News
The US Federal Reserve (Fed) has lifted the asset cap imposed on Wells Fargo, one of the country’s major banks, in 2018, paving the way for the bank’s renewed growth.
White House spokeswoman Karoline Leavitt said the US Trade Representative (USTR) sent a letter to trade partners asking them to submit proposals as a reminder that a deadline for reaching an agreement on tariffs is approaching.
Factory orders in the US fell 3.7 percent in April compared to the previous month’s estimate of 3.2 percent.
Atlanta Fed President Raphael Bostic said he was not in a hurry to change interest rates.
Meta won approval from Constellation for the purchase of Meta Platforms Inc.’s Illinois Nuclear Power Plant in a 20-year contract starting in mid-2027.
Eurozone inflation fell more than expected, falling below the European Central Bank’s (ECB) 2 percent target.
The seasonally adjusted unemployment rate in the EU was 5.9 percent in April, while it was 6.2 percent in the Eurozone.
Bank of England (BoE) Governor Andrew Bailey stated that uncertainties created by global trade policies are putting pressure on economic growth and that they will continue to take a gradual and cautious approach to reducing interest rates in this environment.
Making statements after the Cabinet Meeting, President Recep Tayyip Erdoğan stated that there was no reason to think negatively or be pessimistic, and said, “A historic window of opportunity has opened for Türkiye.”
Oil remained flat after a two-day increase as a result of the balance between the fires in Canada and signs of declining US stocks.
Minister of Industry and Technology Mehmet Fatih Kacır participated in the joint Bloomberg HT-Habertürk TV broadcast.
Morgan Stanley shared its TCMB expectations in its analysis after the inflation data, drawing attention to the significant decrease in inflation in May.
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