While the uncertainties on the effects of the protectionist trading policy of US administration are still the focus of the economic authorities, the macroeconomic data on the signals for the effects of tariffs are still being monitored.
The Jackson Hole Economic Policy Symposium, which will take place in the USA next week, is also the focus of the investors, while the signals from the vocal directions of the Fed President Jerome Powell are expected to reduce interest and the direction of the markets.
On the macroeconomic data side, the production price index (PPI) in the United States was 0.9 percent per month by 3.3 percent annually and concerns about the inflationary effects of tariffs by 3.3 percent.
Analysts, after the inflation data in the money markets have fed the interest rate of prices for the price changes, the bank explained a total of 50 basis points by the end of the year, he said.
While the money markets are conjured up by 25 years by 25 years in September, some instructions from the FED officials of the Fed officials and the hard criticism of government officials against the Fed are effective in order to remain high uncertainties in the country.
Raphael Bostic, President of Atlanta Fed, said in a statement last week, as long as the job market remained an intact this year, a single interest rate would be appropriate, he said.
Alberto Musalem, President of St. Louis Fed, said that at the meeting in September it decided early on whether the interest rate would be reduced.
The President of Chicago, President Austan Goolsbee, said that he wanted to see at least one further inflation report to ensure that the constant price prints have increased, and the inflation data from the last manufacturer contained a certain tone with complaints.
In addition to these developments, FED President Jerome Powell, who will end in May next year, uncertain, while US President Donald Trump could explain the next FED president last week.
Trump-Putin meeting ended
In addition to the intensive economic agenda, US President Trump and Russian President Vladimir Putin met on the Elmendorf -ichardson base in Anchorage, Alaska.
Trump spoke at a joint press conference after the topic interview “Striving for Peace” and said that they had made considerable progress, but they could not achieve a final agreement.
Putin said that the situation in Ukraine was one of the main problems of the summit with US President Trump and said: “I hope that the understanding that we have with Trump will achieve the goal and lead to peace in Ukraine.” he said.
Trump's assessment to the US press after the summit in the future of Ukrainian President Volimir Zelenskiy and the European leader of commissioning: “Now it is completely connected to Zelenskiy. European countries should be a little involved, but this is connected to Zelenskiy.” He said.
The New York Stock Exchange looked positive
With these developments, traveling with a buyer came to the fore last week on the New York stock exchange. The S&P 500 won 0.94 percent on the New York Stock Exchange week, the Nasdaq index of 0.81 percent and the Dow Jones index by 1.74 percent.
The US bond markets dominated last week, while the 10 -year -old bond lenses in the United States completed a week at 4.32 percent.
On the raw material side, the gold price last week with a decline from 1.84 percent to $ 335, the silver ounce price by $ 0.9 percent, while the barrel of brent oil was $ 0.1 percent of the loss of $ 65.77 that was completed the week to $ 0.1 percent of the loss.
The dollar index closed the week 97.9 with a decline of 0.3 percent with the possibility of interest rate cuts.
In the week that will begin on August 18, beginners for housing, building permits, FOMC meeting protocol (Federal Open Market Committee), the weekly unemployment salaries on Thursday, the shopping manager for the manufacturing industry and the service sector (PMI) will follow a second residential construction sales.
The Jackson Hole Economic Policy Symposium begins on Thursday, while the speech by Fed President Powell focuses on investors on Friday in the symposium.
European stock exchanges mostly observed
While the European stock exchanges were positive last week, the euro region was given next week and inflation in Great Britain and the growth data in Germany in the focus of the investors.
Last week the risk appetite was high last week because the Fed will start the Zin cutting process and optimism for the Trump-Putin meeting.
On the macroeconomic data side, the euro region and the growth data of the United Kingdom were pursued. Accordingly, the economy of the Euro region grew parallel by 0.1 percent compared to expectations compared to the previous quarter of the year and 1.4 percent annually.
In the second quarter of the British economy, he recorded growth of 0.3 percent compared to the same period last year. The expectation was that economic growth would be 0.1 percent during this period.
In Germany, inflation took place parallel with 0.3 percent per month in July and 2 percent annually.
Last week the FTSE 100 index in Great Britain, 0.47 percent, CAC 40 index in France, 2.33 percent, MIB 30 index in Italy 2.47 percent and the DAX index in Germany by 0.81 percent.
In the data calendar of the next week, the foreign trade in the Euphor region on Monday, the consumer flation on Wednesday, England and the Euro region, the inflation of the producers in Germany, the PMI of the processing industry and the service sector on Thursday, Friday, growth data in Germany.
The risk appetite on Asian stock exchanges remained high
The Asian exchanges observed a weighted course last week, while the US President Donald Trump signed the decree that predicted the shift in customs duties for Chinese goods for 90 days and the interest rates of the Fed were still high due to the effects of the Fed's impact.
The decision to postpone the shift by 90 days increased the hope that more negotiations between the USA and China can be negotiated on trade talks, while the tariff agenda led to the residence of concerns in the regional indices.
On the macroeconomic data side, the Japanese economy rose over the expectations in the second quarter despite the customs tasks of the United States. The gross domestic product (GDP) in the country in the second quarter rose by 1 percent annually in the second quarter compared to the previous quarter.
Last week, the US Finance Minister Scott Bessent said that the central bank of Japan (Boj) was behind the inflation risk. It was likely that the bank would probably increase interest rates.
Analysts that exceed the expectations, growth and interest rate sufficient from Boj are one of the factors that will make work easier, he said.
On the Chinese side, retail turnover rose annually by 3.7 percent annually, while industrial production rose by 5.7 percent annually.
The unemployment rate for July in the country was slightly above the estimates with 5.2 percent. During this period, fixed capital investments in the country could not meet the estimates with an increase of 1.6 percent in July.
Analysts in China, weak data in a row, the government strengthens expectations that the economy can take steps to support the economy, and the stock markets triggered purchases, he said.
On the side of the central banks, the central bank of Australia (RBA) reduced the guideline interests to 3.60 percent by downloading 25 basis points.
In a statement by the bank, uncertainty in the global economy is still high, the US tariffs and political reactions in other countries as part of the scale and the scale scale were reported as more clear.
With these developments, the Shanghai Compound Index in China was 1.70 percent weekly, the Hang Seng Index in Hong Kong 1.65 percent, the Kosp sluggish index in South Korea 0.49 percent and the Nikkei 225 index in Japan.
Foreign trade records in Japan next Wednesday, core machine orders and loan rates in China, in Japan the inflation data will be followed on Friday.
Inflation report of the CBRT was followed in Turkey
The 100 index sank by 0.93 percent weekly weekly, while the buy -weighted course was the foreground last week.
Fatih Karahan, President of the Central Bank of the Republic of Türkiye (CBRT), spoke at the information meeting of the year of the 3rd inflation report.
Karahan, at the end of 2025, will be in the area of 25 to 29 percent and expresses that the estimates will fall to the range of 13 to 19 percent at the end of 2026, he said.
From now on, the middle goals that are not changed, unless there are extraordinary developments between reporting times and inflation forecasts that can be revised depending on the data flow. “
Karahan “In the previous reports, the end of the inflation of 2025 years, the 24 percent value in 2025 as our goal. For the years 2026 and 2027 we have set our intermediate goals to 16 percent and 9 percent.” He said.
The Dollar/TL completed the week of 40,8330 over 0.4 percent of the previous weekly closure.
Next week, Monday Housing price index, Tuesday unemployment rate, international investment position, Thursday Consumer Confidence Index, Financial Services Confidence Data on Fridays is followed.
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