Turkey's recent industrial production data disappointed in September as the output growth recorded a sharp fall of 2.8% y/y against 7.2% y/y in previous month. The data indicates the economy fell into serious recession a…
Turkey's recent industrial production data disappointed in September as the output growth recorded a sharp fall of 2.8% y/y against 7.2% y/y in previous month.
The data indicates the economy fell into serious recession ahead of the November re-election. Analysts anticipates weaker GDP growth in Q3, expected to release next month.
The result of the election of course holds new promise for business and consumer confidence -- and analysts anticipate a solid growth in the PMI and fixed investment spending once a new economic policy agenda is in place.
"Such concerns are playing a role in the market as can be seen from the lira's shaky behaviour in recent days; the lira has reversed its post-election rally entirely. We see USD-TRY at 2.90 at end-December", says Commerzbank.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
