The buyer's trend, which was effective in the global stock markets yesterday, moved to the new day with the Asian stock markets.
While the signs that the announced 3rd quarter financial results showed that the new type of coronavirus (Kovid-19) epidemic and the increasing salary and price pressures affected the profit margins of the companies to a lesser extent, the selling pressure was strengthened by the inflation pressures that continued to increase on the bond markets side.
Although the US 10-year bond yield reached its highest level since May 20, with 1.67 percent yesterday, it is seen that this pricing is not reflected in the stock markets with the optimism about corporate profitability for now.
On the other hand, yesterday, the first exchange-traded fund (ETF) based on Bitcoin futures contracts in the US began trading on the New York Stock Exchange. ProShares' Bitcoin Strategy ETF, traded under the code "BITO", is up over 4 percent in its first trading day.
After the first ETF based on Bitcoin futures contracts started trading on the stock market, the value of Bitcoin reached its highest level since April with $ 64 thousand.
With these developments, the S&P 500 index gained 0.74 percent, the Nasdaq index by 0.71 percent and the Dow Jones index by 0.56 percent in the New York stock market yesterday. Index futures contracts are seen to be mixed in the New York stock market today.
While commodity prices and the dollar index are in a downward trend in the new day, the price of Brent oil per barrel is 84.1 dollars, copper is at the level of $ 4.69 with a depreciation of more than 2 percent, and the dollar index is at the level of 93.7.
On the European side, eyes turned to the Consumer Price Index (CPI) data to be announced today in the Eurozone and the UK.
While it is certain that the BoE will raise interest rates by 15 basis points at the meeting in November, following the statements of the Bank of England (BoE) Governor Andrew Bailey, the statements by the European Central Bank (ECB) maintain the theme that the increase in inflation is "temporary".
Yesterday, the FTSE 100 index in the UK increased by 0.19 percent, the DAX 30 index in Germany by 0.27 percent and the FTSE MIB 30 index in Italy by 0.67 percent, while the CAC 40 index in France decreased by 0.05 percent.
While the euro/dollar parity is currently around 1.1650 with an increase of 0.1 percent compared to the previous close, it is seen that the European index futures contracts have started the new day with a mixed course.
In Asia, the news flow from China continues to dominate the stock markets. While the People's Bank of China (PBoC) did not change its 1-year and 5-year borrowing rates, the PBoC's liquidity to the market increased the risk appetite.
After the coal contracts continued to break records in the futures market, the Chinese government met with important coal producers, while the news flow that China was considering intervention in rising coal prices caused prices to decline.
In China, which meets a significant part of its electricity production from coal, coal needs, which increased due to the approaching winter season and concerns about energy supply, after the steps taken for green energy narrowed the coal supply, brought coal prices to record levels.
Another prominent agenda item is the dollar/yuan parity's decline to 6.39, the lowest level since June.
In Japan, according to the data released today, the foreign trade deficit was realized above the expectations with 622.8 billion yen, while exports increased by 13 percent and imports increased by 38.6 percent.
With these developments, Nikkei 225 index gained 0.2 percent in Japan, Shanghai composite index gained 0.06 percent in China and Hang Seng index gained 1.2 percent in Hong Kong, while Kospi index gained 0.37 percent in South Korea. lost value.
Domestically, the BIST 100 index in Borsa Istanbul rose in parallel with the global stock markets and closed the day at 1,429.85 points with an increase of 0.86 percent. Dollar/TL, on the other hand, regressed after seeing its historical peak with 9.3765 in the international market yesterday and closed the day at 9.3012 with a decrease of 0.36 percent. Dollar/TL is traded at 9.3020 levels at the opening of the interbank market today.
Analysts said that today, the CPI in the UK and the Euro Zone, the Producer Price Index (PPI) in Germany and the Beige Book Report of the US Federal Reserve (Fed) will be followed.
Stating that the company's financial results, which continue to be announced on a global basis, may trigger share-based price movements, analysts said that technically, 1.444 points in the BIST 100 index are in the position of resistance and the level of 1.396 is in the support position.
The data to be followed in the markets today are as follows:
09.00 UK, September CPI
09.00 Germany, September PPI
10.00 Turkey, September PPI abroad
12.00 Euro Zone, CPI for September
21.00 The USA, Fed's Beige Book Report
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