Cryptocurrency
The US federal government recorded a budget surplus of $258 billion in April due to tax and customs revenues.
US President Donald Trump, who said he could visit Türkiye on Thursday, said that in addition to the Russia-Ukraine ceasefire process, they are also working with President Recep Tayyip Erdoğan on Syria and that they can lift sanctions on this country.
US President Donald Trump signed a presidential decree aiming to reduce drug prices by 30 to 80 percent, stating that this step is the most important decision taken for the American people in recent years.
The New York Stock Exchange completed the first trading day of the week with a rally after the US and China announced that they agreed to reduce the customs duties they apply to each other for 3 months.
US President Donald Trump stated that they achieved a complete “restart” with China after the productive talks held in Geneva, and that China will suspend and remove all non-monetary barriers.
Goldman reduced the risk of recession from 45 percent to 35 percent following the suspension of Chinese tariffs.
Apple is expected to see its profit margin fall if it does not increase its prices.
The European Central Bank may cut interest rates more than expected this year, lowering the deposit rate from the current 2.25 percent to 1.75 percent by the end of the year.
Gold has stabilized after a sharp sell-off due to falling demand for safe havens.
Fitch Ratings stated that Türkiye’s debt markets are growing despite political difficulties and global volatility.
President Recep Tayyip Erdoğan made statements after the Presidential Cabinet Meeting, saying, “The painful process the world and our region are going through should never make you anxious or worry. Our business circles and investors in particular should definitely not be worried.”
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