Cryptocurrency
Last Friday, employment in the United States exceeded expectations in February, while wage gains remained moderate, signaling healthy economic growth and softer inflation. Following the data, the Fed swap market fully priced in a 25 basis point interest rate cut in June.
Following the non-agricultural data in the USA that exceeded expectations, the ounce price of gold increased by 1 percent and broke a new record.
Oil fell ahead of US inflation data and reports from OPEC and IEA this week that could provide clues about the demand outlook.
Asian markets: Japanese stocks led the losses in the region.
Japan averted a technical recession as revised fourth-quarter data showed the economy grew by 0.4 percent.
Consumer prices in China increased on an annual basis for the first time in 6 months in February. On the other hand, the decline in producer prices, which has been continuing for 16 months, continued in February.
President of the Turkish Exporters’ Assembly, Mustafa Gültepe, said that the devaluation decision taken in Egypt will have a positive impact on the companies investing in Egypt.
International credit rating agency Fitch Ratings increased Turkey’s credit rating from “B” to “B+” and increased its rating outlook from “stable” to “positive”.
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