Although a clear conclusion has not yet been reached regarding the Omicron variant, the concerns about the subject are increasing day by day and it is seen that it has a positive impact on asset prices.
The first important step after the news that Chinese policy makers will highlight the steps to support the economy came in the reserve requirement ratios. The People's Bank of China announced that it has cut the required reserve ratio by 50 basis points.
Expectations that the state's harsh stance softened in the process related to real estate companies and that the funding of these companies would be facilitated increased the demand for risky assets.
Analysts stated that the said steps of China supported the markets, but expectations for more comprehensive steps continued.
US President Joe Biden and Russian President Vladimir Putin will meet on Ukraine via videoconference. The meeting came to the fore after Russia's massing of troops on the Ukrainian border and its increasingly harsh rhetoric.
Yesterday, with the decrease in concerns about the Omicron variant in the Kovid-19 outbreak, the S&P 500 index gained 1.17 percent, the Dow Jones index 1.87 percent and the Nasdaq index 0.93% in the New York stock market. Today, it is seen that the buying trend is dominant in index futures contracts.
Although the measures were at the focus of the agenda across Europe due to the Omicron variant, a buying-heavy trend was observed in the European stock markets yesterday after the increasing optimism around the world.
DAX 30 index gained 1.39 percent in Germany, FTSE 100 index gained 1.54 percent in England, FTSE MIB 30 index gained 2.16 percent in Italy and CAC 40 index gained 1.48 percent in France. Index futures contracts started the new day with a rise.
In Asia, the intense data agenda together with the news flow from China was also effective in the upward trend of the stock markets.
After Alibaba announced that it would replace some of its top executives, its shares traded in the USA gained more than 10 percent, while it was at a premium of about 10 percent in the Hong Kong stock market.
Chinese real estate giant Evergrande shares, which have a debt of 300 billion dollars, started the day with an increase of about 10 percent, but gave back a significant part of its earnings in the following hours. Debt restructuring processes regarding real estate companies in China continue to be closely monitored.
While the Reserve Bank of Australia kept the policy rate unchanged at 0.1 percent, it did not change its guidance on inflation.
While exports in China increased by 22 percent and imports increased by 31.7 percent, above the market expectations, the leading index rose to 102.1 in Japan.
With these developments, the Nikkei 225 index gained 2.04 percent in Japan, the Hang Seng index gained 1.70 percent in Hong Kong, the Shanghai composite index in China gained 0.10 percent and the Kospi index in South Korea gained 0.48 percent. .
Domestically, the BIST 100 index increased by 0.89 compared to the previous closing in Borsa Istanbul, bringing the closing record to 1,927.39 points.
Dollar/TL, on the other hand, is trading at 13.7930 at the opening of the interbank market today, after closing the day at 13.8083 with an increase of 0.7 percent in the international market yesterday.
Analysts said that today, treasury cash realizations in the country, industrial production and ZEW expectation index in Germany, third quarter Gross Domestic Product (GDP) in the Euro Zone and foreign trade data in the USA will be followed abroad.
Stating that the developments regarding the Kovid-19 outbreak are in the focus of investors, analysts stated that the BIST 100 index is technically 1.950 resistance and 1.870 points support.
The data to be followed in the markets today are as follows:
10.00 Germany, October industrial production
13.00 Germany, December ZEW expectation index
13.00 Euro Area, third quarter GDP
16.30 US, October foreign trade balance
17.30 Turkey, November treasury cash balance
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