What matters this morning

The holy month of Ramadan is ending today and the Muslim world is entering the three-day eid, which is celebrated with an official holiday in Turkey. This year we will not be able to visit elderly family members or take this chance to have an escape to a seaside due to lockdown. Stuck at home, on the eve of eid, this is the scene is like…

Israeli warplanes have continued to attack the Gazza Strip since yesterday. The airstrikes flattened the 12-storey Hanadi Tower located in the Al-Rimal neighborhood, where civilian people lived. 32 people died and 203 people were injured during Israel’s airstrikes, according to the Palestinian Health Ministry in Gazza.

In Turkey, the number of daily coronavirus cases totaled 14,597 while the death toll reached 278 in the last 24 hours. The number cases and applications to the outpatient clinics, meanwhile, declined by 65% in Istanbul, while hospitalization decreased by 50%, according to Health Minister Fahrettin Koca.

Sinovac CEO Yin Weidong announced that licensing process for the production of vaccines in five countries including Turkey has started.

The markets will operate part time due to Ramadan Eid. As of this morning, USD/TRY rose by 0.43% to 8.31, while EUR/TRY is traded at 10.09 with a slight increase.

Oil prices increased with the decline in the U.S. crude oil stocks and OPEC’s positive outlook on the fuel demand side. Brent crude increased by 0.88% to USD 69.15 per barrel this morning. Spot gold is traded at USD 1,831.


House sales increased by 124.1% to 95,863 in April, compared to the same month of the previous year, according to the Turkish Statistical Institute (TurkStat).

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