Market Outlook: Stocks Finish the Day with Gains

Foreks - The BIST 100 index closed the day with an increase of 73.44 points at 9300.3. According to the Foreks News survey, a decrease of 88.69 points was expecte...

Goldman Sachs Lowers Its Recommendation for Hong Kong Stocks

Goldman Sachs analysts have downgraded their market recommendations, noting that while Hong Kong stocks appear cheap, they may miss out on the benefits of China's...

Fed/Logan: Caution Required on Interest Rate Cuts

Foreks - Dallas Fed President Lorie Logan stated that the U.S. central bank should exercise caution regarding further interest rate cuts to avoid inadvertently re...

Richmond Fed President Barkin Predicts Inflation Will Decline Next Year

Forex - Richmond Fed President Tom Barkin stated that he expects inflation to continue to decrease over the next year and implied that the pace of interest rate c...

Rail Traffic Volume in the U.S. Rises by 4.5%

Foreks - The total volume of rail transportation in the United States increased by 4.5% in the week ending November 9 compared to the same week last year. Accordi...

Core Machinery Orders in Japan Unexpectedly Plummet

Forex - Japan's core machine orders unexpectedly fell in September compared to the previous month. Orders were expected to grow in this quarter of the year.

In ...

Cisco Earnings Beat Expectations at $0.04, Profit Surpasses Estimates

According to Cisco's (NASDAQ: CSCO) report, the earnings per share for the first quarter was $0.91, which is $0.04 better than analysts’ expectations of $0.87. Th...

Fed/Collins: Economic Outlook Uncertainty Limits Fed's Guiding Ability

Boston Fed President Susan Collins stated that uncertainty regarding the economic outlook limits the kind of guidance that can be provided concerning the outlook ...

Apple Faces £3 Billion 'iCloud Monopoly' Compensation Claim in the UK

Forex - In the UK, the consumer rights group 'Which?' has filed a lawsuit against Apple (NASDAQ:AAPL) on behalf of approximately 40 million users of the iCloud cl...

Goolsbee Expects 125 Basis Points in Rate Cuts from the Fed by the End of 2025

Foreks - Chicago Fed President Austan Goolsbee stated that he believes policymakers will reduce the U.S. central bank's policy rate by a quarter point this year a...

U.S. Federal Budget Posts Largest Deficit Since 2020 in October

Forex - The U.S. budget deficit increased as the new fiscal year began, casting a shadow over the budget outlook as Washington prepares for a second Trump preside...

Finance Initiates Action Against Informality in the Alcoholic Beverage Sector

The Ministry of Finance has initiated a study targeting the informal economy in the alcoholic beverage sector. According to the announcement, a physical inventory...

Fed/Schmid: The Massive Surge in Public Debt Will Impact Monetary Policy

Forex - Kansas City Fed President Jeff Schmid stated that the "tremendous" increase in government debt will have an impact on U.S. monetary policy, but he does no...

Ziraat Bank Refutes Allegations in the Press and Social Media

Foreks - Ziraat Bankası denied the claims made in the press and social media. In the bank's statement, the following information was provided:
"It has been obse...

"9th Judicial Package Becomes Law"

The "Draft Law on Amending Certain Laws," commonly known as the "9th Judicial Package," has been published in the Official Gazette and has come into effect. Accor...

PLASFED President Ömer Karadeniz: Turkish Industrialists Struggling with Access to Finance are Losing Ground

Foreks - As access to finance becomes increasingly difficult in Turkey, companies are anxiously monitoring the rising costs of financing. This situation is partic...

EIA Raises Oil Production Forecasts

Forex - The U.S. Energy Information Administration (EIA) has slightly raised its U.S. and global oil production forecasts.

In its "Short-Term Energy Outlook" re...

TPAO to Explore for Oil in the Aegean Sea

Turkey's Petroleum Corporation (TPAO) has obtained licenses to explore for oil in 9 areas within Turkish territorial waters in the Aegean Sea. Announcements relat...

UK Chancellor to Establish Retirement 'Mega Funds' to Strengthen the Economy

UK Finance Minister Rachel Reeves has announced plans to establish a series of "mega funds" with new investment power of up to £80 billion ($102 billion) as part ...

Ministry of Trade Issues 575 Inward Processing Permits in October

The Ministry of Trade issued 575 domestic processing permits in October. The lists of domestic processing permits for October 2024, domestic sales and delivery do...

UK Housing Prices Show Fastest Rise in Over Two Years in October

In October, home prices in the UK showed the fastest increase in over two years. According to a survey conducted by the Royal Institution of Chartered Surveyors (...