Today in the Markets
The TCMB (Central Bank of the Republic of Turkey) has made changes to the interest rates applied in rediscount and advance transactions. The annual discount interest rate applied in rediscount transactions for bills with a remaining maturity of up to 3 months is 30.75%, while the annual interest rate applied in advance transactions is 31.75%.
What Happened?
The TCMB has made changes to the interest rates applied in rediscount and advance transactions. The annual discount interest rate applied in rediscount transactions for bills with a remaining maturity of up to 3 months is 30.75%, while the annual interest rate applied in advance transactions is 31.75%.
It was reported that Volkswagen's computer system experienced a major malfunction, leading the company to halt production in many factories.
Energy and Natural Resources Minister Bayraktar announced that they discussed cooperation with Rolls-Royce Group in the field of small modular reactors for nuclear energy.
The U.S. has imposed sanctions on numerous companies and individuals, including two Turkish companies, for contributing to Iran's UAV program.
U.S. House of Representatives Speaker McCarthy stated that he still believes the federal government shutdown can be prevented.
Fitch expects a slowdown in consumer spending in the United States as of the fourth quarter of this year.
SEC Chairman Gensler asserted that Bitcoin is not a security.
According to JPMorgan, if the problem credit rates stemming from insolvent real estate development firms continue to rise, Chinese banks' earnings could decline by as much as 10% in 2024.
Azerbaijan's President Aliyev stated that the rights of Armenians living in the Karabakh region will be protected within the framework of national laws and international obligations.
Serbia's President Vucic expressed readiness to hold early general elections on December 17.
Burkina Faso's military administration announced the suppression of a coup attempt on September 26.
What's Next?
Domestically, the Economic Confidence Index will be announced.
In the U.S., GDP data and Initial Jobless Claims will be disclosed.
It is expected that Fed Chairman Powell will deliver a speech.
S&P is expected to release a report on Turkey on September 29.
We expect Borsa Istanbul to have a flat opening this morning.
Source: Info Investment
Hibya Haber Ajansı British News Agency