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Today’s Important Developments 23.02.2024
S&P Global announced the US’s leading manufacturing, services and composite PMI data for February. Accordingly, the manufacturing industry PMI increased by 0.8 points to 51.5 in February compared to the previous month. During this period, the index was expected to reach its highest level in 17 months and reach a value of 50.5, indicating the […]
Today’s Important Developments 22.02.2024
In the minutes of the Fed’s January meeting, most officials pointed out the risks of rapid interest rate cuts. Officials have said they want to see more evidence that inflation is coming down to target. “Definitely not now,” Fed Board Member Michelle Bowman said, explaining why she thinks interest rates shouldn’t be lowered anytime soon. […]
Today’s Important Developments 21.02.2024
The declines in Wall Street indices yesterday, led by technology stocks, were effective. Losses continue in futures transactions on the new trading day. Bezos completed the sale of 50 million Amazon shares, netting $8.5 billion. While the revenue of Walmart, one of the largest retail chains in the USA, increased in the last three months, […]
Today’s Important Developments 20.02.2024
The postponement of expectations regarding interest rate cuts by the US Federal Reserve Fed, due to the strong economic data announced, caused investors to increase their cash positions again. The German Central Bank (Bundesbank) shared its prediction that the contraction in the German economy will continue in the first quarter of this year. Chinese banks […]
Today’s Important Developments 19.02.2024
Goldman Sachs strategists raised their forecasts for a second time just a few months after setting a 2024 target for the S&P 500 Index, with the stock market eclipsing the key 5K milestone this month. “Increasing profit forecasts are the driver of the revision,” a team led by David Kostin wrote in a note to […]
Today’s Important Developments 16.02.2024
The US Department of Labor announced weekly data on unemployment benefits applications. Accordingly, the number of people applying for unemployment benefits for the first time in the country decreased by 8 thousand people in the week ending February 10 compared to the previous week, falling to 212 thousand. It was predicted that the number of […]
Today’s Important Developments 15.02.2024
The US Department of Labor has published its annual update on the seasonal adjustment of producer inflation. Accordingly, the change in PPI in the country, which was previously announced as a 0.1 percent decrease for December 2023, was revised as a 0.2 percent decrease. The decrease in PPI data for October and November last year […]
Today’s Important Developments 14.02.2024
Inflation in the US exceeded forecasts in January. According to the data of the US Department of Labor, monthly inflation was 0.3% and annual inflation was 3.1%. The expectation was that inflation would be 0.2% monthly and decline to 2.9% annually. Inflation was 0.2% monthly and 3.4% annually in December last year. US Treasury Secretary […]
Today’s Important Developments 13.02.2024
The US Federal Reserve (Fed) New York Branch published the results of the Consumer Expectations Survey for January. According to the results of the survey conducted with the participation of approximately 1300 households, the short-term median inflation expectation covering the next 12 months remained unchanged at 3 percent in January. Thus, short-term inflation expectation continued […]
Today’s Important Developments 12.02.2024
The Fed interest rate cut expectations in the markets have begun to converge with the projections of the US Federal Reserve members. There is a calm atmosphere in the markets before the critical US inflation data to be announced tomorrow. Investors have started pricing in four, at most five, interest rate cuts this year in […]
