While the increasing Kovid-19 cases and inflation pressure around the world continue to affect asset prices, this week, the Fed's meeting minutes and US President Joe Biden's statements, as well as the manufacturing industry and services sector Purchasing Managers Index (PMI) to be announced worldwide. data agenda will be followed.
President Biden is expected to announce his nomination for Fed Chair this week. It is estimated that Jerome Powell, whose term will expire in February, may be nominated again or the name of Fed Board Member Lael Brainard may come to the fore.
While the increasing number of cases in the Kovid-19 epidemic was one of the factors that increased the risk perception, it played a leading role in the sales-oriented course of the European stock markets on Friday.
After Austria announced that it would implement the 20-day curfew from Monday, following the increasing number of cases, hard sales were seen in the shares of the aviation sector across Europe.
While Fed officials gave verbal guidance throughout the past week, the fear that the Fed might change the pace of asset purchases in the range increased the selling pressure in the stock markets.
On the other hand, the increasing tension between Russia and Ukraine is among the factors that lowered the risk appetite at the beginning of the new week.
On the other hand, the expectations that the regulatory steps in China are coming to an end and the guidance of the People's Bank of China (PBoC) to take steps to support the slowing economy were effective in China's positive divergence.
With these developments, the US 10-year bond yield was stabilized at 1.56 percent with a flat course. While the dollar index increased to 96.1, albeit limited, the barrel price of Brent oil, which lost more than 3 percent on Friday, is hovering at $78 in Asian markets today.
On Friday, the S&P 500 index in the New York stock market fell by 0.14 percent and the Dow Jones index depreciated by 0.75 percent, while the Nasdaq index closed a record with an increase of 0.40 percent. Today, it is seen that the buying trend is dominant in index futures contracts.
While the European stock markets followed a selling trend in parallel with the increasing number of cases in the Kovid-19 outbreak on Friday, the news flow regarding the epidemic and the statements of the European Central Bank officials will be followed today.
On Friday, the DAX 30 index in Germany fell 0.38 percent, the FTSE 100 index in the UK fell 0.45 percent, the FTSE MIB 30 index in Italy fell by 1.17 percent and the CAC 40 index in France fell 0.42 percent.
The euro/dollar parity, on the other hand, is trading at 1.1274, 0.1 percent below the previous close, after seeing its lowest level since July 2020 with 1.1250 on Friday.
In Asia, stock markets are moving in an upward trend with the guidance of the PBoC that it will support the economy despite not changing interest rates, and export data in South Korea that exceeded expectations.
While the Nikkei 225 index gained 0.10 percent in Japan near the closing, the Shanghai composite index gained 0.59 percent and the Kospi index in South Korea gained 1.32 percent, the Hang Seng index lost 0.51 percent in Hong Kong.
Stating that the developments regarding the Kovid-19 outbreak and the verbal guidance of the ECB officials may increase the volatility, analysts stated that 1.745 and 1.780 levels in the BIST 100 index are technically in the position of resistance and 1.670 points in the support position.
The data to be followed in the markets today are as follows:
10.00 Turkey, November consumer confidence index
10.00 Turkey, October foreign producer price index
16.30 US, October Chicago Fed national activity index
18.00 USA, second hand home sales in October
18.00 Eurozone, November consumer confidence index
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