Overview
President Recep Tayyip Erdogan made statements about the economy in Istanbul at the weekend.Erdogan said that: "Interest rose to 40%. We dismissed the Governor of the Central Bank. With our new Governor of the Central Bank, the interest rate...
Overview
US President Donald Trump created confusion for the markets over the weekend when he seemed to suggest China was desperate for a trade deal.
Talking to the media on Saturday, Trump claimed Chinese supply chains were “broken like an egg.”...
Weekly look at Commodities
The United Federal Reserve cut during its October meeting interest rates for the third time this year. The federal funds rate was lowered by 25 basis points to between 1.5% and 1.75%.
The Fed’s decision or “insurance...
Weekly look at Crypto
The New York-based Cryptocurrency platform Bakkt, an affiliate Intercontinental Exchange which owns the New York Stock Exchange announced on Thursday that it will "launch the first regulated options contract for bitcoin futures," starting from December 9...
Overview
The Central Bank of the Republic of Turkey is meeting to decide on its interest rates on October 24. The CBRT's Monetary Policy Committee (MPC) has, in its last two meetings, slashed the rates by 750 basis points in...
Overview
US President Donald Trump on Friday announced that he and a Chinese delegation reached the first phase of a what he called a “preliminary” deal to end their trade war.
President also suspended his long-threatened tariff hikes on at least...
Overview
The US Labor Department’s monthly jobs report on Friday showed an increase of 136,000 in nonfarm payrolls last month, that was less than the August figure but still below the estimated 145K. The data also showed the unemployment rate...
Weekly look at Crypto
Minneapolis Fed President Neel Kashkari told a panel discussion at Montana State University last week that cryptocurrency market was like “the Wild Wild West.”
“I could go tomorrow and create Neel coin, you’ve got BitCoin, you’ve got...
Global energy markets saw their largest percentage moves after last week’s drone attacks on Saudi oil production facilities in Abqaiq and Khurais. The attacks that immediately halved the country’s output came at a time of high tensions between Iran and Saudis’ biggest ally the United States.
Overview
The US Federal Reserve’s next week policy meeting will most likely bring about a second cut in interest rates this year. The cut largely expected to be again at 25 basis points- although some market-watchers put their bets on...
