1. Weekend Agenda Summary
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Global markets focus on the dollar index (DXY) and Fed rhetoric; the "100 test", safe-haven premium debate, and expectations for a Fed leadership change combined with geopolitical risks carry over into the new week [Investing TR Forex].
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Oil prices are rising due to geopolitical risks and supply concerns; tension in the Gulf (emergency alert to Cazan, flight warning from Iran to regional countries) is feeding analysts' price scenarios upward [AA Güncel; Finans Hattı].
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Türkiye picture is balanced: as Borsa closed the week with gains [CNN Türk], while Goldman Sachs said "financial conditions are easing" [BloombergHT], Fitch repeated its high inflation and external shock warning [Paranın Yönü].
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In real estate, Emlak Konut's 1 billion TL share buyback move and Minister Kurum's announcement of a 25% discount for TOKI debtors stood out; a 23% increase in housing prices attracted attention.
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While bond yields pressure and "stock market crash?" debates intensify in the global economy, the commodity rally's growth-positive stance also became a topic of discussion.
2. Economy & Finance (Turkey)
Borsa İstanbul closed the week with gains [CNN Türk]; while Goldman Sachs's assessment that "financial conditions are easing in Türkiye" [BloombergHT] supported optimism, Fitch's warning that high inflation and external shocks make balancing difficult [Paranın Yönü] reminded that risks persist. In precious metals, while Fed's interest rate hike pressure was discussed, it was stated that the quota-driven price gap of up to 11 thousand dollars with the world has closed [BloombergHT]. On the fund side, while claims that "fees would be collected from citizens" were denied, the seizure of all suspects' assets in the fund investigation came to the agenda [Doviz.com]; seniority compensation with SGK letter [HaberTürk] and news about the new period in hybrid work [CNN Türk] were also among the other headlines in the economic agenda.
3. Money & Currency
DXY was the main agenda of the weekend: analyses that the compression around the 100 level increased global risks, the dollar's "safe haven premium" was questioned, and geopolitical risks were read together with Fed hawkishness came to the fore [Investing TR Forex]. It was reported that the controlled rise in Dollar/TL continued and the inflation report shaped expectations regarding the exchange rate path [Investing TR Forex]. On the regulatory front, news that the Fed is preparing to raise banking thresholds to a level close to 1 trillion dollars [Paranın Yönü], and that the US seized an 84 million dollar account of a payment company linked to Tether [Doviz.com] drew attention. On the consumer side, while talk of "the biggest gasoline hike of all time" circulated [Doviz.com], it was announced that the strongest fund inflow since the pandemic was recorded into global equity funds [Doviz.com].
4. Real Estate
Emlak Konut GYO's 1 billion TL share buyback program signaling confidence in the market was the standout corporate news of the week; the process is being followed through KAP announcements [Finans Hattı; BloombergHT]. While Minister Kurum announced a 25% discount for TOKI debtors and that a draw will be held for 1.602 housing units in Istanbul, the deadline for rental social housing applications was also approaching [İsindetayi Gayrimenkul; CNN Türk]. On the price side, a 23% increase in housing prices in August was prominent, while it was reported that Vakıf GYO's eco-friendly center project in Sancaktepe was completed [İsindetayi Gayrimenkul]. Globally, sharp value losses were seen in London's most expensive districts, with losses in Mayfair reaching 58% [Herbir Emlak], and proposals to restrict buying and selling and short-term rentals [MadeinVilnius.lt] fueled transformation discussions in the housing market.
5. Trade & Foreign Trade
This weekend, no notable development stood out in trade and foreign trade areas. Germany's preparation of an economic measures package towards China, which indirectly affects foreign trade, and US companies from China
News sources:
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Economy & Finance (Turkey): BloombergHT, CNN Türk, HaberTürk
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Real Estate: Google News · Real Estate, İşin Detayı Gayrimenkul
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Money & FX: Doviz.com, Investing TR Forex, Paranın Yönü
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Geopolitics: AA Güncel, DW Türkçe, Google News · Geopolitics
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Global Economy: BBC Business, Google News · World (EN)