As the fears that the Omicron variant would disrupt the global economic recovery diminished, the global stock markets followed a buying-heavy course yesterday, while the positive trend was seen to be carried over to the new day with the Asian stock markets.
Technology shares led the rise in the New York stock market, while the S&P 500 and Nasdaq index recorded the strongest daily rise in the last 9 months.
Analysts stated that yesterday's announcement by Pfizer that the vaccines in use provide partial protection against the Omicron variant, supporting the rally in the stock markets, noted that the news flow on the Kovid-19 outbreak will be decisive on the direction of the markets.
While developments in the real estate sector in China remain uncertain, Chinese real estate giant Evergrande has still not fulfilled some of its bond payments.
Analysts said that Evergrande's default is an expected result, and they are trying to understand the question marks about how this will affect other companies.
US President Joe Biden and Russian President Vladimir Putin had a videoconference about Ukraine.
US National Security Advisor Jake Sullivan said Biden told Putin that if they invaded Ukraine, the US would increase its military support to Ukraine and its NATO allies in the region.
Yesterday, with the decrease in the concerns about the Omicron variant in the Kovid-19 outbreak, the S&P 500 index gained 2.07%, the Dow Jones index 1.40% and the Nasdaq index gained 3.03% in the New York stock market. Today, it is seen that the buying trend is dominant in index futures contracts.
In Europe, macroeconomic data, which surpassed expectations, also supported the rise in stock markets. While industrial production in Germany increased by 2.8 percent on a monthly basis, the Euro Zone surpassed expectations with a growth of 3.9 percent in the third quarter.
With these developments, DAX 30 index gained 2.82 percent in Germany, FTSE 100 index gained 1.49 percent in England, FTSE MIB 30 index gained 2.41 percent in Italy and CAC 40 index gained 2.91 percent in France. Index futures contracts started the new day with mixed movements.
In Asia, according to the data announced today, while the Gross Domestic Product in Japan fell by 3.6 percent annually in the third quarter, falling below expectations, analysts stated that the restrictions in the Kovid-19 epidemic played an important role in the said contraction.
As the news feed on the real estate sector in China continued to increase the volatility in asset prices, real estate company Kaisa Group requested the suspension of its shares on the Hong Kong stock market after Evergrande failed to pay its debts.
With these developments, the Nikkei 225 index gained 1.26 percent in Japan, Shanghai composite index gained 0.70 percent in China and Kospi index gained 0.40 percent in South Korea, while Hang Seng index remained flat in Hong Kong.
Domestically, the BIST 100 index in Borsa Istanbul increased by 2.78 percent compared to the previous closing, bringing the closing record to 1,981.04 points.
Analysts stated that the statements of the President of the European Central Bank Christine Lagarde and the number of job vacancies in the USA will be followed today, and that technically, the 2,000 and 2.040 levels in the BIST 100 index are in the position of resistance and the levels of 1,920 points are in the support position.
The data to be followed in the markets today are as follows:
18.00 USA, JOLTS job vacancies
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