Cryptocurrency
The US banking sector’s profits increased by 5.8 percent in the first quarter of this year compared to the previous quarter, reaching $70.6 billion.
The US Court of International Trade ruled that President Donald Trump exceeded his legal authority in imposing tariffs on other countries and decided to block the implementation of these tariffs.
Nvidia, the world’s most valuable chipmaker, shared a strong revenue forecast despite the slowdown in China affecting its balance sheet.
The US Federal Reserve’s meeting minutes indicated that a cautious approach was appropriate in an environment of uncertainty.
The European Central Bank (ECB) announced that President Christine Lagarde is determined to complete her term.
The World Economic Forum (WEF) warned that protectionist policies and tariff fluctuations in the economy have worsened the global economic growth outlook since the beginning of the year, and that increasing uncertainties could lead to the postponement of long-term strategic decisions and a structural change in the global economy.
Oil prices rose after the US Court of International Trade blocked most of Trump’s tariffs.
South Korea’s central bank cuts interest rates for the fourth time to support growth
JPMorgan downgraded its recommendation for MSCI Turkey from “increase weight” to “neutral”.
According to TÜİK data, the economic confidence index increased by 0.05 percent in May to 96.7, while it was 96.6 in April.
According to a survey by Bloomberg HT, inflation in May is expected to be 2 percent on a monthly basis and 36.1 percent on an annual basis.
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