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OECD inflation at lowest level since October 2021

ISTANBUL: The annual inflation averaged at 5.6% in the Organization for Economic Co-Operation and Development (OECD) area in June, down from 5.9% in May.

“This is the lowest level since October 2021, although a similar rate was already approached sev…

Turkish stock exchange down 5.5% on Monday

ISTANBUL: The Turkish benchmark stock index closed Monday at 9,893.41 points, down 5.54% from the previous close.?

The BIST 100 index started the week at 9,769.69 points, losing 580.06 points from Friday’s close.?

The lowest value of the index for t…

US stocks open week with major losses amid recession fears

ISTANBUL: Major stock exchanges in the US opened Monday with major losses as recession fears continue in global stock markets.

The Dow Jones plummeted 931 points, or 2.3%, to 38,836 at 10.05 a.m. EDT (1400GMT). The blue-chip index lost 610 points, or…