Market News

Coming Up: US CPI Inflation

Economists expect that the US CPI rose 0.1% in August. The year-on-year rate of inflation is expected to stay at 1.8%. The core CPI, which excludes food and energy prices, is expected to have risen 0.2%. US consumer price inflation has been tame in recent years and consistently below the Federal Res...

12 Sep 19 (Thu)

12:21 pm

US Treasury Sec. Mnuchin: Negative interest rates in Europe are concerning

Commenting on the European Central Bank's (ECB) decision to lower its rate on the deposit facility by 10 basis points to -0.5%, US Treasury Secretary Mnuchin told CNBC that he was not surprised by the ECB's decision and argued that negative interest rates in Europe were concerning and that they w...

12 Sep 19 (Thu)

12:20 pm

ECB cuts deposit rate, restarts bond-buying program

The European Central Bank on Thursday cut its deposit rate further into negative territory, decreasing it by 10 basis points to negative 0.5%, while also announcing it would restart its monthly bond-buying program as it attempts to lift a moribund eurozone economy.  Among other measures...

12 Sep 19 (Thu)

12:07 pm

ECB cuts 10bps, QE restarted at €20bn pace

The European Central Bank has lowered its deposit rate by 10 basis points from -0.40% to -0.50% However, the ECB announced that it will restart its QE program from November 1, buying 20 billion euros per month with no time limit. The ECB will stop purchases before raising rates.

12 Sep 19 (Thu)

11:53 am

ECB Deposit Facility Rate (Sep)

Actual: -0.50% Forecast: -0.50% Prevous: -0.40%

12 Sep 19 (Thu)

11:46 am

Coming Up: ECB Interest Rate Decision

Most economists expect a 10 basis point deposit rate cut, more generous TLTRO conditions and €30 million per month of quantitative easing. The announcement will be followed by President Mario Draghi's news conference and his statements about inflation will be significant. The meeting will bring n...

12 Sep 19 (Thu)

11:38 am

Turkey: CBRT cuts policy (one-week repo auction) rate to 16.5% from 19.75%

Goods and services exports continue to display an upward trend despite the weakening in the global economic outlook, indicating improved competitiveness. Inflation outlook continued to improve. In addition to the stable course of the Turkish lira, improvement in inflation expectations a...

12 Sep 19 (Thu)

11:11 am

Breaking News

Turkey cuts one-week repo rate to 16.50% from 19.75%

12 Sep 19 (Thu)

11:02 am

Turkey Interest Rate Decision

Turkey One-Week Repo Rate Actual: 16.50% Forecast: 17.25% Previous: 19.75%

12 Sep 19 (Thu)

11:00 am

Turkey Interest Rate Decision will be published in 15 minutes.

In Turkey, the CBRT is expected to a 250 basis point interest rate cut in the meeting. A huge rate cut would raise the risk on the Turkish Lira again.

12 Sep 19 (Thu)

10:46 am

Eurozone Industrial Production (YoY) (Jul)

Actual: -2.0% Forecast: -1.3% Previous: -2.4%

12 Sep 19 (Thu)

09:03 am

Ifo cuts its GDP forecast for the German economy

Sees 2019 GDP growth forecast at 0.5% (previously 0.6%) Sees 2020 GDP growth forecast at 1.2% (previously 1.7%) Expects Q3 GDP to fall by 0.1% q/q; possible slight recovery in Q4

12 Sep 19 (Thu)

08:18 am

China’s Commerce Ministry: Welcome US's goodwill gesture

When asked about trade dispute with the US, says it welcomes US's goodwill gesture. Chinese firms have started to inquiring about prices for US farm buys. Hopes both sides will creative favorable conditions for talks.

12 Sep 19 (Thu)

07:36 am

Saudi oil minister: Every OPEC+ country should pull its weight

OPEC+ must maintain a high degree of cohesion Every country should comply with oil output cuts Will share our course of action for the future after today's meeting

12 Sep 19 (Thu)

06:43 am

Headlines the Economic Calendar on Thursday

1. Turkey Interest Rate Decision In Turkey, the CBRT will hold its monetary policy council meeting today. The governor Murat Uysal is widely expected to deliver a rate cut, with the only question being how much. The expectation is 250 basis point interest rate cut in th...

12 Sep 19 (Thu)

06:27 am

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