2.5 trillion dollars in debt with recession and concerns of a weakening global stock markets yesterday, with U.S. employment data breath. Despite this loss, closing European stock markets did not make it yesterday. After negotiations lasting for days now solve the crisis of the U.S. debt limit, but did not make it erroneous credit rating. The United States fell for the first time on AAA credit rating was AA +.

The value of shares traded on stock exchanges in the world, a new global economy moving towards recession and the debt crisis of Italy and Spain in the Euro Zone this week, concerns that the threat reduced by more than $ 2.5 trillion. MSCI All Countries World index of the amount, if compared to the entire equal to the size of France's economy. U.S. S & P 500 Endeksi'ndeki losses of $ 850 billion this week, taking the market value, the MSCI Europe has lost more than $ 820 billion. MSCI World Stock Markets Index 1.8 percent fell to its lowest level in 11 months of decline.
U.S. data gave moraleExperienced large declines in the day yesterday, the U.S. employment data raised the markets come to the rescue. Dow Jones falling 4.31 percent the previous day in the United States, exceeded expectations due to the non-agricultural employment data yesterday, the day began to rise. Exceeded expectations, with 117 thousand non-agricultural employment in the United States, the unemployment rate to 9.1 percent announced lower than expected. The data in Europe has caused a partial recovery. Olli Rehn, EU Commissioner responsible for economic and monetary affairs, Italy, and Spain's financial aid plan description need not be a bit put out the fire.
A first for the U.S.Credit ratings agency Standard & Poors, the United States has reduced the credit rating a notch. Download credit rating organization as a justification to receive approval from Congress to reduce the budget deficit will not be enough to solve the debt crisis of the plan shown. Negative credit view of the United States as a description of the Standard & Poors'un credit rating one step led to rumors that more cumbersome task.
Oil prices fell to earthEconomic recession has caused a large fall in petroleum concern. During the year, up to $ 114 over 5 percent of the value of oil fell, losing up to $ 85. Loss compared to 25 per cent reached the summit.
Leaders vigilant
European Union leaders seeking to resolve the crisis that shook markets continues. German Chancellor Angela Merkel and French President Nicolas Sarkozy, made phone calls on important developments in global markets. Sarkozy, European Central Bank (ECB) President Jean-Claude Trichet met with the debt crisis in the Euro Zone. Spanish Prime Minister Zapatero, held talks with Sarkozy and EU Commissioner Rehn. Olli Rehn, the EU Commission is currently focusing on to put out the fire immediately, he said.
The largest decline over the shock of the decisions of the Istanbul Stock Exchange The Central Bank has not nominated the previous day's surprise the markets increased blood pressure well. Anxiety brought by recent steps taken by the Central Bank of the inside, while abroad resasyon concerns for the U.S. economy, Spain, and Italy's debt crisis under the threat of being struck in the global stock markets necessarily lead to the decline. U.S. employment data due to recovery in overseas stock markets on the ISE can not get a share of 5.16 percent of the 'loss of 56,265 health points, the lowest level over the last year has closed. Yapi Kredi Bank, the banking index decreased 8.5 percent while 6.36 percent, 6.85 percent of Bank C, 6.4 percent of Garanti Bank, Akbank, fell 5.7 percent. 9.7 per cent decline in the stock market last week, while the market value of companies decreased by 30.3 billion dollars. A two-day decline in the stock market was 8.2 percent. The dollar amount up to the foreign exchange market yesterday was 1,748. After the U.S. employment data, the dollar fell to below 1,730 TL. Hard decisions of the Central Bank's estimate of investors in the stock market analysts anlamlandıramamasının stating that effective, "went on sale, especially foreigners. The Center will try to figure out what you want to wait outside for a while, "the assessment found.On the other hand, the day before the policy rate corridor narrowed the Central Bank lowers interest rates yesterday, the foreign exchange reserve dropped 0.5 percentage points for all maturities. In a statement released by the Central Bank lowered the required reserve ratios will be provided approximately 930 million dollars of liquidity, the weighted average required reserve ratio will decline to 11 percent was recorded.Central Bank, the latest foreign exchange selling auctions held on 2 April 2009 it started again. The 50-million dollar foreign exchange trading yesterday, the auction, the average price was 1.7344 pounds. Came to the tender offer of $ 91 million. Thursday's statement of the Centre for foreign exchange sale auctions attracted bankers note that there is no upper and lower limits, it can be considered direct intervention of the Centre able to provide to make large sales of foreign exchange, he noted.
Call for calmFinance Minister Mehmet Simsek, as on the latest developments in the global economy, "Let's be prudent, but do not have an air of panic," he said. Simsek, the recent decisions of the Central Bank in the foreign exchange market volatility in the global growth restriction and should be considered within the framework of the concerns put forward against a pre-existing attitudes, he said. The Lightning also did not identify the correct approach to cut spending, he said.
Science, Industry and Technology Minister Nihat Ergun, Turkey's economy needs to be said for the additional measure packages. Positive impact on the decisions of the Central Bank will not allow that, and that the economy into recession, Ergun "Measure would require packages that we do not think at one point. Messages to the decision of the Central Bank is in itself, "he said.
Over the decisions of the Central Bank stated that the Economy Minister Zafer Caglayan, "2009 crisis was a lesson to everyone. We as a government to the current situation is extremely prepared. I am convinced that there is unprepared, as well as other countries in 2009. The current situation more easily atlatılacaktır 2009. From next week, the normal, the balance will need to come, "he said.
MB Chairman Michael Başçı, there is no reason for the Turkish lira to lose more value, indicating an additional loss in TL, in observing the amount of foreign exchange trading and foreign currency reserve requirement ratios arttıralacağını downloaded, he said.
Collecting staffs
On the other hand, Prime Minister Recep Tayyip Erdogan will meet with the cabinet and the party's economic kurmaylarıyla. According to information obtained, to the chairmanship of Erdogan 'Economic Evaluation' meeting will be held on Tuesday. Officials of the meeting by emphasizing that a specific meeting, noting to do an overall assessment of the economy.
Başçı dangerous game
Wall Street Journal, the Central Bank's policy interest rates markets download hiss defending its decision, "the Central Bank is trying to do what," wrote the question still remains unanswered. Some economists, for decisions 'shocking', 'dangerous' that the newspaper is using the words of Brown Brothers Harriman'dan Ad Solot speaking, "the President is playing a very dangerous game Başçı think," he said. U.S. newspapers, market players still trying to understand the decisions taken regarding the developments in the global economy of the Central Bank of the interpretation did not at all optimistic. Gazette, economists, decisions 'shocking' and 'dangerous' as nitelediklerini, investors said the bank's credibility sorguladıklarını. (Radikal)