In the war between Russia and Ukraine, Russian troops began to attack the cities more violently, while the statements made by the Russians yesterday increased the volatility in the markets.
In the statements made by Russia yesterday, it was stated that the operation would not be terminated before reaching the determined targets, while the more intense use of artillery fire in the attacks on cities strengthened the concern that civilian casualties would increase.
While the attitude towards Russian companies and partnerships continues to strengthen around the world, the world's largest container shipping company, Maersk, announced yesterday that it will temporarily suspend deliveries to and from Russia.
While the US energy company ExxonMobil announced that it will cease its operations in the Sakhalin-1 natural gas and oil production field in Russia and will not make new investments in the country, the European Central Bank has ordered the closure of Sberbank Europe.
Analysts noted that with the intensification of the war, its effect on the economy increased, adding that this effect was seen in many asset pricing.
While the pricing in the bond markets that the US Federal Reserve (Fed) would raise interest rates by 50 basis points at this month's meeting disappeared yesterday, it is estimated that the Fed will increase interest rates by 25 basis points with a 92 percent probability as of today.
While it was predicted that the Fed would increase interest rates by 7 in the bond markets in February, after yesterday's developments, the forecasts were updated as 5 interest rate hikes this year.
Today, the statements of Fed Chairman Jerome Powell, who is scheduled to present the Half-year Monetary Policy Report at the Financial Services Committee of the House of Representatives, placed in the focus of investors.
While these developments increased the demand for safe-haven assets, they brought selling pressure in the stock markets.
The US 10-year bond yield was stabilized at 1.74 percent yesterday after falling to 1.68%, the lowest level since January 14.
The ounce price of gold, which rose by 1.86 percent to $1,945 yesterday after the increased risk perception, is currently trading at $1,934, while the barrel price of Brent oil is at its highest level since July 2014, with a 3.2 percent gain in value after increasing by about $8 yesterday. which reached the limit of 110 dollars.
On the other hand, 31 countries that are members of the International Energy Agency (IEA) have agreed to use 60 million barrels of oil within the scope of emergency reserves in order to ensure that there will be no shortage of supply in the global oil markets due to the Russia-Ukraine war.
Analysts stated that although oil prices have risen to record levels in recent years, Russia has not been able to find buyers, despite discounts exceeding $18 per barrel in oil extracted from the Ural region.
The dollar/ruble parity, on the other hand, saw its highest level of all time with 119.1 and closed the day at 109.51, increasing 1.5 percent compared to the previous close.
Yesterday, the S&P 500 index fell 1.55 percent, the Dow Jones index fell 1.76 percent and the Nasdaq index lost 1.59 percent in the New York stock market. In the US, index futures contracts follow a buying-heavy course on the new day.
While the sales-oriented course continues in the European share markets, the finance ministers of the EU member countries will meet with the video conference method today.
While European companies continue to decide to terminate their partnerships with Russian companies, European states continue to send weapons to Ukraine.
ECB President Christine Lagarde, who made a statement yesterday, stated that the ECB has implemented the sanctions decided by the European Union (EU) against Russia.
Switzerland-based Glencore, one of the world's largest commodity companies, also stated that it will review all its commercial activities in the country, including its shares in Russian companies En+ and Rosneft.
With these developments, the euro/dollar parity is finding buyers at 1.1120 on the new day, after testing the lowest level since May 2020 with 1.1090 yesterday.
Yesterday, the DAX index in Germany decreased by 3.85 percent, the FTSE 100 index in the UK by 1.72 percent, the CAC 40 index in France by 3.94 percent and the FTSE MIB 30 index in Italy by 4.14 percent. European indices started futures trading today with a mixed course.
On the Asian side, a sales-weighted trend is observed, parallel to the New York market.
Analysts noted that rising commodity prices suppressed the stock markets, especially with the concern that they might adversely affect China's economic recovery.
While the Nikkei 225 index in Japan, which is close to the closing, decreased by 1.63%, the Shanghai composite index in China decreased by 0.39 percent, the Hang Seng index in Hong Kong depreciated by 1.40 percent, the Kospi index in the South Korean market, which was closed yesterday due to the public holiday, decreased by 0.39 percent. rose 0.57.
Domestically, the BIST 100 index rose 1.22 percent to 1,969.91 points yesterday. The dollar/TL, which completed the day at 13.9019 with an increase of 0.44 percent yesterday, is trading at 13.99 at the opening of the interbank market today.
Today, unemployment in Germany, Consumer Price Index (CPI) in the Eurozone and ADP private sector employment data in the USA will be followed.
Analysts said that technically, 1.930 and 1.870 levels in the BIST 100 index are in the support position and 1.980 points are in the resistance position.
The data to be followed in the markets today are as follows:
10.00 UK, February house price index
11.55 Germany, unemployment in February
13.00 Euro Zone, CPI in February
16.15 US, February ADP private sector employment
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