Yesterday, the S&P 500 index and the Dow Jones index closed to a record with strong third-quarter company profitability in the New York stock market. Despite the indices closing a record, the increasing selling pressure close to the closing was also carried over to the Asian stock markets on the new day.
The negative news about the troubled real estate sector in China continues. China's recommendation to the owner of the real estate company Evergrande, which has a known debt of 300 billion dollars, has reduced the risk appetite in the markets.
Analysts stated that China's attitude towards Evergrande may reflect its attitude towards the housing sector in general, and that it is thought that similar problems may be experienced in different companies.
Tensions between China and the USA rose again with the decision taken in the USA. As the US revokes China Telecom's license to operate in the country, it is feared that this could negatively affect Chinese technology companies.
The 10-year bond yield, which fell to 1.61% yesterday in the USA, is currently at the level of 1.63% after rising again from this level.
Yesterday, the S&P 500 index rose 0.18 percent, the Nasdaq index rose 0.06 percent and the Dow Jones index rose 0.04 percent in the New York stock market. In the New York stock market, index futures contracts are seen to be moving sideways today.
On the European side, a positive trend was observed yesterday before the European Central Bank (ECB) meeting to be held tomorrow. While the ECB is not expected to change interest rates at the meeting tomorrow, it is expected to maintain its supportive stance.
Yesterday, FTSE 100 index gained 0.76 percent in England, DAX 30 index gained 1.01% in Germany, FTSE MIB 30 index gained 0.58 percent in Italy and CAC 40 index gained 0.80 percent in France.
Concerns that the tension between the USA and China may increase in Asia draws attention as a factor that puts pressure on the markets. Following the US Secretary of State Antohny Blinken's request for Taiwan to be given a more important role in the United Nations, and the US revoking China Telecom's operating license, the eyes were turned to statements from the authorities.
The data to be followed in the markets today are as follows:
10.00 Turkey, September foreign trade balance
10.00 Turkey, October economic confidence index
15.30 US, September wholesale stocks
15.30 US, September durable goods orders
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