The war between Russia and Ukraine continues to be decisive on asset prices. Yesterday, the officials of the two countries met at Ukraine's Belarusian border, but there was no positive result from the meeting yet.
While Australia participated in the weapons aid to Ukraine from around the world, many companies decided to exit their investments in Russia.
Recalling that the attitude towards Russian companies on a global basis can be quite devastating, analysts noted that the news that Russia could be removed from the MSCI developing countries index also drew attention to this point.
On the other hand, while the Central Bank of Russia raised the policy rate from 9.5 percent to 20 percent yesterday, it announced that the Moscow stock market will remain closed throughout the week.
The dollar/ruble parity, on the other hand, saw its highest level of all time with 114 and closed the day at 107.8, increasing by 29 percent compared to the previous close. The pair started the new day at 105 levels.
By decree signed by Russian President Vladimir Putin, Russian citizens are prohibited from making foreign loans in foreign currency and depositing foreign currency in bank accounts abroad.
In the USA, White House Spokesperson Jen Psaki announced that the USA's establishment of a "no-fly zone" in Ukraine would mean entering into direct conflict with Russia and that they were not planning such a thing.
Analysts noted that the uncertainty in global markets continues to affect asset prices, adding that the demand for safe-haven assets is still high.
With these developments, the ounce price of gold, which rose by 1.15 percent yesterday, found buyers at $1.907 with a flat course in Asian markets today, while the price of Brent oil per barrel is trading at $ 98.5, 0.8 percent above the previous closing. The US 10-year bond yield, on the other hand, was stabilized at 1.86 percent after falling 13 basis points to 1.83 percent yesterday.
Yesterday, the S&P 500 index fell 0.24 percent and the Dow Jones index fell 0.49 percent in the New York stock market, while the Nasdaq index gained 0.41 percent. Index futures contracts in the USA are following a mixed course in the new day.
Due to the war between Russia and Ukraine in the European stock markets, sales-oriented trend continues. While European companies continue to decide to terminate their partnerships with Russian companies, Shell joined these companies last.
The European Central Bank (ECB), on the other hand, announced that some European subsidiaries of Sberbank, Russia's largest bank, are considered to be at or with a high probability of going bankrupt.
With these developments, the Euro/Dollar parity finds buyers at 1.1200, 0.1 percent below the previous close on the new day.
Yesterday, the DAX index in Germany decreased by 0.73 percent, the FTSE 100 index in the UK by 0.42 percent, the CAC 40 index in France and the FTSE MIB 30 index in Italy decreased by 1.39 percent. European indices also started futures trading with a sales-weighted course today.
On the Asian side, according to the data released today, the manufacturing PMI for the manufacturing industry (PMI) in Japan fell to 52.7, while the PMI for the manufacturing industry rose to 50.2 and the PMI for the services sector to 51.6 in China.
While the number of cases in the new type of coronavirus (Kovid-19) epidemic in the region differs regionally, Japan has started to gradually ease the border measures it has implemented due to the Kovid-19 outbreak.
China's liquidity injections and steps to support the economy continue to support the stock markets.
While the Nikkei 225 index in Japan increased by 1.2 percent and the Shanghai composite index in China increased by 0.3 percent, the Hang Seng index in Hong Kong decreased by 0.49 percent.
Domestically, the BIST 100 index fell 0.32 percent to 1,946.19 points yesterday. The dollar/TL, which completed the day at 13.8415 with an increase of 0.33 percent yesterday, is traded at 13.82 at the opening of the interbank market today.
President Recep Tayyip Erdoğan, who made a statement after the Cabinet Meeting at the Presidential Complex yesterday, said that we have decided to use the authority given to our country by the Montreux Convention regarding the ship traffic in the straits in a way to prevent the escalation of the crisis. As we have always said, we are in favor of respecting Ukraine's sovereignty, political unity and territorial integrity. "We consider Russia's attack on Ukrainian territory unacceptable, and we appreciate the struggle of the Ukrainian administration and people," he said.
Today, domestic and worldwide manufacturing industry PMI and abroad, Consumer Price Index (CPI) in Germany and ISM manufacturing index in the USA will be followed.
Analysts said that technically, 1.930 and 1.870 levels in the BIST 100 index are in the support position and 1.980 points are in the resistance position.
The data to be followed in the markets today are as follows:
10.00 Turkey, manufacturing industry PMI for February
11.55 Germany, February manufacturing PMI
12.00 UK manufacturing PMI for February
16.00 Germany, February CPI
17.45 US, February manufacturing PMI
18.00 US, January construction spending
18.00 US, February ISM manufacturing index
Comments
No comment yet.