Highlighted Financial Developments of the Week: Trump and Market Analyses

Financial Developments of the Past Week

A busy week has passed for global and domestic markets. Here are the highlights:

1. Trump Signs Law Ending Government Shutdown

U.S. President Donald Trump signed a law that ended the longest government shutdown in U.S. history, providing relief to the markets.

2. Fed Officials Diverge

St. Louis Fed President Alberto Musalem emphasized the need for caution regarding additional interest rate cuts, while San Francisco Fed President Mary Daly stated that there is currently a decline in demand in the U.S. economy and inflation is under control. Fed Governor Stephen Miran pointed to a third interest rate cut scheduled for December.

3. Customs Duties on Food Prices Reduced

Trump is taking steps to reduce customs duties in order to lower food prices and is signing trade agreements.

4. Current Account Surplus in September

Turkey recorded a $1.112 billion surplus in its current account in September.

5. China’s Industrial Production Shows Weak Growth

China's industrial production and retail sales recorded the weakest growth in the past year, raising concerns among investors.

6. Consumer Prices in China Surpassed Expectations in October

In October, consumer prices in China increased contrary to analyst expectations.

7. Dollar Carry Trade Appeal Is Rising Again

According to Bloomberg calculations, dollar carry trade transactions are becoming attractive once more.