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Data as of May 13, 2026, shows that trading volume in the 15 minutes before the US market opens is at the 93rd percentile historically, significantly higher than the average of the past 30 days, indicating strong buying support at the open. Simultaneously, the momentum index also reaches the 93rd percentile, significantly better than the 30-day average, reflecting that the markets ability to sustain trends has entered an extremely strong zone.May 13th - The global energy price shock triggered by the US-Israel conflict with Iran may force the Turkish central bank to raise its inflation forecast, further increasing pressure on the country to curb price increases. Turkish central bank governor Fatih Callahan will release his quarterly monetary policy report on Thursday. Analysts widely expect the central bank to raise its year-end inflation target and forecast range. The current target is 16%, with a forecast range of 15% to 21%. Hande Sekergi, chief economist at Is Asset Management, stated, "Although the central bank has stated it will not adjust its interim targets unless there are extreme circumstances, the global price shock and escalating supply issues are likely to prompt it to raise its year-end inflation target."May 13th - According to CNBC, the US Producer Price Index (PPI) saw its largest monthly increase in over three years in April, driven by continued pressure from upstream costs, indicating renewed inflationary pressures. Data released Wednesday by the US Bureau of Labor Statistics showed that the seasonally adjusted Producer Price Index (PPI) rose 1.4% month-over-month in April, far exceeding the 0.5% forecast in a Dow Jones survey and also higher than the revised 0.7% in March. This is the largest monthly increase since March 2022. Year-over-year, the PPI rose 6% in April, the highest level since December 2022. Excluding food and energy, the core PPI rose 1% month-over-month, higher than the expected 0.4%. Further excluding food, energy, and trade services, the PPI rose 0.6% month-over-month. Similar to the surge in CPI data released on Tuesday, energy prices were also the fundamental reason for the unexpectedly large increase in the April PPI data. The Bureau of Labor Statistics stated that about three-quarters of the increase in commodity prices in the PPI was driven by final demand for energy, which rose 7.8% that month. More than 40% of that increase could be attributed to a 15.6% surge in gasoline prices. That month, due to the impact of the Iran-Iraq War on the entire energy sector, U.S. gasoline prices had already well exceeded $4 per gallon.Alibaba (BABA.N) executive: By 2033, we will need 10 times the computing power of 2022.Following the release of US PPI data, the gains in the emerging market currency index narrowed.

As Leisure Travel Recovers, Australia's Qantas Will Acquire The Bulk of TripADeal

Charlie Brooks

May 24, 2022 09:22

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Australia's Qantas Airways announced on Tuesday that it will acquire a 51 percent stake in online travel operator TripADeal for an unknown sum in an effort to capitalize on the revival of demand for packaged vacations.


In recent months, easing COVID-19 and a revival in leisure travel have fueled a boom in the internet holiday booking business.


The agreement contains a provision for Qantas to acquire full ownership of TripADeal in four years and is expected to contribute to the national flag carrier's 2024 earnings targets.


It would enable regular fliers in the airline's reward program to redeem their points for any TripADeal vacation package, according to the Sydney-based company.


It said that Qantas Loyalty aimed for a return to double-digit growth in 2022 and underlying earnings before income tax of $500 million to $600 million by fiscal 2024.


Qantas said earlier this month that it would acquire the remaining ownership in Alliance Aviation Services for A$610.8 million to increase its footprint in the charter industry.