While the global markets followed a mixed course with the hawkish stance of the US Federal Reserve (Fed) and the new type of coronavirus (Kovid-19) cases that reached record levels worldwide, this week the eyes will be announced in the USA by Fed Chairman Jerome Powell's statements and on Wednesday. It has been turned into an intensive data calendar, especially the Price Index (CPI).
The factors that affect pricing in global share markets are increasing day by day.
While the Fed announced in the meeting minutes published last week that it may increase interest rates faster and earlier than expected, the question marks about whether it will shrink its balance sheet in this period make pricing difficult.
On the other hand, while macroeconomic data announced in the USA continues to support inflation, the CPI data to be announced on Wednesday is expected to increase the volatility in asset prices.
Expectations that the Fed will raise interest rates for the first time in March are also increasing. According to the pricing in the bond markets, the Fed is expected to increase the policy rate to 1 percent at the end of the year, while it is estimated that the first interest rate hike will be in March with a 90% probability.
With these developments, the US 10-year bond yield was stabilized at 1.77 percent after rising to 1.80 percent, the highest level since January 2021.
On Friday, while the selling trend continued in the New York stock market, the S&P 500 index lost 0.41 percent, the Nasdaq index fell 0.96 percent and the Dow Jones index lost 0.01 percent. At the opening of the new week, index futures contracts in the USA are watching with buyers.
Equity markets in Europe maintained their buying-heavy course despite the faltering Fed in the USA last week, while the CAC 40 index broke a weekly closing record in France.
On Friday, the FTSE 100 index gained 0.47 percent in the UK, the DAX index in Germany decreased by 0.65 percent, the CAC 40 index in France by 0.42 percent and the FTSE MIB 30 index in Italy decreased by 0.13 percent. . European indices are positive in futures today.
Despite the increasing number of cases in the Kovid-19 epidemic in Asia, the markets started the week with a mixed course, while technology shares, which led the decline last week, are among the sectors that gained value at the opening of the new week.
With these developments, Shanghai composite index gained 0.24 percent in China and Hang Seng index gained 0.67 percent in Hong Kong, while Kospi index in South Korea decreased by 0.97 percent. In Japan, there were no transactions in the markets due to the public holiday.
Domestically, the BIST 100 index, which gained 1.28 percent value on Friday, carried its upward trend for the fifth day in a row and closed the week at 2,033.32 points. Dollar/TL, on the other hand, is trading at 13.81 at the opening of the interbank market today, after closing at 13,7750 with a decrease of 0.45 percent on Friday.
Today, labor force statistics in the country, consumer confidence index and unemployment rate in the Euro Area abroad and wholesale stocks in the USA will be followed.
Analysts said that technically, 2.050 levels in the BIST 100 index are in the resistance position, and the 1.960 and 1.930 levels are in the support position.
The data to be followed in the markets today are as follows:
10.00 Turkey, November workforce statistics
12.30 Eurozone, January consumer confidence index
13.00 Euro Zone, unemployment rate in November
18.00 US, November wholesale stocks
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