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

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

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