TURKEY: Erdogan to Meet Trump at the White House Seeking $50bln Worth of Deals
Sep-25 07:11
- President Recep Tayyip Erdogan meets his US counterpart Donald Trump at the White House at 16:15BST/18:15 local time. The meeting is expected to clear the path for Turkey to buy everything from Lockheed Martin Corp. fighter jets and Boeing Co. planes to LNG worth more than $50bln, Bloomberg report citing Turkish officials. Erdogan sees the meeting as a chance to reset ties that have been shaken by its purchases of Russian arms, diplomatic spats and retaliatory tariffs.
- In a presentation by CBRT Governor Fatih Karahan in New York, the Governor said Turkey’s underlying inflation indicators point to further disinflation going forward, and that monthly services inflation is anticipated to increase as the school season is back. “Disinflation continues, but risks are alive,” he said.
- Turkey's 12-month household inflation expectations fell to 52.99% in September from 54.07% in August, according to data from the CBRT. The real-sector's 12-month expectations fell to 36.80% from 37.7%.
- Iraq’s foreign minister said that a deal with Turkey could allow oil exports from Iraqi Kurdistan possibly as soon as this week. He said that talks have begun with Turkey for a new pipeline agreement, which he said would allow flows of around 230kbd initially to resume from Iraqi Kurdistan increasing to 400k-500kbd with new investment, according to Bloomberg.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
EGB SYNDICATION: Austria New 7-Year RAGB: Books open
Aug-26 07:07
- E3bln WNG of the new 7-year Sep-32 RAGB
- Guidance: MS+33 area
- Format: Reg S, Bearer, 144A eligible, CAC
- Settlement: 02 September 2025 (T+5)
- Maturity: 20 September 2032 (7Y)
- Size: EUR 3 billion (Will not grow, excluding potential issuer retention)
- Coupon: TBD, Fixed, Ann., ACT/ACT (Long 1st to 20 September 2026)
- ISIN: AT0000A3NY15
- Bookrunners: BofA / DB(DM/B&D) / Erste Group / HSBC / JPM / Raiffeisen Bank International
- Timing: Books open, today's business
From market source
GILTS: Testing the 2.75% level on the Open
Aug-26 07:05
A big move for Gilt on the Open, some of the calls were 90.90/91.00, it was netting at 90.87, but down 50 ticks and through session lows.
The Dec is still not front Month, but expected to be Today.
Immediate support in G Z5 is at 90.31, while the next Yield levels are still at:
- 4.800% = 89.98.
- 4.921% = 88.93.
SILVER TECHS: Bullish Outlook
Aug-26 07:04
- RES 4: $41.064 - 1.764 proj of the Apr 7 - 25 - May 15 swing
- RES 3: $40.285 - 1.618 proj of the Apr 7 - 25 - May 15 swing
- RES 2: $40.000 - Psychological round number
- RES 1: $39.655 - 1.500 proj of the Apr 7 - 25 - May 15 swing
- PRICE: $38.700 @ 08:03 BST Aug 26
- SUP 1: $37.282/36.216 - 50-day EMA / Low Jul 31
- SUP 2: $35.285 - Low Jun 24
- SUP 3: $33.940 - 50.0% retracement of the Apr 7 - Jul 23 bull leg
- SUP 4: $32.958 - Low Jun 2
Trend signals in Silver are unchanged and remain bullish. Prices have recently recovered off support at the 50-day EMA, now at $37.282. A clear break of the average is needed to strengthen a short-term bearish threat and allow for a deeper retracement. This would open $35.285, the Jun 24 low. For bulls, the resumption of gains opens the next objective at $39.655 a Fibonacci projection.
