Market Update

Data from the Ministry of Trade showed that Turkey’s trade deficit rose 192.7% Y-o-Y in September to $ 4.88 billion, according to the general trade system. The data reveal that imports increased by 23.32% to 20.89 billion dollars, while exports rose 4.84% to 16.01 billion.

Inflation in the Eurozone fell to its lowest level in more than four years, falling further in the negative zone than expected in September and raising fears of a price deflation spiral due to the Covid-19 pandemic. The European statistics office Eurostat said in preliminary estimates that consumer prices in …

Gold continued to record gains, making its way to its best weekly performance in nearly a month, as investors run to safe haven after President Trump tested positive for the Corona virus. Gold spot rose 0.5% to 1915.34 dollars an ounce, erasing losses it incurred in early trade in Asia. …

Oil prices continued to drop to more than 3% after President Trump said he and his wife had tested positive for Covid-19 besides existing concerns about demand. Brent crude fell after Trump’s headlines, down 1.47 cents, or 3.6%, to $ 39.4 a barrel, and US crude fell $ 1.40, or …

European stocks retreated after US President Donald Trump tested positive for Covid-19, which negatively affected stock markets around the world. The pan-European STOXX 600 index fell 1%. The German DAX index and the French CAC 40 index fell 1.3%, while the British FTSE 100 index fell 1%. Today, Friday, Trump …

Interfax reported, citing Russian Energy Ministry data, that oil and gas condensate production rose to 9.93 million bpd in September from 9.86 million bpd in August. Production of oil and gas condensate reached 40.65 million tons in September compared to 41.7 million tons in August. The OPEC + agreement excludes …

The dollar jumped and the safe-haven yen reached its highest levels in a week after US President Donald Trump said he had tested positive for COVID-19 and begin a quarantine. The news could cause a new wave of volatility in the market as investors prepare for the November presidential election. …

Futures contracts for major US stock indices fell after US President Donald Trump announced that he and First Lady Melania had tested positive for Covid-19. The Dow Jones index futures fell more than 400 points, the S&P 500 futures index fell by 2%, while the futures contract on the Nasdaq …

President Trump announced in a tweet early Friday morning that he and his wife Melania have both tested positive for Covid-19. “We will begin our quarantine and recovery process immediately,” he wrote. “We will get through this TOGETHER!” The news came just hours after it was announced that Hope Hicks, …

The New York Stock Exchange (NYSE) finished higher on Thursday, amid anticipation for a new economic stimulus package. The Dow Jones Industrial Average increased by 35.2 points, or 0.1%, and closed at 27,816.90 points. The S&P 500 index closed higher by 17.8 points, or 0.5%, at 3,380.8. The Nasdaq Composite …