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Brazil's Gross Domestic Product (GDP) registered a growth of 1.4% quarter-on-quarter (QoQ) in the second quarter of 2024, exceeding the expected 0.9%. On an annual basis, the GDP growth rate was 3.3%, outperforming the forecasted 2.7%.

On Tuesday, President Abdel Fattah El-Sisi inaugurated the first edition of the Egypt International Airshow in the city of New Alamein. The head of state inspected the pavilions and exhibits of local and international companies participating in the event.

According to the Middle East News Agency (MENA), the three-day airshow features participation from 100 countries and over 300 of the world's largest aerospace companies.

The exhibition also hosts aerospace and defense industry experts from around the globe, along with heads of international and regional civil aviation organizations. The event includes professional air shows in the skies over New Alamein.

South Korea's Consumer Price Index (CPI) rose by 0.4% in August, exceeding the forecast of 0.3% growth. On an annual basis, the CPI remained steady at 2%, in line with expectations.

In August, Türkiye's Consumer Price Index (CPI) increased by only 2.47%, significantly below the estimated 2.64%. On an annual basis, the CPI rate fell to 51.97%, coming in below the expected 52.2%.

At its meeting on August 20, the Central Bank of Turkey (CBRT) kept interest rates unchanged, setting the one-week repo rate at 50%, the overnight borrowing rate at 47%, and the overnight lending rate at 53%. This decision was in line with market expectations.

The Bank of Mexico cut interest rates by 25 basis points at its August meeting, bringing the rate down to 10.75%. With inflation once again rising above 5% in Mexico, this decision surprised analysts and market participants.

According to published data, Mexico's consumer inflation grew by 1.05% on a monthly basis, up from 0.38% in the previous month and slightly higher than the 1.02% expected by the market. On an annual scale, inflation has risen to 5.57% this month after decreasing to 4.98% in June, aligning with market expectations.

Türkiye's inflation increased by 3.23% in July. Although this figure is higher than the 1.64% recorded in June, it is lower than the 3.45% growth expected by analysts. On an annual scale, Türkiye's inflation recorded an increase of 61.78%, significantly less than the 71.60% recorded in June, and also lower than the 62.10% growth expected by market participants.

The Central Bank of Brazil (BCB) holds its target rates at 10.50% at its monetary policy meeting on Wednesday, July 31st. Market participants widely expected this decision. 

Central Bank of Turkey, (CBRT) held its One-Week Repo Rate at 50% as widely accepted! The meeting was held on Tuesday, July 23.

Over the last three hours outage reports for the platform have begun spiking.

Turkey’s manufacturing confidence index rose to 100.8 in October from 100.2, while capacity utilization increased slightly to 74.2% from 74.0%. The data suggest steady improvement in industrial sentiment and production conditions, supported by resilient domestic demand and moderate export recovery. Meanwhile, the unemployment rate held steady at 8.6% in September, indicating a stable labor market despite tight monetary conditions and currency pressures.

Market impact: Mildly positive for TRY; stronger manufacturing sentiment and stable employment conditions signal improving industrial outlook, easing concerns over short-term growth risks.