Although studies on the Omicron variant show that the variant is not as dangerous as the delta variant, the number of record cases worldwide continues to be a risk factor.
While restrictions were increased due to the increasing number of cases in China, a city with a population of 13 million was placed under quarantine. Although the governments in the West did not tighten the restrictions before the New Year holidays due to their fear of economic effects, the increasing cases caused many organizations to be canceled. Studies on the easy circumvention of the Omicron variant and the fact that it will not overload the health systems have eroded the negative effects of the variant on the markets. For the stock markets, which were closed on Friday due to the Christmas holiday in many countries, a quiet watch is expected in the new week, with low trading volume, especially due to the investors combining the Christmas holiday with the New Year's holiday. volatility was the focus of the agenda.
Even though the natural gas contracts closed the last week at 110.5 euros by giving back most of their gains after reaching a record level of 187.7 euros in January futures transactions, the news flow on the subject remains important on the markets. On the other hand, the high tension between Russia and Ukraine is a risk factor in the region. With these developments, the FTSE 100 index in the UK, which was trading for half a day on Friday, followed a horizontal course, while the CAC 40 index in France fell by 0.28 percent. Euro/dollar parity started the new week with a horizontal movement at 1.1320 levels. European index futures contracts seem to have started the new week with a mixed course. There will be no trading in the London stock market today due to a holiday. Although the increasing number of cases and tightening measures in China have put pressure on the stock markets, the statements of the Central Bank of China (PBoC) on the monetary policy at the weekend limited the downward pressures.
While the bank's statements were more dovish than expected, it was stated in the statement that a more "proactive" policy will be followed next year. In the statement, it was stated that the support to the real economy will increase and the monetary policy will be more target-oriented, and that liquidity will be increased for certain groups in the economy. It is observed that Asian stock markets, which started the week positively, turned negative near the close, while Nikkei 225 index in Japan decreased by 0.35 percent, Shanghai composite index in China decreased by 0.26 percent and Kospi index in South Korea decreased by 0.32 percent. Yurt Profit sales, which concentrated in the first half of last week in Borsa Istanbul, were replaced by reaction purchases in the last two trading days. BIST 100 index gained 4.76 percent on Friday and closed the day at 1,891.28 points. While the Dollar/TL continued its downward trend, which started from its peak on Monday, it completed the week at 10.9914, while trading at 11.25 at the opening of the interbank market today.
Analysts noted that the developments regarding the Omicron variant in the Kovid-19 epidemic in global stock markets continue to have an impact on asset prices. Today, domestic capacity utilization, real sector confidence index and sectoral confidence indices are followed by Dallas Fed manufacturing activity index data in the USA. Analysts stated that technically, the BIST 100 index is at the level of 1.930 as resistance and 1.840 points as support. sectoral confidence indices18.00 USA, December Dallas Fed manufacturing activity index
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