Turkish CPI and PPI

Energy Prices Soaring as Both Russia and Ukraine Take a Beating

March 3, 2022

The price of West Texas Intermediate crude oil jumped another 3.5% overnight and has risen 52% since the end of 2021. The dollar jumped 11% overnight against the Russian ruble. Trading on the Russian stock exchange remains suspended. Russia’s banking system is gripped by an extreme liquidity shortage, and the country’s sovereign debt rating has […] More

Omicron, Central Banks, ISIS, Metaverse, OPEC, Russia, Inflation and January PMIs Vying for Market’s Attention

February 3, 2022

The top leader of ISIS and his family have died after a U.S.-led raid in Syria. Geopolitical tensions between the U.S. and Russia remain very high. A total of 3,623 Covid-19 deaths yesterday in the United States were the greatest single-day total in a year. Omicron affected numerous service-sector and composite purchasing manager surveys reported […] More

Opening Bell on 2022

January 3, 2022

Some financial markets such as those in Japan, China, Great Britain, Australia, and New Zealand remained closed on this first business day of 2022. But manufacturing sector purchasing managers surveys were reported for many economies, and some price data were released, too. In market activity, the dollar held steady against the Japanese yen and Chinese […] More

Inflation and Debt Ceiling Concerns Nudge Stocks and Dollar Lower

October 4, 2021

Equity markets closed down 2.2% in Hong Kong, 1.1% in Japan, 1.6% in South Korea and 1.0% in Taiwan. China was closed for a National Holiday and will remain so through Thursday. The German Dax is unchanged, and while some other European bourses show marginal rises, U.S. stock futures are off around 0.4%. The dollar […] More

Much Data in Spite of U.S. Holiday

July 5, 2021

Monday’s menu of economic data releases includes over 30 purchasing manager surveys, French industrial production, British and German new car sales, Turkey’s CPI and PPI, Australian and Singaporean retail sales, and consumer confidence in Spain, Mexico and the Philippines. Fissures have developed in OPEC unity over production quotas. Observances continue of America’s 245th birthday. Today […] More

Investor Anxiety on Multiple Fronts

June 3, 2021

Investor concern about runaway inflation keeps getting fed by fresh data. Today’s menu of May purchasing manager survey reports revealed record input inflation in many cases, intensifying capacity constraints, and input price inflation bleeding into output charges. A further 4-percentage point acceleration of Turkish producer price inflation to a 30-month high of 38.2% in May […] More

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