Cryptocurrency
The US Treasury Department has eased sanctions on Syria.
US President Donald Trump stated that he is not seeking an agreement with the European Union (EU), which he proposed to impose a 50 percent tariff starting from June 1 on the grounds that trade talks have not reached a conclusion.
Investors have pushed the yield on the 30-year benchmark bond to 5.1 percent, close to a 20-year high, while stocks and the dollar have lost value.
US President Donald Trump announced that he has postponed his decision to directly impose a 50 percent tariff on the European Union (EU) starting from June 1 to July 9, 2025.
When asked about Apple’s statements that it would impose a minimum of 25 percent tariff if it did not manufacture its products in the US, US President Donald Trump said, “There will be more. It will apply to Samsung and everyone who manufactures that product. Otherwise, it would not be fair. I mean, everyone who manufactures that product, and I think it will start at the end of June.”
Oil traded sideways on expectations that trade tensions may ease.
Hedge funds have taken positions in Brent oil expecting an increase as talks between the US and Iran have stalled.
It was decided to open a dumping investigation into the import of junction boxes for solar panels, sodium gluconate and aluminum frames for photovoltaic panels from China.
The Central Bank of the Republic of Turkey (TCMB) announced that the mandatory reserve ratio, which is 12 percent for funds obtained from Turkish lira foreign repo transactions and loans used from abroad for terms up to 1 year, has been increased to 18 percent for terms up to 1 month and 14 percent for terms up to 3 months, depending on the term.
3 suspects who were detained on the allegation of irregularities in stock exchange transactions were arrested.
Vice President Cevdet Yılmaz announced that they held a working meeting in Ankara with Syrian President Ahmed Shara, Syrian Foreign Minister Assad Al Shaybani, Syrian Defense Minister Morhaf Abo Kasra and Treasury and Finance Minister Mehmet Şimşek.
Try Any of Our Trading Accounts
Start trading with 100,000 USD on your demo account without risking real money. Gain experience with your dedicated investment advisor. When you are ready, take your first step into the world’s largest market!
