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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.
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Free AccessMNI China Daily Summary: Friday, December 13
MNI US OPEN - UK Economy Contracts for Second Straight Month
TURKEY: Simsek Expects Decrease in Trade and Current Account Deficit in May
Simsek posted on X following this morning's trade balance data:
- “We expect a decrease in the annual foreign trade deficit and current account deficit again in May.”
- “Although there will be limited fluctuations in the rest of the year due to temporary effects, we expect the ratio of current account deficit to national income to be approximately 2.5 percent as of the second quarter.”
- “At the end of the year, the current account deficit will be significantly lower than the Medium Term Program target.”
As a reminder, Turkey’s trade deficit widened to $9.863bn in April (Est: -$9.90bn) from a revised -$7.354bn in March, marking the widest deficit since July 2023. Exports rose 0.1% y/y while imports rose 4.0% y/y.
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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.