After the US officials' statements on Friday regarding the crisis between Russia and Ukraine, the diplomatic steps taken over the weekend were not enough to boost investor confidence.
While Ukrainian President Volodymyr Zelenskiy invited US President Joe Biden to Kiev to reduce tensions, it was reported that Biden called Zelenskiy and repeated his promise of support regarding the border crisis with Russia.
While commodity prices have risen to the highest levels of recent years after the increasing tension, it is noteworthy that this situation may adversely affect the economic recovery.
While it was estimated that the US Federal Reserve (Fed) would increase the policy rate by 50 basis points with a 92 percent probability in March, after the increasing inflation pressure in the USA, it is seen that this probability decreased to 57 percent after the increasing geopolitical risks.
The barrel price of Brent oil, which increased by more than 3 dollars on Friday to $ 93.9 with an increase of 3.5 percent, finds buyers at $ 94.4 with an increase of 0.5 percent at the beginning of the new week.
Recalling that energy prices already play an important role in the increasing inflation pressure worldwide, analysts stated that the increased volatility in the prices of these assets may also affect the uncertainty in monetary policies.
As investors' demand for safe-haven assets increased after rising geopolitical risks, the gold ounce price closed the day with an increase of 1.76 percent at $ 1,859 after hitting $ 1,865, the highest level since November 2021, on Friday. The ounce price of gold started the new week with a slight decline and stabilized at $1,853.
While the selling pressure, which was effective in the bond markets until last week, decreased with the increasing geopolitical risks, the 10-year bond yield of the USA decreased by 15 basis points to 1.94% on Friday.
On Friday, the S&P 500 index fell 1.90 percent, the Nasdaq index fell 2.78 percent and the Dow Jones index fell 1.43 percent in the New York stock exchange. In the new week, index futures contracts in the USA follow a buying-heavy course, albeit slightly.
In Europe, the guidance given by the President of the European Central Bank (ECB), Christine Lagarde, seems to be at the center of the agenda.
After the ECB's hawkish stance at its previous monetary policy meeting, uncertainties regarding the monetary policy roadmap continue.
Analysts pointed out that Lagarde moved away from the hawk tone in the statements he made last week, and stated that the evaluations of the crisis between Russia and Ukraine on the possible effects of the crisis on the region's economy by the ECB are important.
On Friday, European stock markets followed a sales-weighted course, while DAX 30 index was 0.42 percent in Germany, FTSE 100 index was 0.15 percent in England, CAC 40 index was 1.27 percent in France and FTSE MIB 30 index in Italy. decreased by 0.82%. European indices are also moving in a downward trend in futures today.
In Asia, a negative trend is observed in the stock markets today due to the increasing number of cases in the new type of coronavirus (Kovid-19) epidemic, the decreasing global risk appetite and concerns about the real estate sector in China.
Close to the closing, Shanghai composite index fell 0.92 percent in China, Nikkei 225 index lost 2.20 percent in Japan, Kospi index lost 1.54 percent in South Korea and Hang Seng index lost 1.43 percent in Hong Kong.
Domestically, the BIST 100 index, which closed on Friday before the decline in the US stock markets deepened, closed the day at 2,051.05 points with a 0.61 percent gain. On the other hand, Dollar / TL is trading at 13.52 at the opening of the interbank market today, after closing at 13,5118 with a horizontal course on Friday.
Analysts noted that the developments regarding the crisis between Russia and Ukraine are the main agenda item, and that the data calendar, which intensifies later in the week, is also important for asset prices.
Analysts stated that today the data agenda is calm in the domestic market, and that the statements of ECB President Lagarde will be followed in addition to industrial production in the Euro Zone abroad, technically, 2.020 and 1.990 levels in the BIST 100 index are in the support position and 2.090 points are in the resistance position.
The data to be followed in the markets today are as follows:
17.00 Euro Zone, industrial production in December
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