While the USA Food and Drug Administration's (FDA) approval of Pfizer and BioNTech for full use of the Kovid-19 vaccine for those aged 16 and over and the expectation that the supportive monetary policy will continue for a while due to the latest macroeconomic data, the expectation that the supportive monetary policy will continue for a while increases the risk appetite on a global scale. question marks about recovery make pricing difficult.
While the speech of USA Federal Reserve (Fed) Chairman Jerome Powell on Friday at the Jackson Hole Economic Policy Symposium, which will start tomorrow, maintains its place in the focus of the markets, in the vote held in the USA House of Representatives yesterday, US President Joe Biden's economic agenda is an important part of it. The $3.5 trillion budget plan has been approved.
Speaker of the House of Representatives Nancy Pelosi said they will work with the Senate to determine the details of the $3.5 trillion budget. The $3.5 trillion budget plan, which is the second phase of Biden's economic plan, includes investments in social security programs and climate policy.
On the other hand, it was seen that the new house sales announced in the USA yesterday increased by 1 percent in July, but remained below the expectations. After the data, a positive trend was observed in the New York stock market.
Dow Jones index gained 0.09 percent, S&P 500 index gained 0.15 percent and Nasdaq index gained 0.52 percent, thus S&P 500 and Nasdaq indices broke closing records.
On the European side, the growth data announced yesterday in Germany were followed. The German economy grew by 1.6 percent in the second quarter of this year compared to the previous quarter, and by 9.4 percent compared to the second quarter of last year, as the relaxation of epidemic restrictions affected household consumption and public expenditures continued.
After the data, the DAX 30 index gained 0.33 percent in Germany and the FTSE 100 index gained 0.24 percent in the UK, while the CAC 40 index in France decreased by 0.28 percent and the FTSE MIB 30 index in Italy decreased by 0.07 percent. .
Euro/dollar parity, on the other hand, carried its upward trend for the third consecutive trading day and closed the day at 1.1758.
A mixed trend is observed in Asian stock markets today. Although the leading index announced in Japan rose to 104.1 from 102.6, the Nikkei 225 index stabilized just below the previous closing level, while the Shanghai composite index in China and Kospi index in South Korea increased by 0.4 percent. won.
The ounce price of gold, which tested $ 1,810 yesterday, decreased to $ 1,791 with the continuation of the sales, which increased its effect at this level, in the Asian markets today. The barrel price of bent oil is traded at $ 70.2 with a decrease of 0.5 percent today, after an increase of 3.4 percent yesterday.
Domestically, the BIST 100 index, which continued its upward trend yesterday, gained 0.45 percent and closed the day at 1,465.89 points. The dollar/TL, which lost 0.2 percent yesterday and closed at 8,4103, is trading at 8,4190 at the opening of the interbank market today.
Analysts stated that today the capacity utilization rate and real sector confidence index in the country, Ifo indices in Germany and durable goods orders in the USA will be followed today, technically, 1.470 and 1.490 levels in the BIST 100 index stand out as resistance and 1.440 points as support. recorded out.
The data to be followed in the markets today are as follows:
10.00 Turkey, August Real Sector Confidence Index
10.00 Turkey, August manufacturing industry capacity utilization rate
10.00 Turkey, August sectoral confidence indices
11.00 Germany, August Ifo Business Confidence Index
15.30 US durable goods orders for July
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