China: Evergrande coupon payment and beyond

Today, the $83.5 million debt settlement of Evergrande's 5-year USD bond will be looked at. If the coupon payment is missed, it defaults within 30 days. ...
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Fed: Tapering to start soon, rate hike more likely to be in 2022

The FOMC statement shows that the Fed will taper now unless a major economic shock spreads and disrupts business. ...
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China: Evergrande interest payment issue and fear of contagion

Evergrande's onshore subsidiary has announced that it will pay interest on the bond payments, but the details of the coupon payments are not clear. ...
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US: Price effect on home sales

According to the housing sales data we looked at to spend some time before the Fed; In second hand house sales, it is seen that buyers make less purchases due to the weak housing inventory (supply driven) and high prices (inflationary pressure). ...
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CBRT: Policy easing questions on core inflation focus

Although we do not expect an interest rate change from the CBRT's meeting to be held tomorrow, due to the current financial market stress and the continuing high pressure of inflation; We carefully follow the evolution of monetary policy towards easing. ...
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UK: “Global UK”, joining USMCA, trade agreements, BOE

The UK is seeking to join the North American Trade Pact, formerly known as NAFTA, which was renamed USMCA after Trump's revision, for an effective positioning on global trade. ...
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Fed: Looking for clues to tapering at September FOMC meeting

The decisions of the Central banks, especially the Fed, will be very important in guiding monetary policy expectations and market movements. ...
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US/China/Europe: Geo-strategic partnership against China, regional security, collateral damage

We emphasized that the strained relations during the Trump era were not related to the administration, but to the national policies of the US, and that things would not change much during the Biden era. ...
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China and the US: Multidimensional risk balance

While the market focuses on the Fed's decisions with a high degree of impact; some stress factors also have to be monitored. ...
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CBRT: Total rediscount credit limit increases to 30 billion USD

According to the statement made by the CBRT, the terms of use and repayment of rediscount credits for export and foreign exchange earning services have changed as of October 1. ...
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CBRT Market Participants Survey: 2021 year-end inflation expectation at 16.74%

In the CBRT September Market Participants Survey, the current year-end inflation expectation was 16.74%. ...
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China: Evergrande crisis spillover effect

The Evergrande crisis, which has emerged from the real estate sector and increased its potential to spread, needs to be looked at from a multidimensional perspective. ...
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Turkey: Budget balance turns into surplus in August with the effect of tax collection

According to the August budget data announced by the Ministry of Treasury and Finance; The fiscal balance, which had a deficit of 45.8 billion TRY in July 2021, gave a surplus of 40.8 billion TRY (4.83 billion USD) in August 2021. The budget had a surplus of 28.2 billion TRY in the same period of last year. ...
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China: Delta, spending impact and growth concerns

According to the data released from China this morning; There was a disappointing 2.5% year-on-year increase in retail sales in August. ...
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CBRT: FX deposit RRs increases by 200 bps

According to the decree published in the Official Gazette, the CBRT increased the required reserve ratio for foreign currency deposits by 200 basis points. ...
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China: Evergrande “default” issue

Investors of Evergande, which has a shortage of liquidity and has a known debt of 300 billion USD, are worried about the risk of bankruptcy these days. ...
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US: Things to know before CPI

In the busy economic publishings week before the Fed, the US inflation figures for August will come to the fore today. ...
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