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Market Update

U.S. Consumer Sentiment Declines in January

Consumer Sentiment in the United States declined marginally in January, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index registered 79.0 in January 2021, down from 80.7 in December. In addition, the index remain below its level in January 2020 at 99.8, prior to the Coronavirus …

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Turkish Tourism Revenues Fall 65% in 2020

Data from the Turkish Statistical Institute showed that the country’s tourism revenues in 2020 decreased by 65.1% to 12.059 billion dollars, showing the impact of the widespread travel restrictions imposed due to the emerging coronavirus pandemic. The data also revealed that tourism revenues in the fourth quarter of last year …

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WTI Settles Above $ 52

WTI settled unchanged this week, with futures settling above $52 a barrel, but below an 11-month high that touched it earlier in the month, as worries about fuel demand overshadowed lower global supplies. Earlier in January, OPEC+ announced production cuts through the first quarter of 2021, Saudi Arabia engaged in …

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