News
Japanese and South Korean steel stocks fell after Trump said he planned to double tariffs on steel imports.
Fed Governor Christopher Waller said interest rate cuts were possible this year, although the Trump administration’s tariffs could temporarily increase price pressures.
China responded to Washington’s accusation that it was violating the Geneva accords.
US Treasury Secretary Scott Bessent said the US would never default.
US businessman Elon Musk, owner of Tesla and SpaceX, said the US Department of Government Efficiency (DOGE) was wronged and made a “scapegoat”.
International Energy Agency (IEA) President Fatih Birol answered Bloomberg HT’s questions. Birol said that China was dominating the refining of critical minerals with a far-sighted policy. Birol explained that just as the agency has a system to relieve shortages when there is an oil crisis in the market, they will conduct a similar study on critical metals.
In June, the monetary policy decisions of major central banks such as the US Federal Reserve (Fed), the European Central Bank (ECB), the Bank of England (BoE) and the Bank of Japan (BoJ), as well as the Central Bank of the Republic of Turkey (TCMB) domestically, will be monitored.
The cargo load and container volume carried in Chinese ports increased on an annual basis in the first 4 months of 2025, while signaling resistance to the external shock created by the tariff showdown with the US.
According to ITO data, annual inflation in retail prices was 46.57 percent in May. It had risen to 47.21 in April.
The uncertainty and ups and downs that stand out in Borsa Istanbul and the global stock outlook are suppressing investors’ risk appetite. Along with stock investors, fund investors have also prioritized protecting existing money rather than making money during this period.
In the analysis published on the Central Bank of the Republic of Turkey (TCMB) blog page, it was stated that there was no significant increase in default rates in the real sector during the last tightening period.
Tariff wars in the world and financing difficulties due to macroeconomic problems in the country would bring the option of receivables insurance to the agenda. Companies experiencing working capital difficulties face the dilemma of keeping money in their pockets and getting insurance for a rainy day. This year, the target of 150 million TL premium and 25-30 billion TL coverage is seen to be more dependent on domestic economic developments.
The results of the Istanbul Chamber of Industry’s ISO 500 2024 revealed the difficulties experienced in the industrial sector. In 2024, when 152 companies declared losses, almost all of the profits went to financial expenses. While evaluating the 2024 results, ISO President Erdal Bahçıvan called for “Industrialists should no longer pay the price of further inflation” and drew attention to the risk of a supply problem.
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