News

image
13 Mar 2024 09:25

Spring signal for ECB rate cut

Daily News

European Central Bank (ECB) officials continue to strongly guide interest rates to the spring months. The latest statement came from the French member. European C...

Read More
image
13 Mar 2024 09:24

Gold's rapid rise has stopped

Daily News

Gold extends losses as U.S. inflation data strengthens Fed’s focus. Gold snapped a record nine-day rally as U.S. inflation beat forecasts for a second month in Fe...

Read More
image
13 Mar 2024 09:23

Rising momentum in oil

Daily News

Oil rose after four days of losses as an industry report showed shrinking U.S. crude inventories offset hesitant OPEC cuts. U.S. crude rose to around $78 a barrel...

Read More
image
13 Mar 2024 09:22

US budget deficit hits $296 billion in February

Daily News

The US federal government's budget deficit increased by 13 percent in February compared to the same month the previous year, reaching $296 billion. The US Treasur...

Read More
image
13 Mar 2024 09:22

US core inflation beats forecasts for second month

Daily News

Core inflation in the US exceeded estimates for the second month, confirming the Fed’s cautious interest rate cut view. Inflation in the US was 0.4 percent monthl...

Read More
image
12 Mar 2024 09:21

Record Bitcoin mining revenues

Daily News

As Bitcoin prices continue to rally, Bitcoin miners’ daily earnings have also hit an all-time high. As the price of the largest cryptocurrency asset continues to ...

Read More
image
12 Mar 2024 09:21

Contrasting market commentary from two major banks

Daily News

Strategists at JPMorgan and Bank of America (BofA) have diverged in their expectations for the S&P 500. Strategists from the two major banks have offered opposing...

Read More
image
12 Mar 2024 09:20

ECB tends to keep critical reserve ratio constant

Daily News

The European Central Bank (ECB) is inclined to keep the reserve ratio that Eurozone banks must park at the ECB without interest. According to sources familiar wit...

Read More
image
12 Mar 2024 09:19

Gold awaits US inflation data

Daily News

Gold bounced after eight straight days of gains as investors watched Tuesday’s consumer price index statement for clues about when the U.S. Federal Reserve might ...

Read More
image
12 Mar 2024 09:18

The calm in oil

Daily News

Oil is set to ease ahead of the OPEC monthly report and US inflation data. Oil is trading flat after a three-day slide ahead of a raft of market reports and US in...

Read More
image
11 Mar 2024 09:53

Fitch upgrades Turkey's credit rating

Daily News

International credit rating agency Fitch Ratings has upgraded Turkey’s credit rating from “B” to “B+”, while changing the outlook from “stable” to “positive”. Fit...

Read More
image
11 Mar 2024 09:52

Oil trending down

Daily News

Oil fell ahead of U.S. inflation data and reports from OPEC and the IEA that could provide clues about the demand outlook this week. Brent futures fell 1.1 percen...

Read More
image
11 Mar 2024 09:48

What do economists expect from the Fed in March?

Daily News

Following the latest data, economists say the risk of the Fed cutting interest rates later and by less is decreasing. Following Fed Chair Jerome Powell’s statemen...

Read More
image
11 Mar 2024 09:47

Japan pulls back from the brink of recession

Daily News

Japan avoided a technical recession as revised fourth-quarter data showed the economy grew by 0.4 percent. Japan avoided a technical recession on Monday after rev...

Read More
image
08 Mar 2024 09:32

Interest rate cut prediction from Europe's hawkish official

Daily News

German Central Bank President and European Central Bank Governing Council Member Joachim Nagel has predicted the possibility of a rate cut before the summer holid...

Read More
image
08 Mar 2024 09:32

Fed official worries about early rate cut

Daily News

The Fed’s Mester said the bigger danger is cutting rates too quickly. Cleveland Fed President Loretta Mester worries about keeping rates high for too long rather ...

Read More
image
08 Mar 2024 09:31

Oil heads for weekly gain

Daily News

Oil rose after services were briefly suspended on the Keystone pipeline, a key conduit that carries Canadian crude to the U.S. Brent crude futures rose above $83 ...

Read More
image
08 Mar 2024 09:30

US banking sector profits fall by 44 percent

Daily News

The banking sector's profit in the US decreased by approximately 44 percent in the fourth quarter of 2023 compared to the previous quarter, falling to $38.4 billi...

Read More
image
08 Mar 2024 09:28

Powell's message on rate cuts

Daily News

Fed Chair Jerome Powell stated that in order to begin cutting interest rates, they want to be sure that inflation has fallen to target and said, “When we gain tha...

Read More
image
08 Mar 2024 09:28

US trade deficit widens in January

Daily News

The US foreign trade deficit increased by 5.1 percent on a monthly basis in January, reaching $67.4 billion. The US Department of Commerce announced foreign trade...

Read More
image
07 Mar 2024 09:50

Reserve requirement step from the Central Bank

Daily News

Within the scope of additional tightening steps supporting the tight monetary policy stance of the Central Bank of the Republic of Turkey (TCMB), a required reser...

Read More