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Global markets remain positive

Global markets maintain their positive course with optimism that company profitability will continue to exceed expectations in the third quarter.

Global markets remain positive

Yesterday, the S&P 500 index in the New York stock market closed a record, while the electric car manufacturer Tesla, traded in the Nasdaq index, gained 13 percent and became the first automobile brand to reach a valuation of 1 trillion dollars. Car rental company Hertz's order of 100 thousand Tesla played a leading role in Tesla's 13 percent increase.
It is seen that the buying-heavy trend in the New York stock market has also moved to the Asian stock markets today. The announcement that US Treasury Secretary Janet Yellen and Chinese Deputy Prime Minister Liu He talked about Economy, Breaking Economy News, Economy and cooperation in some areas increased the risk appetite. The increasing number of cases in the new type of coronavirus (Kovid-19) epidemic in China and the inability of a new real estate company to pay bonds are among the factors that eroded the optimism in the stock markets.

While it is seen that the upward trend of the US 10-year bond yield is suppressed, it is currently at the level of 1.64% with a flat course. The ounce price of gold was stabilized at $ 1,803 after it rose above $ 1,800 again yesterday and tested $ 1,810. The price of Brent oil per barrel, on the other hand, continued its upward trend and reached its highest level since October 2018, with $85.8 yesterday. 18 rose. In the New York stock market, it is seen that index futures contracts continue to be buying-heavy. On the European side, although the concerns about the Kovid-19 outbreak continue to increase, the optimism about company profitability and the slight pullback in natural gas prices feed the risk appetite.

The energy ministers of the European Union member states will meet in Luxembourg. Along with the decisions to be made at the meeting, the effects on various commodity prices, especially natural gas, will be followed. While the value gained by 0.92 percent, the CAC 40 index in France depreciated by 0.31 percent. The euro/dollar parity is currently at the level of 1,1600 with a decrease of 0.1 percent compared to the previous close. Although the domestic product data increased by 0.3 percent in the third quarter, below the expectations, the forecasts that economic activities will increase in the fourth quarter in the country where the vaccination rate is high support the stock markets. While the Kospi index gained 0.84 percent in China, the Shanghai composite index decreased by 0.30 percent and the Hang Seng index in Hong Kong decreased by 0.28 percent.

Analysts stated that the data agenda is calm in the country today, while abroad, new home sales in the USA, consumer confidence index and Richmond Fed industrial index data will be followed. In terms of BIST 100 index, 1.510 points are resistance and 1.480 levels are support. Data to be followed in the markets today are as follows: 17.00 USA, new house sales in September17.00 USA, October consumer confidence index17.00 USA, October Richmond Fed industrial index

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