🚨BREAKING NEWS: US 30-year Treasury bond yield rises to 5.27%, the highest level since 2007.
📈Rising oil prices have increased fears of inflation, causing a jump in bond yields and boosting expectations that the Fed could raise interest rates this fall.
🚨 The yield on Turkey’s 10-year Treasury bond rose to 4.74% on Friday, returning to its highest level since January 2025 ➕ Investors assessed hawkish remarks from Fed policymakers that reinforced the need for higher interest rates to rein in inflation ➕ Minneapolis Fed President Neel Kashkari said he would prefer smaller rate hikes now rather than waiting, while Cleveland Fed President Beth Hammack warned that the longer inflation stays high, the harder and more costly it will be to bring it back to target.
BREAKING NEWS: It was reported that the US Treasury Department instructed banks to be prepared for a possible intervention in the Japanese yen market as early as Friday, and that the New York Fed also called for them to be ready for "future actions."
🚨Despite petrol prices rising to $85 and Iran attacking cargo ships in the Strait of Hormuz, more than $580 billion has been added to U.S. stocks today.
🇹🇷(#SKBNK) Şekerbank, which lost 46% in value on a weekly basis, said there is no special situation that has not been disclosed to the public.
🇹🇷(#ALBTN) Albayrak Beton notable stock purchase from management! The Board Chairman Osman Albayrak and Deputy Chairmen Şeref Albayrak and Erdal Albayrak bought a total of 999,999 lots of ALBTN shares on July 30, bringing Osman Albayrak’s stake in the company up to 22%.
🇹🇷(#GUNDG) Gündoğdu Gıda Süt Ürünleri stated that there is no special situation that has not been disclosed to the public regarding the unusual price and volume movements that occurred in the shares. While the share fell 26% in value weekly, it outperformed positively from Borsa Istanbul over the long term, gaining 2494% year-on-year.
🇰🇷🇯PJapan and South Korea carried out a rare joint intervention to stabilize the yen and the won➕Japan and South Korea intervened together in the foreign exchange markets, and the dollar took a hit➕On 30 July, the two Asian economic powers launched a rare coordinated intervention; while Japan's Ministry of Finance bought yen, South Korean officials sold dollars to support the won➕The yen rose by more than 3% during the day, reaching around 157.8 and posting the best daily performance in nearly two years➕The won rose by about 2% and reached its highest level in nine months.
🇺🇸Futures tracking U.S. stock index benchmarks extended yesterday’s recovery, driven by a strong session for chipmakers and the impact of upbeat company results➕S&P 500 and Dow Jones futures were up by about 0.5%, while Nasdaq 100 gained more than 1%
BREAKING NEWS: 🇯🇵 Japan spent 8.45 TRILLION ¥ (57 billion $) to support the yen; this is one of the LARGEST currency interventions in history reported by Bloomberg, according to BOJ data
🇺🇸 In pre-market trading in the US, the semiconductor, storage, and optical communications sectors rose simultaneously, while SK Hynix ADR gained more than 6%.
🇬🇧#Sterling was trading near its strongest level in about two weeks, around $1,3445, and was on track to gain more than 1% against the dollar on a monthly basis; this was the best monthly performance since April➕Sterling was supported by investors reassessing the Bank of England’s July decision and by easing political uncertainty in the UK
🇪🇺#Euro is moving toward an upward trend on a monthly basis with its strong performance➕Euro has held above $1.15, trading close to its highest level since June 16, and is on track for a monthly gain of 0.8%, supported by stronger-than-expected economic data from the Eurozone.