This week's most important economic events for the markets from February 16-20, 2026:

Monday, February 16, 2026
Turkey: Budget Balance for January → High-impact local data. If the budget deficit comes in lower than expectations, it could be positive for the TL; if higher, it may exert negative pressure.
Eurozone: Industrial Production → Moderate-high impact. Weak data increases ECB rate cut expectations → EUR may weaken.
Overall, the start of the week is calm, but liquidity could be low due to Presidents' Day (US markets closed).
Tuesday, February 17, 2026
UK: Unemployment Rate, Average Earnings → Moderate-high impact. Strong wage growth supports the BoE's hawkish stance → GBP may react positively.
Germany / Eurozone: ZEW Economic Sentiment Index → Moderate impact, if sentiment is weak, EUR remains under pressure.
Wednesday, February 18, 2026
US: Durable Goods Orders, Housing Starts / Permits, Capacity Utilization & Industrial Production → Moderate-high impact. Strong data → USD strengthens, bond yields rise, stocks may come under pressure.
UK: CPI and Core CPI → Very high impact. If inflation surprises to the upside, expectations for a BoE rate cut decrease → GBP rally, sterling bonds fall.
US: January FOMC Minutes → High impact. Provides clues on inflation, employment, and interest rate path. Hawkish tone → USD positive, risk appetite decreases.
Thursday, February 19, 2026
US: Weekly Jobless Claims → Moderate impact, if the labor market softens, Fed rate cut expectations increase.
Japan: National Core CPI → High impact. If inflation approaches the target, BoJ normalization expectations strengthen → JPY supported.
ECB President Lagarde Speech → Moderate impact, EUR moves depending on dovish/hawkish tone.
Friday, February 20, 2026
US: Leading GDP Q4 2025, Core PCE Price Index, Personal Income/Spending → The most critical data of the week, (high-high impact). Strong growth + high PCE → USD surges, stocks and gold are pressured, Fed rate cut expectations decrease.
Weak growth + low inflation → Risk appetite increases, USD weakens, bonds rise.
US / Eurozone / UK / Germany: Flash PMI Manufacturing & Services → Moderate-high impact. Weak PMI data raises recession fears → risk aversion.
Market Summary
Most critical days: Wednesday (UK CPI + FOMC Minutes) and Friday (US GDP + PCE).
Main themes: Inflation (CPI/PCE), growth (GDP), industrial production(, and central bank tone )Fed, BoE, ECB, RBNZ(. If inflation exceeds expectations, rate cut expectations decrease → USD/GBP strengthen, stocks and gold are pressured. Conversely, low inflation/growth → risk appetite increases, gold and stocks rise.
Specifically for Turkey: Budget, Consumer Confidence Index )Thursday?(, and local data like Real Sector Confidence Index / Capacity Utilization could impact the TL and BIST. If global risk appetite is low, TL may be negatively affected.
Markets could be volatile this week, especially the US PCE data on Friday will be very decisive for the Fed's 2026 interest rate roadmap. I recommend following closely!
)Silver (Bitcoin )Bist100 (Quantfury )Nasdaq (SPX )US10Y