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Global markets follow a mixed course

While the data on the Omicron variant, which emerged in the new type of coronavirus (Kovid-19) epidemic, increased the concerns about the economic activity, a mixed course is followed with low trading volume in the stock markets.

Global markets follow a mixed course

In the Kovid-19 epidemic, the number of cases, which reached record levels worldwide, decreased the risk appetite, while a low volume and mixed outlook is followed in the stock markets, as most investors combine Christmas and New Year's holidays in the last trading days of the year.

Yesterday in the USA, it was announced that the highest number was reached in the Kovid-19 epidemic with an increase of 441 thousand 278 cases in a single day. However, the expectations that the studies on the Omicron variant will overcome the disease more easily and that it will not overload the health system are eroding the negative impact of the data on the markets.

On the other hand, according to the macroeconomic data released in the USA yesterday, housing prices increased by 1.1 percent monthly in October, above the expectations, while the Richmond Fed manufacturing index exceeded the forecasts with 16 in December.

With these developments, the Dow Jones index gained 0.26 percent in the New York stock market, while the S&P 500 index decreased by 0.10 percent and the Nasdaq index decreased by 0.56 percent.

On the European side, there were no transactions in the markets due to the ongoing Christmas holiday in the UK yesterday, while domestic dynamics came to the fore in the open stock markets. DAX 30 index gained 0.81 percent in Germany, FTSE MIB 30 index gained 0.78 percent in Italy and CAC 40 index gained 0.57 percent in France.

After falling 0.1 percent to 1.1312 yesterday, the euro/dollar parity tested below 1.13 and stabilized just above this level. Futures contracts of European indices also started the new day with a mixed outlook.

The search for direction draws attention in Asian stock markets due to the weak data calendar today. While the news flow regarding the Kovid-19 epidemic after the increased measures in China remained at the center of the agenda, the most important factor limiting sales in the stock markets is that the Central Bank of China announced that it will continue its supportive policy.

While the Nikkei 225 index depreciated by 0.80 percent in Japan, the Shanghai composite index in China by 0.75 percent, and the Kospi index in South Korea by 0.80 percent, in Australia, the S&P ASX 200 index diverged positively by 1.2 percent. rose.

Domestically, the BIST 100 index, which lost 2.46 percent in Borsa Istanbul yesterday, especially with the sales increasing its effect in bank shares, closed the day at 1,850.48 points. On the other hand, after closing at 11.8277 with an increase of 2.3 percent yesterday, the dollar/TL is traded at 11.8790 at the opening of the interbank market today.

Analysts stated that despite the concerns about the Omicron variant, a volatile course was observed in the stock markets, where the trading volume was low due to the investors who combined the Christmas and New Year holidays abroad.

The data to be followed in the markets today are as follows:
10.00 Turkey, CBRT 2022 Monetary and Exchange Rate Policy

16.30 US, November wholesale and retail stocks

18.00 US, home sales pending November

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