The restrictions that came to the fore as the Omicron variant continues to spread in the Kovid-19 epidemic erodes the risk appetite. In addition to the unsettling developments in the epidemic, the intense data agenda, especially the Consumer Price Index (CPI) in the USA, is expected to have an impact on the markets.
Analysts stated that inflation data is followed closely by investors as it is one of the important determinants of the US Federal Reserve's (Fed) monetary policy. Noting that today's data may affect the expectations regarding the Fed's asset purchase rate and interest rate hikes, analysts warned investors that volatility in asset prices may increase.
In the US, CPI is expected to increase by 0.7 percent monthly and 6.8 percent annually in November.
In China, Chinese real estate giants Evergrande and Kaisa defaulted after failing to pay their debts, while China Central Bank (PBoC) Chairman Yi Gang stated that the situation should be considered as a market reality.
With the increasing number of cases in the Kovid-19 epidemic and the cautious stance that was effective before the inflation data to be announced today, a mixed course was observed in the New York stock market yesterday. While the S&P 500 index lost 0.72 percent and the Nasdaq index lost 1.71 percent, the Dow Jones index remained flat. Today, it is seen that the mixed trend is dominant in index futures contracts.
While the increasing number of cases in the Kovid-19 epidemic is at the center of the agenda in Europe, an intense data agenda, especially inflation in Germany, will be followed today.
Yesterday, the DAX 30 index in Germany lost 0.30 percent, the FTSE 100 index in the UK by 0.22 percent and the CAC 40 index in France by 0.09 percent, while the FTSE MIB 30 index in Italy gained 0.24 percent. Index futures contracts, on the other hand, started the new day with a selling trend.
On the Asian side, against the yuan, which continues to strengthen against the dollar, the People's Bank of China increased the FX reserve requirement ratio by 200 basis points to 9 percent yesterday.
According to the macroeconomic data announced in Japan, the Producer Price Index (PPI) exceeded expectations with an annual increase of 9 percent in November and reached the highest level of the last 40 years.
With these developments, Asian stock markets followed a sales-weighted course on the last trading day of the week with low risk appetite parallel to the global stock markets, while the Nikkei 225 index in Japan was 0.65 percent, Shanghai composite index in China was 0.23 percent, and South Korea was close to the closing. The Kospi index fell 0.64 percent and the Hang Seng index in Hong Kong fell 0.66 percent.
Domestically, BIST 100 index gained 1.34 percent compared to the previous closing in Borsa Istanbul, breaking the closing record with 2.031.44 points, and brought the highest level record in the day to 2.053.47 points.
Dollar/TL, on the other hand, is trading at 13,7850 at the opening of the interbank market, after closing the day at 13,7956 with an increase of 0.9 percent in the international market yesterday.
Analysts stated that today, the market participants survey and unemployment rate of the Central Bank of the Republic of Turkey (CBRT) in Turkey, inflation in Germany and the USA and industrial production data in the UK will be followed, technically speaking, the level of 2.050 in the BIST 100 index is resistance, He stated that 1,960 points are in the support position.
The data to be followed in the markets today are as follows:
10.00 Turkey, December CBRT's market participants survey
10.00 Turkey, October unemployment rate
10.00 Germany, November CPI
10.00 England, October industrial production
16.30 US, November CPI
18.00 USA, December University of Michigan consumer confidence index
22.00 US, November Treasury budget balance
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