Markets will be traded for 4 days this week due to the July 15 holiday. Markets will be closed on Wednesday, July 15.
This week, current account deficit figures will be announced today and budget balance figures will be announced on Thursday. As for abroad, US inflation will be followed tomorrow.
However, there is only one issue that the markets focus on, and this issue has calmed the excitement about chip companies: the USA’s renewed attacks on Iran. The US announced that the attacks were carried out to prevent its ability to attack commercial ships passing through the Strait of Hormuz. Trump announced last week that the ceasefire with Iran had ended.
Due to the effects of the attacks, oil prices started the week at $79.80, with an increase of more than 4 percent. Gold prices also fell due to global inflation concerns!
Internally, May figures announced last Friday showed that the loss of momentum in industrial production continued. Evaluating the figures, Treasury and Finance Minister Mehmet Şimşek said that the loss of momentum was due to 5 working days being closed in May and that annual production adjusted for seasonal effects increased by 1 percent.
The cabinet meeting will be held today. The statements made by President Erdoğan after the meeting will be followed.
