While the US customs duties are still the focus of the business circles, the effects of the price increase on inflation make political decision -makers more difficult.
While the news outflow continues on the tariff agenda, US President Trump announced customs duties for imported medicine, kitchen and bathroom cabinet, padded furniture and heavy trucks on October 1.
Accordingly, the tariff rates, 100 percent for brand or patented pharmaceutical products from companies that do not build production facilities in the USA, 50 percent for kitchen and bathroom cabinets and relatives products, 30 percent for furniture furniture and 25 percent for heavy trucks.
According to the data published last week, the US economy has increased in the second quarter of the year with strong consumer expenses and investments with growth of 3.8 percent.
For the first time in the country, the number of people who applied for unemployment benefits fell to 218 thousand per week, which ended in September 20 and remained below expectations. The key expenses for personal consumption, which the FED sees as an inflation indicator, rose parallel to the expectations of 2.9 percent per year in August.
Employment data that is to be announced this week is expected to be effective in the steps of the Fed. It takes into account inflation and employment data as the main indicator in the Fed decisions.
The FED, which has gained strength for some time due to the decline in employment in the money markets, was weakened in the past week after the strong growth data. The bank has been demonstrated that 89 percent of the bank reached an interest rate of 25 basis points, while the bank's interest rate at the December meeting after the announced data decreased to 63 percent.
“This one time increase to the price level will probably spread to several quarters”
Fed President Powell said in his speech last week that the inflation effects of inflation on customs duties would be relatively short -lived. he said.
“This political attitude, which I still consider to be moderate restrictively, leaves us in a good position to react to possible economic developments.” he said.
The Fed officials' statements last week also had an impact on the direction of the markets. Some members argued that more aggressive interest rate cuts are necessary to protect the labor market, while some members said that they should be careful in inflation.
The New York stock exchange observe negatively
The New York stock exchange came to the fore last week with a seller. The S&P 500 lost a week on the New York Stock Exchange, the NASDAQ index was 0.65 percent and the Dow Jones index by 0.15 percent.
In the US bond markets last week, the sellers were dominated, while the 10 -year bond lenses of the US bond a week were completed with an increase of 6 basis points with a level of 4.19 percent.
On the raw material side, the price of gold is $ 3,000 in the past week to move the highest level. The gold completed the week with $ 3,000 760 with an increase of 2 percent. The silver price closed a week with an increase of $ 46.1 with an increase of 6.9 percent, while Brent oil barrels a week were completed at $ 68.7 with a bonus of 3.9 percent.
The dollar index closed 98.2 last week with an increase of 0.5 percent.
Housing sales that start on September 29 and on Monday, Tuesday, New York Fed Consumer Confidence Index, Jolts Open Works, Wednesday ADP private sector employment and manufacturing industry -buying index (PMI), Thursday permanent real estate orders, factory orders, weekly unemployment expenses, unagricultural employment, Unrelancative orders and sector -PMI data are pursued.
European exchanges observed positively
While the European stock exchanges were positive last week, the ongoing geopolitical tensions in the region were closely monitored. Next week the inflation data in the euro region and Germany were determined in the focus of the investors.
After violations of airspace in Estonia and Poland, developments and statements in the region were observed. US President Trump, Member States of NATO, said that the Russian aircraft that enter the airspace that European countries should not buy oil and natural gas from Russia.
The President of the European Union (EU), President of the European Union (EU), Ursula von der Leyen, said in a statement that Europe would complete the use of Russian fossil fuels by 2027.
The Leyen remembered that with the 19th sanction package, the EU would increase the pressure on Russia that Russian LNG imports are banned from European markets and that the refineries and oil dealers are targeted in third countries.
After these developments, the increase in defense industries in the region attracted attention.
On the macroeconomic data page, the shopping manager index (PMI) of the production industry was measured with 49.5 in August in August in September. The PMI of the manufacturing industry has decreased to the lowest level of the past 3 months.
Last week the FTSE 100 index in Great Britain in Great Britain, 0.74 percent, the MIB 30 index in Italy, 0.79 percent, the DAX index in Germany 0.42 percent and the CAC 40 index in France by 0.22 percent.
In the data calendar of the next week, the consumer confidence index in the Euphor region on Monday, the speech by Christine Lagarde, the President of the European Central Bank (ECB), the unemployment rate in Germany and inflation in Germany, the PMI data of the manufacturing industry in the Euro region and inflation in the euro region.
The Asian stock markets observed mixed
The Asian stock exchange dominated last week, while the eyes were focused on the economic and political calendars in the region next week.
In Japan, the ruling Liberal Democratic Party (LDP) will determine the successor of the LDP leader and Prime Minister Isiba Şigeru on October 4. The new leader of the party is declared the new Japanese Prime Minister in the parliamentary meeting.
Last week, the “H-1B” area of Visa of the US administration reduced the US administration for $ 100,000 after the decision to reduce negative effects on South Korean investments in the United States to reduce the South Korean markets.
On the other hand, the company news came to the fore on the Chinese side. The E-Commerce and Technology Group Alibaba, the “QWen3” model for artificial intelligence, is being trained for a cheaper and more performance of the company's shares in the company's open source version of the company's shares.
On the macroeconomic data side, the Tokyo Tüfe, which relates to the country in Japan in the country in Japan, rose with an annual increase in September under expectations.
With these developments, the Hang Seng Index in Hong Kong took a week by 1.57 percent and the Kospi index in South Korea by 1.72 percent, while Nikkei 225 index in Japan rose 0.69 percent and the Shanghai connection index in China rose by 0.21 percent in China.
The industrial production in Japan and PMI data in China, Thursday, consumer confidence index in Japan and the unemployment rate in Japan will be pursued next Tuesday.
On Wednesday, Hong Kong and China will not take place on Thursday in China, South Korea and China on Friday due to public holidays.
Eyes in the domestic inflation data
The is 100 index by 1.27 percent of the 100 index in the last week. Next week there were eyes in inflation data for September.
Last week President Recep Tayyip Erdogan met with US President Donald Trump in the Oval Office in the White House. The interview lasted 2 hours and 20 minutes.
The President of Presidential Communication, Burhanettin Duran, the contacts of President Erdogan in the United States, said, the US President Trump in the White House in a very friendly environment in a very friendly environment: he said.
The Dollar/TL completed the week of 41,5750 over 0.5 percent of the previous weekly closure.
Next week, Tuesday unemployment rate, Thursday foreign trade credit, weekly money and bank statistics, Friday inflation data will be met.
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