There will be a big focus on non-farm payroll data to be released tomorrow. ... Devamı

Turkey PMI: PMI remains in growth position for 10 months

According to the data announced by the Istanbul Chamber of Industry (ISO) and IHS Markit; Manufacturing PMI increased from 51.7 to 52.6 in March. ... Devamı

Turkey: Foreign trade deficit at 3.30 billion USD in February

According to the February GTS (General Trade System) foreign trade data announced by TURKSTAT in cooperation with the Ministry of Commerce; Turkey's exports in February 2021 increased by 9.6% compared to the same period of the previous year USD 16.01 billion, while imports increased by 9.4% in the same period amounted to 19.31 billion USD. ... Devamı

Turkey: Economic confidence increaes in March

Turkey’s economic confidence index rose to 98.6 in March, from February’s 95.8 index value. Increase in the index; resulted from increases in consumer, real sector (manufacturing industry), services and retail trade sector confidence indices ... Devamı

Current bond market dynamics

The yield on the benchmark 10-year Treasury bill rose to 1.77%. Investors believe that US President Joe Biden's spending plan will further boost economic recovery and therefore inflation. ... Devamı

رد الصين على المزاعم: 70 بالمائة من القطن يتم حصاده بالآلات في شينجيانغ

 ردت وزارة الخارجية الصينية على مزاعم "العمل القسري" في شينجيانغ من قبل بعض الشركات والدول. ... Devamı

Biden infrastructure package, bond market dynamics and spreads

Biden is expected to explain the details of the new infrastructure and aid plan in his speech that will take place tomorrow. ... Devamı

US: Social benefits effect on income and spending

According to personal income and expenditure data published today; In February, income decreased by 7.1%, disposable income by 8% and personal consumption expenditures by 1%. ... Devamı

Real sector confidence index increases to the highest of 3 years in March

While the positive image continues in the real sector confidence index data of March announced by the Central Bank, the raw data point to the highest levels since April 2018 and the adjusted data since February 2018. ... Devamı

US: GDP revision, jobless claims and Powell

According to the 3rd reading data released today, the US GDP growth was revised upwards by 4.3% in 4Q20. ... Devamı

أمير سعودي يعلن دعمه لسياسات الصين في شينجيانغ وهونغ كونغ

 كان وزير الخارجية الصيني وانغ يي في السعودية قبل زيارته الحرجة لأنقرة.  وقال وانغ ، خلال لقائه مع ولي العهد السعودي الأمير محمد بن سلمان بن عبد العزيز آل سعود ، في الاجتماع ، إن الصين تعتبر المملكة العربية السعودية شريكًا استراتيجيًا مهمًا في الشرق الأوسط ، وأن تطوير العلاقات بين البلدين هو أحد أولويات الصين سياسة الشرق الأوسط. ... Devamı

European data: Record growth acceleration impact in the manufacturing sector

Markit has published preliminary forecasts for March PMIs today. While the services sector in the EU seems to remain in a contraction zone (country by country Germany has moved into growth zone), manufacturing production continues to gain momentum in expansion levels. ... Devamı

London TRY swap rates

After the last change in the Central Bank and the fluctuations in the lira due to the policy change concerns, the TRY swap rates in the foreign money markets in London have also come to the fore. ... Devamı

Fed SLR announcement and bond market

On Friday, a statement was made by the Fed for the leverage rates (SLR) provided to banks. ... Devamı

Central Bank reshuffle and first reflections

After the change of mandate at the Central Bank, the markets started the week quite volatile, and the USDTRY in illiquid transactions in Asia reached 8.47 levels. ... Devamı

CBRT matches TRY swap rate to 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 17% to 19%. ... Devamı

Fed policy and economic concerns

While analyzing the Fed's decisions; We have observed that the current momentum of the economy instills more pass-through to the upward revision in short-term projections, but the effects diminish as the term gets longer. It constitutes a valid situation for the whole of the main trio of growth, inflation and employment. In other words, when the supported growing economy effect is left behind, it is observed that there will still be differences if the economy is compared with the state without crisis supports in 2019. Especially on the basis of employment ... Devamı

Fed to take care of delicate balances

In Fed decisions; We observe that the economic projections are revised depending on the size of the recovery, whereas short-term effects are predicted more significant than medium and long-term effects. ... Devamı

CBRT: Inflation outlook increases the pressure for rate hike

We think that the inflation risks that have increased recently have weighted the factors that will form the basis for the Central Bank's interest rate hike. ... Devamı

Fed not to take action against bond yields at this stage

While the Fed's meeting is expected to be concluded tomorrow, no action is expected at this stage against bond yields. ... Devamı

Turkey: The budget gives a surplus in February with the increase in tax revenues

According to the February budget data announced by the Ministry of Treasury and Finance; The budget balance, which had a deficit of 24.2 billion TRY in January 2021, gave a surplus of 23.2 billion TRY in February 2021. ... Devamı

Turkey: Industrial production increases above expectations in January

According to calendar adjusted data, Turkey’s industrial production in January increased by 11.4% compared to the same month of the previous year; Seasonal and calendar adjusted industrial production, on the other hand, increased by 1% compared to the previous month. According to the unregulated data, there was an increase of 7.5% in industrial production compared to the same period of the previous year. Our estimation was that industrial production increased by 8.9% on an annual basis and 0.3% on a monthly basis in December. ... Devamı

ECB increases purchasing speed to control yield curve

The European Central Bank, which did not make any changes in the total PEPP size and interest rates as expected, announced that it will increase the pace of asset purchases in the coming months in order to contain the rising bond yields that could adversely affect the economic recovery of the region. ... Devamı

Turkey: The current account balance has a deficit of 1.87 billion USD in January

In January, the current account balance in Turkey, gave USD 1.87 billion deficit. ... Devamı

US: February inflation, bond issues, financial package

In the USA, headline CPI increased by 0.4% on a monthly basis and increased by 1.7% on an annual basis in February. ... Devamı

ECB decisions: The yield curve and the issue of asset purchases

Recently, increasing bond yields and steepening yield curves have turned the attention to the policy decisions of major central banks. ... Devamı

Turkey: Unemployment rate at 12.2% in January with the change in methodology

TurkStat made the expected methodology change in unemployment rates this month and started to announce it co-periodically with Europe, using a revised calculation method and in line with ILO standards. ... Devamı

Economic incentives, inflation expectations, Central banks and the bond market

The Biden financial package, which is the largest stimulus package in US history, also passed the Senate stage. (Tera Yatırım) ... Devamı

US: Headline payrolls data raises concerns for fast recovery for markets

In the US, non-farm payrolls, which is expected to increase by 200K according to the Bloomberg terminal, increased 379K in February, while the unemployment rate fell to 6.2%. ... Devamı

Critical threshold for economic transformation: The reform package

With the changing of the economic paradigm and the transition to the implementation phase of the new generation policies, the reform agenda in economic policies is among the issues that we carefully follow, as well as the change in the monetary policy perspective. (Tera Yatırım) ... Devamı

Bond yields before Powell and jobs report

We observe that bond yields pick up again before Powell and NFP. ... Devamı

Turkey: Inflation picks up, increases the proactivity pressure on the Central Bank

Turkey’s consumer prices increased by 0.91% in February, while annual inflation was realized as 15.61%. ... Devamı

Treasury bond yields and policy options

Ahead of the Fed announcements on March 17 and this week's Powell speech, options for intervention in rising bond yields for central banks began to circulate. ... Devamı

10-year bond yields and Fed policy correlation

The yield on the US 10-year Treasury bill briefly exceeded 1.6% last Thursday, hitting the highest level in more than a year, fueled by expectations of higher economic growth and inflation. ... Devamı

Turkey PMI: Industry, which loses momentum in February, continues to remain in growth position

According to the data announced by the Istanbul Chamber of Industry (ISO) and IHS Markit; Manufacturing PMI declined from 54.4 to 51.7 in February. ... Devamı

Turkey's economy records 1.8% growth in the pandemic year

Turkey's GDP recorded an increase of 5.9% compared to the previous year in 4Q20 period, showed a higher performance from all G-20 countries except China. ... Devamı

China: Data and growth situation

The manufacturing indicator in China fell in February due to the impact of the new year holiday. (Tera Yatırım) ... Devamı

US: The spending effect and inflation

According to personal income and expenditure data published today; In January, income increased by 10%, disposable income by 11.4% and personal expenses by 2.4%. ... Devamı

High growth effect is expected for Turkish economy in 4Q20

Turkish economy, which recorded a 6.6% growth on an annual basis, with strong credit growth’s heating effect, also showed a strong growth performance in 4Q20, in which the financial conditions tightened but economic activity and production channels remained open. ... Devamı

CBRT increases banks' TRY denominated RR rates

In line with the recent tightening monetary policy practices, the CBRT increased the RR rates of banks by 2 points at each maturity and withdrew some TRY liquidity from the money markets. ... Devamı

Discover Bodrum with Lujo Hotel's new sea plane

Lujo Hotel Bodrum is preparing to delight its guests with its newest addition to its extraordinary services this season: the sea plane. The plane will be used for daily cultural excursions that will appeal to local and international travellers, as well as being used as a transfer vehicle in and around Bodrum. ... Devamı

Real sector confidence index gives mixed signals in February

Although the positive image continues in the real sector confidence index data for February announced by the Central Bank, the adjusted data point to a slowdown. ... Devamı

Fitch affirms Turkey's credit rating, outlook raised to “stable”

Fitch upgraded Turkey's credit rating to "BB-" and affirmed the rating outlook as "negative" from "stable" raised. Agency, expects Turkey’s inflation to decline to 11% of in 2021 and is expecting GDP growth of 5.7%. While the general expectation in the Foreks survey was that there would be no change in the grade and outlook, the 4 institutions including us, predicted to increase the outlook from negative to stable. ... Devamı

EU: Markit PMIs, economic activity and inflation pressures

The Eurozone economy entered February amid the ongoing decline in economic activity, and January PMI data showed that output fell in the fourth month. ... Devamı

CBRT prefers to wait, inflation risks are monitored for now

The Central Bank preferred to hold the interest rates in the second meeting in a row in the 4th MPC meeting after the period when it adopted the Orthodox monetary policy perspective and kept the policy rate at 17%. ... Devamı

US 10 year yields, inflationist pressure and demand expectations

We have obtained a few data that will form the basis for the movement of over 1.3% of the 10 year bon yields, we have watched for a while. ... Devamı

CBRT could be proactive against inflation, a possibility of a rate hike is not excluded

The commitment of the Central Bank to tight monetary policy, the emphasis on price stability and the perception that has turned positive with the process of economic management starting from the change is the summary of the recent policy course. ... Devamı

Turkey: The budget posts a deficit in January with lack of Central Bank profit transfer

According to the January budget data announced by the Ministry of Treasury and Finance; The budget balance, which had a deficit of 40.7 billion TRY in December 2020, had a deficit of 24.2 billion TRY in January 2021. ... Devamı

CBRT Survey of Expectations: The year-end inflation expectation for 2021 at 11.23%

In the CBRT February Expectation Survey, market participants' current year-end inflation expectation was 11.23%. ... Devamı

Turkey: Industrial production increases above expectations in December

According to calendar adjusted data, Turkey’s industrial production in December increased by 9% compared to the same month of the previous year; Seasonal and calendar adjusted industrial production increased by 1.3% compared to the previous month. ... Devamı

Turkey: Current account balance posts a deficit for 14th consecutive month in December

In December, the current account balance in Turkey, gave USD 3.21 billion deficit. While the monthly current account deficit was realized slightly below the market expectations of 3.70 billion USD and our expectations of 4 billion USD, it increased from the level of 2.74 billion USD in the same period of the previous year. ... Devamı

Ties now Optional in New Zealand Parliament

Male lawmakers in New Zealand are now no longer required to wear neckties after Maori Party co-leader Rawiri Waititi protested against the necktie policy calling it a colonial noose ... Devamı

Africa: Mali Attack Injured 20 UN Peacemakers

Twenty UN peacemakers were injured after their base came under fire on Wednesday according to the United Nations mission, they did not state who was responsible. ... Devamı

US: Details of January inflation data

In the US, headline CPI increased by 0.3% on a monthly basis, while it increased 1.4% on an annual basis. ... Devamı

Turkey: Unemployment rate at 12.9% in November

In October, the unemployment rate in Turkey was realized as 12.9% compared to the same month last year’s 13.3%, with a decrease of 0.4 points. ... Devamı

Tesla $1.6 billion Bitcoin Purchase

On Monday Tesla Inc reveled that it has purchased Bitcoin for $1.5 billion. The company stated it will accept bitcoin as payment for its products. ... Devamı

Africa: Conflict in Senegal after Rape Accusation of Opposition Leader

Tension blew up between supporters of the opposition Ousmane Sonko and the police at the capital of Dakar on Monday. ... Devamı

Economic recovery and state of bond spreads and yield curves

News of financial incentives coming from the USA stands out. Increasing US Treasury returns seem to have become the main theme of the market.(Tera Yatırım) ... Devamı

Kamala Harris The Tiebreaker

First female Vice-President Kamala Harris (56) flexes her power as she cast the tie-breaking vote early this Friday on an amendment during Senate’s vote-a-rama. ... Devamı

Indian Farmers Protest New Laws

The Indian farmers protests against the 3 new farm laws have reached a new level of protest with road blocking in Delhi. The 10 weeks protest demands the repeal of the new farm laws. ... Devamı

US: Payrolls increase weaker than expected, in January

In the US, non-farm payrolls, which is expected to increase 105K according to the Bloomberg terminal, increased only 49K in January, while the unemployment rate fell to 6.3%. ... Devamı

Thousands of hotels will go digital in 2021, icibot grow up

Developed by Turkish software developers and breaking grounds in travel technology, icibot increases its power in the world market. ... Devamı

Britain Will Explore Mixing Vaccine Doses

British researchers are will explore mixing Pfizer and AstraZeneca vaccine doses to find ways to reduce Covid-19 virus spread as the new variants emerges. ... Devamı

South Africa Fines Supermarkets For Price Hiking

Seven well-known South African supermarkets have been fined one million rands for hiking prices during quarantine by the National Customer Commission (NCC). ... Devamı

Lujo Hotel Bodrum receives “zero waste certificete”

Lujo Hotel Bodrum, which reduces and sorts the wastes generated in the facility and offices as much as possible, set an example for the sector and received the "Zero Waste Certificate". Built in Bodrum's Güvercinlik Bay by preserving the nature, Lujo is taking firm steps for the future of environment by continuing its impressive waste management project. ... Devamı

Bank of England and the option of negative interest rates

The Bank of England (BoE) today kept interest rates at 0.1% and its bond purchase program at GBP 895 billion. (Tera Yatırım) ... Devamı

US: The issue of payrolls change and incentive package

The US non-farm payroll report, which pointed to the loss of 140,000 job positions last month, is expected to indicate an increase by 50K in January. ... Devamı

Turkey: Inflation reaches 15%, above expectations, in January

Turkey’s consumer prices showed an increase of 1.68% in January, while annual inflation was realized as 14.97%. ... Devamı

Pfizer Expects $15 billion Sales in 2021

The American pharmaceutical company Pfizer in partnership with German company BioNTech are expecting $15 billion in Covid-19 vaccine sale in 2021. ... Devamı

Britain door-to-to Covid-19 Testing

UK has planned to do door-to-door Covid-19 testing after the South African variant was found in 11 people in different regions, the government announced on Monday. ... Devamı

Turkey’s foreign trade deficit at 3.08 billion USD in January

According to the leading January 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 2.46% to 15.05 billion USD, while imports decreased by 5.63% in the same period to 18.12 billion USD. ... Devamı

Turkey: We expect the upward pressure to continue in the first inflation data of the year

January inflation data, which stands out as the most important macroeconomic announcement of the week, is coming tomorrow. ... Devamı

Turkey PMI: Vaccine optimism brings growth in January

According to the data announced by the Istanbul Chamber of Industry (ISO) and IHS Markit; Manufacturing PMI increased from 50.8 to 54.4 in January. ... Devamı

Turkish Ministry of Foreign Affairs Condemns the Somalia Terrorist Attack

The Turkish Ministry of Foreign Affairs has released a statement on the 31st of January 2021 sending condolences to many people who lost their lives and the injured in a bomb blast perpetrated by the terrorist group Al Shabab at Hotel Afrik in Mogadishu, Somalia on the 31st of January. ... Devamı

Corruption Perception Index: Nigeria Worst Statistics

Nigeria has seen a drop in the Corruption Perception Index from 136 in 2015 to 149 in 2020. The statistics of corruption in the country has raised rapidly. ... Devamı

The case of UN Security Council and Cyprus

The UN Security Council has extended the mandate on peacekeeping which will take form on the 29th of January 2021, although Cyprus has some concerns regarding the resolutions. ... Devamı

Johnson& Johnson Vaccine Only 66% Effective

On Friday, the American pharmaceutical company Johnson& Johnson announced that its Covid-19 vaccine is 66% effective in preventing the coronavirus after 28 days of vaccination. ... Devamı

Foreign trade deficit at 4.53 billion USD in December

According to the December GTS (General Trade System) foreign trade data announced by TURKSTAT in cooperation with the Ministry of Trade; Turkey's exports in December 2020 compared to the same period of the previous year, showed an increase of 16% USD 17.85 billion, while imports increased by 11.6% in the same period amounted to 22.38 billion USD. ... Devamı

Netherlands: Anti-curfew Protests Continues

Rioters in the usually peaceful Netherlands are on their third day of curfew protest destroying, burning, looting supermarkets and more. The new curfew is from 9 pm to 4.30 am local time. ... Devamı

$17 Million Settlement for Harvey Weinstein Accusers

Accusers of the high-profile sexual assault case against Harvey Weinstein (68) have agreed to a $17 million settlement at the Delaware court on Monday, although some women have objected the terms and consider an appeal. ... Devamı

Turkey: Economic confidence increaes in Januar

Turkey’s economic confidence index rose to 96.2 in January. Increase in index; stemmed from increases in consumer and service sector confidence indices. ... Devamı

CBRT points to long-term disinflation with a medium-term perspective

At the 1st Inflation Report meeting of the year, the CBRT did not change its year-end inflation expectation and repeated it as 9.4%. ... Devamı

Importance of ROS1 fusion clinical trials

ROS1 fusion clinical trials research targeted treatments for the ROS1 gene mutation in cancers. ... Devamı

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

Africa: Uganda intense elections

Biden and Powell speeches

TKYD and IFC cooperation

Prostate cancer clinical trials

Erdogan reacts racism

ICI Turkey export climate index

Cancer clinical trial matching

Childhood cancer

Cancer second opinion

Breast cancer Clinical Trials

B-cell lymphoma clinical trials

Marginal zone lymphoma treatments

Colorectal Clinical Trials

Pancreatic Cancer Clinical Trials

Cervical Cancer Clinical Trials