What Happened This Week?
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Turkey's inflation has risen again. In April, monthly inflation was reported at 4.18%, while annual inflation stood at 32.37%.
#BofA raised its year-end forecast from 28.5% to 30%, predicting that the TCMB will keep interest rates stable for a long time.
#BIST100 remained under slight pressure at the 15,033 level due to global uncertainties.
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Concerns that the US-Iran peace talks may falter led to the S&P 500 dropping by 0.38% to 7,337 points, the Dow Jones fell by 0.63% to 49,596, and #Nasdaq declined by 0.13% to 25,806.
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The #Fed kept interest rates steady in the 3.50–3.75% range. Markets are not expecting any rate cuts this year.
₿ #Bitcoin is holding at 80K. Bitcoin traded around $80,000 throughout the week, gaining about 26% over the last three months, recovering from the February lows. US spot Bitcoin ETFs recorded approximately $1.7 billion in net inflows for five consecutive trading days, marking the longest positive streak since July 2025.
Trump's tariffs were canceled. A US court deemed Trump's global tariffs illegal and halted them.
Energy risk continues. Tensions in the Middle East are keeping both oil prices and global market risks elevated.
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