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Euro registered, gold on the rise
The dollar, which closed the day yesterday at 7.34 on the Istanbul free market, is trading today at 7.37 liras. The euro rose to 8.84 pounds. Gold prices also made a 1 percent premium.
WALL – The Istanbul Chamber of getting managers to buy Turkey’s manufacturing sector announced by the index (PMI) showed a decline 3 months after the break, landing at the 54.3 level. According to data released yesterday, Turkey’s economy contracted 9.9 percent in the second quarter, foreign currency exchange rates were also active.
Istanbul is trading at 7.37 lire on the free market and the euro at 8.84 lire. Forcing 10 liras, the British pound rose to 9.91 liras.
At the close of yesterday, the sale price of the dollar was 7.34 lire and the sale price of the euro was 8.76 lire.
Gold prices also started the day with a 1 percent premium. Jewelers in Istanbul opened with 471 grams of gold and 770 lire for a gold quarter. At 11:00, the gram of gold rose to 473 and the gold quarter rose to 773 lire.
MIXED NAVIGATION IN GLOBAL MARKETS
ABD
Although yesterday there was a fluctuating course in the US stock markets, the month of August was completed with records. The S&P 500 Index, one of August’s best performing indices since the 1980s, rose 7 percent and the Nasdaq Index rose 9.6 percent monthly, while the Dow Jones Index posted the second close. highest monthly rate ever with a 7.6 percent premium.
While the new monetary policy strategy announced by the United States Federal Reserve (Fed) last week continued its effects on the markets, Fed Vice President Richard Clarida affirmed at an event he attended yesterday that the low rate unemployment alone is not enough to raise interest rates under the new monetary policy.
Notably, the dollar index continued its downward trend with the Fed’s statements, while bond yields followed a volatile course. The dollar index fell to 91.8, the lowest since May 2018.
EUROPE
In European equity markets, a sales-weighted course was observed yesterday. The continuation of the rise of the euro against the dollar and its negative impact on exports limits purchases on the stock markets. Yesterday, the DAX index fell 0.67 percent in Germany, the CAC 40 index fell 1.11 percent in France and the FTSE 100 index fell 0.61 percent in the United Kingdom. The indices gained an average of 3 percent per month in August.
The euro / dollar parity gained 1.3 percent in August, which led to a bullish streak for the fourth consecutive month and reached 1.1967, the highest level since May 2018.
ASIA
On the Asian side, according to data released today, the manufacturing industry PMI beat expectations, rising to 47.2 in Japan and 53.1 in China. After the macroeconomic data that gave a positive signal on the recovery of the economy, the stock markets follow a mixed course.
While the Shanghai Composite Index in China was close to closing and the Nikkei 225 Index in Japan were at previous closing levels, the Kospi Index in South Korea gained 1% in value on news that the government will increase the 2021 budget.
(EKONOMİ SERVİSİ / AA)
ECONOMY
Payment of the fee in cash will begin on September 8
[39d] For those on unpaid leave, August cash fee support payments will be made September 8-9. The short work allowance will be deposited into accounts September 3-4.
Albayrak: The foundations of the economy are solid
[23s 36d] Minister Albayrak commented that the economy contracted 9.9 percent in the second quarter of the year: the fundamentals of the economy are solid, its dynamics are strong.
The questions that Oktay did not answer were asked Albayrak
[23s 42d] President Fuat Oktay did not respond to questions from CHP deputy Mehmet Bekaroğlu on whether the additional budget proposal would reach Parliament due to exceeding the borrowing limit. This time, Bekaroğlu, who made a motion with the request for a response from the Minister of Finance and Finance, Berat Albayrak, said: “Doesn’t this legal excess of indebtedness, which completely eliminates fiscal discipline, also a kind of illegality, not recognize the rules? ” he demanded an answer to his question.
The economy contracted 9.9 percent in the second quarter
[1g 1s 3d] While the largest contraction by sector occurred in the services sector with 25 percent, the industry contracted by 16.5 percent. As the use of food and the Internet multiplied during the period of the corona epidemic, there was an increase in these sectors. National per capita income, which was $ 12,400 in 2013, also fell below $ 9,000.
