TRY in the spotlight: latest news

Tesla (NASDAQ:TSLA) is currently trading at $330, facing declining sales in Europe and India. The company's profit margins have decreased to 4.1%, while long-term growth is supported by advancements in AI, robotaxi initiatives, and energy products.

Bitpanda, the Austrian cryptocurrency exchange supported by Peter Thiel and Alan Howard, has decided against pursuing an initial public offering (IPO) in London due to weak trading conditions. Instead, the company is now focusing on potential listings in New York and Frankfurt.

The USD/JPY exchange rate experienced consolidation last week as traders anticipated upcoming decisions from the Bank of Japan and the Federal Reserve.

The USD/TRY exchange rate increased to 41.15, reflecting a rise of more than 41% from its lowest point in January of this year.

The renminbi is experiencing strong growth, reflecting the ongoing success of the Chinese economy. As a result, the USD/CNY exchange rate has dropped to 7.1300, marking its lowest point in recent times.

Türkiye's banking sector reported a net profit of 479.2 billion Turkish liras, equivalent to $11.84 billion, for the month of July, according to the country's banking regulator.

Turkey's monthly inflation rate for August is projected to be 1.79%, with the annual inflation rate expected to decrease to 32.6%, according to a Reuters poll.

Natural gas futures (NG=F) are currently trading between $2.95 and $3.00, facing resistance that limits upward movement. The market outlook is influenced by factors such as storage increases, LNG export flows, and an oversupply in Europe.

The governor of Türkiye's central bank announced that the country's monetary policy will remain focused on inflation dynamics, emphasizing the importance of prudent rate adjustments.

The Central Bank of the Republic of Türkiye (CBRT) announced that it will discontinue the opening and renewal of foreign-exchange-protected deposits (KKM) starting in August.