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February 20, 2024

Turkish stock exchange up at Tuesday’s open

ANKARA: Trkiye’s benchmark stock index opened Tuesday at 10,282.75 points, up 0.15%, or 15.66 points, from the previous close.

On Monday, Borsa Istanbul’s BIST 100 index fell 0.10% and closed at 10,267.09 points with a daily trading volume of 49 bill…

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Trkiye’s external assets at $326.9B as of end-2023

ISTANBUL: Trkiye’s external assets totaled $326.9 billion at the end of 2023, up 6% from end-2022, according to official data released Tuesday.

Meanwhile, liabilities against non-residents fell 2% to $612.1 billion, Turkish Central Bank data showed.

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European car sales up 12.1% in January

ISTANBUL: New car registrations rose 12.1% in January on a yearly basis in the EU market, rebounding the slowdown in December 2023, the European Automobile Manufacturers’ Association said on Tuesday.

Last month, 851,690 units of cars were registered …

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China lowers 5-year loan prime rate by 25 basis points

ISTANBUL: The People’s Bank of China (PBoC) decreased China’s five-year loan prime rate (LPR) by 25 basis points, from 4.2% to 3.95%, on Tuesday.

The one-year LPR was unchanged at 3.45%, according to the state-run news outlet Xinhua.

“The reduction …

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Eurozone current account surplus up in December

ANKARA: The current account surplus in the euro area grew to pound 32 million ($34.5 billion) in December 2023, according to official data released on Tuesday.

The figure was up from a pound 22 billion surplus in the previous month, the European Cent…

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US stocks open lower

ISTANBUL: The Dow Jones was down three points, or 0.01%, to 38,624 at 9.42 a.m. EDT. The S and P 500 fell 29 points, or 0.59%, to 4,976.

The Nasdaq plummeted 170 points, or 1.07% to 15,606.

US producer inflation in January rose 0.9% annually and 0.3…

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