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EnglishپارسیEnglishپارسیIsrael's economy faced a significant downturn as the GDP growth annualized for the first quarter of 2026 was reported at -3.8%, matching forecasts but a stark decline from the previous year's growth of 2.8%. This contraction signals ongoing economic challenges for the nation. The data was released on Thursday, July 16, 2026, at 10:00 AM.
Possible Market Effect: Limited impact due to low importance rating.
Q&A:
Q: What was Israel's GDP growth annualized for Q1 2026?
A: Israel's GDP growth annualized for Q1 2026 was -3.8%.
Q: How does the current GDP growth compare to the previous year?
A: The current GDP growth of -3.8% is a decline from the previous year's growth of 2.8%.
Market Sentiment: Neutral - The GDP contraction is concerning but aligns with forecasts, indicating a lack of surprise in the market.
Importance: ★★ Medium
Brazilian retail sales increased by 0.1% month-on-month in May 2026, recovering from April’s 1.6% decline but missing the 0.5% forecast. Sales were 0.4% higher year-on-year, below the expected 1.2% and slower than the previous 1.0% increase.
The figures indicate that consumer activity returned to marginal growth, but underlying momentum remained weaker than markets expected.
Possible Market Effect:
The below-forecast results may reduce confidence in domestic consumption and create limited pressure on the Brazilian real and consumer-related equities.
Market Condition and Sentiment: Brazilian Real — Neutral to Mild Sell
Q: Did Brazilian retail sales grow in May 2026?
A: Yes. Retail sales increased by 0.1% month-on-month and 0.4% year-on-year.
Q: Did Brazil’s May 2026 retail sales meet expectations?
A: No. Both the monthly and annual results were below market forecasts.
Source: Brazilian Institute of Geography and Statistics.
Importance: ★ Low
Israel’s GDP contracted at an annualized quarterly rate of 3.8% in the first quarter of 2026, matching the -3.8% forecast and weakening from the previous -3.3% reading. Lower household and government spending and weaker exports weighed on activity, while fixed-asset investment provided partial support.
Possible Market Effect:
The contraction is negative for Israel’s near-term economic outlook and may place limited pressure on the Israeli shekel. However, geopolitical developments remain the dominant market driver.
Market Condition and Sentiment: Israeli Shekel — Neutral to Mild Sell
Q: How much did Israel’s economy contract in Q1 2026?
A: Israel’s GDP contracted at an annualized rate of 3.8%.
Q: Did Israel’s Q1 2026 GDP result meet expectations?
A: Yes. The -3.8% result matched the market forecast.
Source: Israel Central Bureau of Statistics.
Importance: ★ Low
Turkey’s central government budget recorded a surplus of ₺114.2 billion in June 2026, marking a significant improvement from the ₺298.2 billion deficit reported in the previous period.
The sharp turnaround strengthens the monthly fiscal picture, although one month of data is insufficient to confirm a lasting improvement in Turkey’s broader budget position.
Possible Market Effect:
A stronger budget balance may improve confidence in Turkey’s fiscal management and provide limited support for the Turkish lira and government bonds. Markets will still focus on inflation, monetary policy, and the cumulative annual deficit.
Market Condition and Sentiment: TRY — Neutral to Mild Buy
Q: Did Turkey report a budget surplus or deficit in June 2026?
A: Turkey recorded a budget surplus of ₺114.2 billion.
Q: How did Turkey’s June 2026 budget balance compare with the previous period?
A: It improved sharply from a ₺298.2 billion deficit to a ₺114.2 billion surplus.
Source: Republic of Türkiye Ministry of Treasury and Finance
Turkey's foreign exchange reserves saw an increase, reaching $67.12 billion on July 16, 2026, up from $61.95 billion in the previous period. This growth in reserves may indicate a strengthening of Turkey's financial position, although the forecast data was not available for comparison. The reserves are crucial for maintaining currency stability and supporting the economy in times of volatility.
Possible Market Effect: Neutral
Q&A:
Q: What were Turkey's foreign exchange reserves on July 16, 2026?
A: Turkey's foreign exchange reserves were $67.12 billion on July 16, 2026.
Q: How did the current reserves compare to the previous period?
A: The current reserves increased from $61.95 billion in the previous period.
Market Sentiment: Neutral - The increase in reserves is positive but lacks forecast data for a stronger market sentiment.
Turkey's auto sales experienced a year-on-year decline of 11.4% in June 2026, a significant improvement compared to the forecasted drop of 28.0%. This marks a decrease from the previous year's decline of 22.5%. The better-than-expected performance in auto sales may indicate a slight recovery in consumer confidence despite ongoing economic challenges. The data was released at 06:35 AM on Thursday, July 16, 2026, highlighting a more resilient automotive market than analysts anticipated.
Possible Market Effect: Neutral
Q&A:
Q: What was the actual year-on-year decline in Turkey's auto sales for June 2026?
A: The actual decline was 11.4%.
Q: How does the June 2026 auto sales decline compare to the previous year?
A: It improved from a previous decline of 22.5%.
Market Sentiment: Neutral - The auto sales data suggests a less severe downturn, indicating potential stabilization in the market.
In June 2026, Turkey experienced a year-on-year decline in auto sales of 11.4%. This decline is less severe than the forecasted drop of 28.0% and an improvement from the previous year's decline of 22.5%. The data was released on Friday, July 17, 2026, at 06:35 AM.
Possible Market Effect: Cautious optimism in the automotive sales market.
Q&A:
Q: What was the year-on-year change in Turkey's auto sales for June 2026?
A: Turkey's auto sales declined by 11.4% year-on-year in June 2026.
Market Sentiment: Neutral - The moderation in decline suggests potential stabilization in the market.
Turkey's auto production showed a significant recovery in June 2026, with a year-on-year increase of 15.5%. This is a stark contrast to the forecasted decline of 35.0% and an improvement from the previous year's decline of 32.8%. The data was released on Friday, July 17, 2026, at 06:35 AM.
Possible Market Effect: Positive outlook for the Turkish automotive sector.
Q&A:
Q: What was the year-on-year change in Turkey's auto production for June 2026?
A: Turkey's auto production increased by 15.5% year-on-year in June 2026.
Market Sentiment: Buy - The recovery in auto production suggests a rebound in the sector.
Indonesia has reported a remarkable increase in Foreign Direct Investment (FDI) for the second quarter of 2026, reaching 27.4%, a significant rise from the previous year's figure of 8.5%. This surge indicates a growing confidence among foreign investors in Indonesia's economic prospects. The data was released on Thursday, July 16, 2026, at 06:30 AM.
Possible Market Effect: Positive sentiment towards Indonesian investments.
Q&A:
Q: What was the Foreign Direct Investment YoY in Indonesia for Q2 2026?
A: The Foreign Direct Investment YoY in Indonesia for Q2 2026 was 27.4%.
Market Sentiment: Buy - The increase in FDI suggests a robust economic outlook for Indonesia.
On Thursday, July 16, 2026, Singapore conducted its 6-Month T-Bill auction, resulting in a yield of 1.55%. This marks a slight increase from the previous yield of 1.5%. The auction reflects the current market conditions and investor sentiment towards short-term government securities. The yield is an important indicator for investors looking for safe investment options in the Singaporean market.
Possible Market Effect: Limited impact on the market due to the low importance of the event.
Q&A:
Q: What was the yield for Singapore's 6-Month T-Bill auction on July 16, 2026?
A: The yield was 1.55%.
Q: How does the current yield compare to the previous auction?
A: The current yield is higher than the previous yield of 1.5%.
Market Sentiment: Neutral - The slight increase in yield does not significantly alter market sentiment.
Importance: ★ Low
The Bank of Korea raised its Base Rate by 25 basis points, from 2.50% to 2.75%, matching the market forecast of 2.75%. The central bank attributed the decision to stronger export- and investment-led growth, inflation remaining above target, and persistent financial-stability risks. The Bank of Korea also released information concerning the Monetary Policy Board’s policy-setting meeting dates.
Because the increase was fully expected, the immediate market reaction may be more limited than it would have been following an unexpected rate hike. Future movements in the Korean won will depend heavily on the Bank of Korea’s guidance and expectations for subsequent decisions.
Possible Market Effect:
Higher interest rates are generally supportive of the Korean won and Korean bond yields. However, tighter borrowing conditions may pressure rate-sensitive shares and domestic-demand sectors in South Korea.
Market Condition and Sentiment:
Q&A
Q: What interest-rate decision did the Bank of Korea make on July 16, 2026?
A: The Bank of Korea raised its Base Rate by 25 basis points, from 2.50% to 2.75%.
Q: Did South Korea’s July 2026 interest-rate decision match market expectations?
A: Yes. The new rate of 2.75% was in line with the forecast.
Q: Is the Bank of Korea’s rate increase positive for the Korean won?
A: It is generally positive for the won, although the currency reaction may remain limited because the increase was already expected.
Source: Bank of Korea – Monetary Policy Board
Importance: Low ★
Brazil recorded a net foreign-exchange inflow of approximately $1.012 billion in the latest weekly reading, reversing the previous $4.218 billion outflow.
Possible Market Effect: The return of dollar inflows is supportive of the Brazilian real, although U.S. tariff risks remain an important external pressure.
Market Condition and Sentiment:
Brazilian Real: Cautiously Buyable
Q: Did Brazil record a foreign-exchange inflow or outflow?
A: Brazil returned to a net inflow of approximately $1.01 billion.
Source: Central Bank of Brazil.