While it was noteworthy that the S&P 500 index renewed its historical peak in the New York stock market yesterday, it was noteworthy that it closed to a record, and it was observed that the divergences based on shares and sectors increased due to the announced financial results.
The strong course of company shares, such as Tesla, Ford and Netflix, whose expectations for the future were revised upwards, were effective in the S&P 500 index reaching record levels.
In China, real estate giant Evergrande made a bond payment on the last day before default, giving the markets a sigh of relief for now.
While the expectations for the US Federal Reserve (Fed) to reduce asset purchases continue to increase the US bond rates, clues will continue to be sought in the statements of Fed Chairman Jerome Powell today.
Although the US 10-year bond yield reached its highest level since the week of May 10 with 1.70 percent yesterday, it is seen that this pricing is not reflected in the stock markets with the optimism stemming from the balance sheets for now.
With these developments, the S&P 500 index gained 0.30 percent and the Nasdaq index gained 0.62 percent in the New York stock market yesterday, while the Dow Jones index depreciated by 0.02 percent. Index futures contracts are seen to be mixed in the New York stock market today.
The barrel price of Brent oil carried the downward trend for the second day and decreased to $ 83.5, while the dollar index was at the level of 93.7.
On the European side, the energy crisis and supply problems remain at the center of the agenda. France announced that due to the record increases in fuel and natural gas prices, they will provide 100 euros in aid to those with a monthly net income below 2,000 euros and that they will fix their natural gas usage fees next year. At the ongoing European Union (EU) Leaders' Summit, the EU Commission was asked to examine the functioning of natural gas and electricity markets due to rising energy prices.
Yesterday, the FTSE 100 index lost 0.45 percent in the UK, the DAX 30 index lost 0.32 percent in Germany, the FTSE MIB 30 index lost 0.21 percent in Italy and the CAC 40 index lost 0.29 percent in France.
Euro/dollar parity is currently at 1.1630 levels with a horizontal movement compared to the previous close.
The increase in the number of cases in the new type of coronavirus (Kovid-19) epidemic in Asia, company balance sheets and Evergrande's debt problem, as well as the volatility in raw material prices, occupy the agenda.
According to data released today in Japan, the annual change in the Consumer Price Index (CPI) was positive for the first time since August 2020, while core inflation increased for the first time since March 2020. In Japan, the CPI increased by 0.2 percent annually in September, and the core CPI increased by 0.1 percent in the same period. In addition, the manufacturing industry PMI rose to 53.0 and the service industry PMI to 50.7 in the country.
With these developments, the Nikkei 225 index increased by 0.20 percent in Japan, close to the closing, while the Shanghai composite index increased by 0.2 percent in China, the Hang Seng index in Hong Kong by 0.1 percent and the Kospi index in South Korea by 0.2 percent. lost.
Domestically, the Central Bank of the Republic of Turkey (CBRT) reduced the one-week repo rate, which is the policy rate, by 200 basis points to 16 percent.
After the decision, the BIST 100 index in Borsa Istanbul closed the day at 1,455.42 points with an increase of 1.58 percent, thus making its highest closing since September 6.
Analysts stated that today, on a global basis, the manufacturing industry and service sector PMI data and the statements of Fed officials, especially Powell, will be followed.
Stating that the company's financial results, which continue to be announced, may cause share and sector-based divergences, analysts stated that technically, 1.490 points in the BIST 100 index are in the position of resistance and the level of 1.440 is in the support position.
The data to be followed in the markets today are as follows:
10.30 Germany, October manufacturing and service sector PMI
11.00 Eurozone, October manufacturing and services PMI
11.30 UK, October manufacturing and services PMI
14.30 Turkey, October Financial Services Confidence Index
16.45 US, October manufacturing and services PMI
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