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Why MNI
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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessTurkey and UAE Sign Deals Worth $50.7b
- Turkey and the UAE have signed deals worth $50.7b as President Erdogan concluded a three-day tour of the Gulf. “Today we have witnessed the signings of several strategic agreements and MOUs worth a total of $50.7b to further cement ties between the UAE and Turkey,” Finance Minister Mehmet Simsek tweeted late Wednesday.
- Turkey's adjusted consumer confidence fell to 80.1 in July from 85.1 in June, according to data released by the Turkish Statistical Institute this morning.
- The CBRT are expected to deliver another rate hike today (1200BST/1400 local time) having raised the one-week repo rate by 650bps in June and signalling that more is to come. Simsek’s appointment following Erdogan’s re-election has already resulted in tighter financial conditions, a less interventionist approach to markets and a simplification of a muddied transmission mechanism. Sell-side consensus is for the tightening cycle to continue with estimates of a rate hike ranging between 250-500bps.
- See our full preview here: https://roar-assets-auto.rbl.ms/files/54711/MNICBRTPrevJul23.pdf
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.