Global markets are mixed after Powell's statements

While the Russia-Ukraine war continues to be influential on pricing, the Fed's stance in monetary policy also complicates pricing in the markets.

In his speech yesterday, Powell stated that they could increase interest rates by 50 basis points in May, if necessary, and left the door open for 50 basis point rate hikes for future meetings.

After Powell's speech, it is priced in bond markets that there will be a 50 basis point increase in interest rates in May with a 63 percent probability, while the policy rate base is expected to be 2.25% at the end of the year.

While the selling pressure in the US bond markets also increased, the difference between the 30-year bond yield and the 5-year bond yield decreased to 0.2 percent, the lowest level since 2007.

On the other hand, although negotiations continue with the conflicts in the Russia-Ukraine war, no positive result has yet emerged from the talks of the two sides.

Despite Russia's ultimatum to Ukrainian soldiers to leave the city of Mauripol, Ukrainian President Volodymyr Zelenskiy announced that they would not leave the city.

Zelensky also said that the issues to be agreed in the negotiations with Russia should be submitted to a referendum in Ukraine.

US President Joe Biden will attend the NATO summit, the G7 summit and then the European Council summit on Thursday, after his contacts in Brussels tomorrow with the agenda of the Russia-Ukraine war. Biden will visit Poland after the summit with NATO leaders.

Analysts pointed out that the results of these meetings could have an impact on the markets.

The barrel price of Brent oil continues to rise amid fears of supply shortages. The barrel price of Brent oil, which gained 6.9 percent yesterday, continues to rise in the new day and finds buyers at 115.5 dollars with an increase of 1.7 percent.

Yesterday, the S&P 500 index lost 0.04 percent, the Nasdaq index fell 0.40 percent and the Dow Jones index fell 0.58 percent in the New York stock market. Index futures contracts in the USA are moving in a downward trend in the new day as well.

European Central Bank (ECB) President Christine Lagarde, in her statements yesterday, stated that the economic recovery in the European and US economies is at different stages and pointed out that the ECB monetary policies will not be in line with the Fed monetary policy.

Expressing that the Russia-Ukraine war affected the Eurozone more than the USA, Lagarde said that the indicators did not point to stagflation.

Euro/dollar parity is trading at 1.0990, 0.2 percent below the previous close, after depreciating by 0.41 percent yesterday.

Yesterday, the FTSE 100 index in the UK and the FTSE MIB 30 index in Italy increased by 0.51 percent and 0.30 percent, while the DAX index in Germany decreased by 0.60 percent and the CAC 40 index in France by 0.57 percent. European indices started futures trading with a sales-weighted course today.

On the Asian stock markets, a positive trend is observed today, despite the increasing oil prices and Powell's hawkish rhetoric. Near the closing, the Nikkei 225 index rose 1.4 percent in Japan, the Shanghai composite index rose 0.7 percent in China and the Kospi index in South Korea rose 0.8 percent. While the continued depreciation of the Japanese yen against the dollar supports the export company shares, it is seen that the concerns about the regulations in China have also eased.

After seeing its highest level since February 2016 with 120.5 today, the dollar/yen parity finds buyers at 120.3 with an increase of 0.7 percent compared to the previous close.

Domestically, the BIST 100 index, which continued its upward trend yesterday, gained 1.43 percent to 2,175.03 points. The dollar/TL, which closed at 14,8244 with an increase of 0.1 percent yesterday, follows a horizontal course at the opening of the interbank market today.

Analysts stated that the news flow about the Russia-Ukraine war remained at the center of the agenda and stated that the statements of ECB President Lagarde and Fed officials would also be followed.

Analysts said that the current account balance in the Euro Zone and the Richmond Fed manufacturing index in the USA came to the fore in today's data calendar.