Şimşek: 93.8 billion liras in support will be provided to agriculture in 2026 Minister of Treasury and Finance Mehmet Şimşek announced that 93.8 billion liras in funding, including subsidies and tax incentives, will be allocated to the agricultural sector in 2026. Şimşek stated that the permanent solution to food inflation lies in increasing production and achieving structural transformation in agriculture, and affirmed that low-cost financing support for farmers will continue.

New credit news from President Erdoğan: Limits increased, support packages announced. President Recep Tayyip Erdoğan unveiled new financial support measures for the agriculture and livestock sectors at the 5th Agricultural Ecosystem Meeting of Ziraat Bank. Credit limits for female and young farmers have been raised, and new credit packages have been introduced for dairy and beef operations, renewable energy investments, and small and large livestock farming.

I was expecting the #NFP news today first Friday as usually, but then today, the #US is observing independence day so the #NFP news was released yesterday and here's what we have........ Non-Farm Payrolls: +57,000 jobs, versus about +110,000 expected. Unemployment rate: 4.2%, down from 4.3%. The news so far has significantly reduced the idea of a rate hike anytime soon.

US June Jobs Report: A Stark Signal of Labor Market Cooling The latest employment data released today paints a picture of an economy losing momentum faster than many anticipated. Nonfarm payrolls rose by just 57,000 in June, barely half the consensus forecast of 113,000 and the weakest monthly gain since February. When combined with substantial downward revisions to prior months (April revised down by 31,000 to +148,000; May revised down by 43,000 to +129,000), the three-month average now sits at a subdued level that underscores a clear deceleration in hiring. What makes the headline numbers particularly telling is the composition beneath them. The unemployment rate edged lower to 4.2% from 4.3%, but this was not driven by robust job creation. Instead, it resulted from a sharp contraction in the labor force: participation rate fell from 61.8% to 61.5%, with the civilian labor force shrinking by 720,000. Employed persons dropped by 507,000, and full-time employment collapsed by 514,000. In plain terms, fewer people are working, and many discouraged workers appear to be exiting the workforce altogether rather than finding new opportunities. Sector details reinforce the softness. Gains were narrowly concentrated in professional and business services (+36K), social assistance (+25K), and health care (+22K, well below its recent trend). Leisure and hospitality actually shed 61,000 jobs amid weaker seasonal demand. Manufacturing, construction, retail, and government showed little to no net change. Wage growth remained moderate at +0.3% month-over-month (annual +3.5%), while the average workweek held steady at 34.3 hours, offering no offsetting strength in earnings or hours worked. Longer-term indicators flash additional warning lights: the number of long-term unemployed (27+ weeks) rose by 286,000 over the past year, now comprising 27.3% of all jobless. These figures collectively suggest a labor market that is not merely pausing but actively cooling, with the gap between establishment payrolls and household employment measures widening noticeably. For markets and policymakers, the implications are immediate. Odds of a Federal Reserve rate cut have surged, with September now firmly in focus as the most likely first move. While one month of data does not define a trend, the breadth and depth of this miss, especially against a backdrop of elevated interest rates and persistent (if moderating) inflation, will intensify debates about whether the economy retains sufficient resilience or is tipping toward a more meaningful slowdown. In short, today’s report is less a story of resilience than one of quiet erosion: fewer jobs created, fewer people participating, and growing evidence that the post-pandemic labor market is finally showing its limits. Investors, businesses, and households alike would do well to monitor the next several releases closely. The data is increasingly pointing toward policy easing, but also toward an economy that may need it.

bitcoin:native finally got off the couch: back above $61K - $62K as softer U.S. jobs data lifted hopes for a less aggressive Fed. Even better, spot Bitcoin ETFs saw inflows again after a painful 10-day outflow streak. It is not quite a “bull market is back” party yet, but the weekend playlist has definitely changed from sleepy to slightly groovy. Green candles, hot coffee, less fear. Let’s call it a controlled weekend bounce.

Markets don’t wait for rate cuts. They move on expectations. Kevin Warsh’s comments shifted expectations, and Bitcoin responded immediately. That’s the power of macro.