CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

TURKEY: Current Account Surplus Widens to $566m in July

TURKEY
EM BulletBulletGlobalEmerging Market NewsRegion
  • Turkey’s current account surplus widened to $566m in July from a revised $330m in June, broadly in-line with expectations (Est: +$600m). That marks the widest surplus since September 2023. Seasonal flows from summer tourists likely boosted the flow of money into the country, while a deficit of more than $5bn was recorded for goods.
  • China has strongly advised its carmakers to make sure advanced electric vehicle technology stays in the country, Bloomberg report, citing people familiar with the matter. That follows decisions by some companies, such as BYD and Chery Automobile, to invest abroad. In July, BYD signed a deal worth about $1bn to build a plant in Turkey.
  • The main opposition Republican People's Party (CHP) is mobilising its senior members and deputies to prepare for a potential early general election, Hurriyet report citing “media reports”. The move comes after CHP leader Ozgur Ozel called for early elections during a speech over the weekend. "If you are ready to face us in November 2025, the CHP is here," he said.
168 words

To read the full story

Close

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.
  • Turkey’s current account surplus widened to $566m in July from a revised $330m in June, broadly in-line with expectations (Est: +$600m). That marks the widest surplus since September 2023. Seasonal flows from summer tourists likely boosted the flow of money into the country, while a deficit of more than $5bn was recorded for goods.
  • China has strongly advised its carmakers to make sure advanced electric vehicle technology stays in the country, Bloomberg report, citing people familiar with the matter. That follows decisions by some companies, such as BYD and Chery Automobile, to invest abroad. In July, BYD signed a deal worth about $1bn to build a plant in Turkey.
  • The main opposition Republican People's Party (CHP) is mobilising its senior members and deputies to prepare for a potential early general election, Hurriyet report citing “media reports”. The move comes after CHP leader Ozgur Ozel called for early elections during a speech over the weekend. "If you are ready to face us in November 2025, the CHP is here," he said.