Agenda on the Markets: Industrial Production Data and Istanbul Economy Forum
While industrial production and the construction cost index are announced domestically, consumer confidence is being monitored in the US. Messages from central bank executives are being followed at the Istanbul Economy Forum.
On the last trading day of the week, domestic industrial production and construction cost index figures are released, while US consumer confidence data is being watched. In global markets, gold prices are on the rise, while oil prices are experiencing a decline.
Rise in Global Gold Prices
The weakening of the dollar and the decline in US bond yields are among the main factors supporting gold prices. Spot gold has increased per ounce, while investors are evaluating inflation concerns and expectations regarding the Fed's interest rate policy.
Downward Trend in the Oil Market
US President Donald Trump's statements regarding Iran and progress in talks to end the war have pulled oil prices down. With the easing of supply risks, Brent crude and US crude oil have lost value.
Domestic Economic Data Announced
Domestically, industrial production and the construction cost index are being tracked. While industrial production points to the growth trend in the economy, the construction cost index indicates cost pressures in the sector and their reflections on housing prices.
Critical Sessions at the Istanbul Economy Forum
On the second day of the Istanbul Economy Forum, uncertainties in trade, the role of domestic and external demand in growth, and the effects of customs tariffs are being discussed. Global monetary policy and economic outlook are closely monitored.
Messages from Central Bank Governors
CBRT Governor Fatih Karahan and Bank for International Settlements General Manager Pablo Hernández de Cos are attending the interview. The forum concludes in the afternoon with financial stability panels and Karahan's closing speech.