Turkish Treasury Cash Balance (Apr) -251.242B (Prev. -279.578B)
The Turkish Treasury cash balance improvement from the previous month indicates a rising liquidity position, which could suggest an easing of fiscal strain.
Citi says copper looks supported in the near-term around USD 13k/t; base case is headwinds from US tariff and inventory dynamics see copper moderate towards USD 12k/t by Q4'26
BoE's Bailey does not comment on monetary policy
Turkish Treasury Cash Balance (Apr) -251.242B (Prev. -279.578B)
[CALENDAR ADDITION] President Trump to speak in the Rose Garden at 17:00 BST / 12:00 EDT; reportedly to touch on how his economic policies are supporting US families
US reportedly disables two unladen Iranian-flagged oil tankers, Bloomberg reports
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This move is pertinent as it may affect market perceptions of Turkey's fiscal health and influence investor confidence, particularly in the context of ongoing geopolitical and economic challenges.
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