Economic Agenda and Global Developments in the Markets
Minister Şimşek's statements on the fund market and inflation, along with current figures in gold, foreign exchange, and oil markets, are being closely monitored.
Assessments regarding economic indicators by Turkish Treasury and Finance Minister Mehmet Şimşek and the market reflections of geopolitical risks are being closely followed. While volatility in oil prices affects inflation expectations, the latest situation in gold and foreign exchange markets is taking shape.
The Situation in Fund Markets
Turkish Treasury and Finance Minister Mehmet Şimşek stated in a television program he attended that credit and liquidity problems in the fund market affected only a limited number of funds. Şimşek emphasized that there is no widespread systemic risk and that the measures taken are sufficient at the current stage.
Inflation and Oil Prices
It was announced that oil prices, which were projected to average around $65 for the year 2026 at the beginning of the year, rose to approximately $90 due to the impact of the war. It was stated that this development increased year-end inflation by about 7 points, and that without the war, inflation could have finished around the 21-22 percent levels.
Geopolitical Developments and Energy
The closure of a critical oil pipeline by Saudi Arabia due to attacks by Yemen's Houthis and Aramco's announcement that it will not allocate crude oil to certain refinery customers were among the significant developments of the day. The possibility of a potential meeting between the US and Iranian leaders within the scope of the United Nations General Assembly is also being monitored.
Gold and Foreign Exchange Markets
While spot gold pulled back to around $4,360 in the morning hours, gram gold is trading at levels of 6,849 TL. The US Dollar/TRY rose by 0.07 percent to renew its historical peak at 48.80, while the Euro/TRY is hovering around 56.05 with an increase of 0.05 percent.