While uncertainty in global markets increased with the addition of the inadequacy in energy supply to the problems in the supply chain, today the eyes were turned to the speech of the US Federal Reserve Chairman Jerome Powell to the Senate Banking Committee.
While a new one is added to the supply chain disruptions around the world every day, the Chinese government has ordered factories in some regions to reduce their electricity use, after the concern that electricity supply in China will not meet the demand.
While the price of Brent oil per barrel continued its upward trend due to the negativities on the supply side, it rose to its highest level since October 2018 at $79.5.
The 10-year bond yield of the USA, which carried its upward trend for the fourth day in a row with increasing inflation concerns, also rose above 1.50 percent for the first time since 28 June.
While the Senate in the US did not approve of raising or removing the debt ceiling, US Treasury Secretary Janet Yellen stated that it is imperative that Congress quickly address the debt limit, otherwise the US will default for the first time.
Today, Yellen and Powell's speeches in the Senate are expected to have an impact on the direction of the markets.
While the New York stock market followed a mixed course yesterday, the S&P 500 index lost 0.28 percent, the Nasdaq index lost 0.52 percent, and the Dow Jones index rose 0.21 percent. Index futures contracts in the New York stock market started the new day with a mixed course.
Natural gas prices continue to break records in Europe, while in the UK the army is on standby to avoid possible backlogs at gas stations.
The European Central Bank (ECB) President Christine Lagarde once again reiterated that the bank will maintain its supportive stance in her statements yesterday.
Lagarde stated that the growth outlook remains uncertain and remains dependent on the developments in the new type of coronavirus (Kovid-19) epidemic. Lagarde, who stated that they think that the increase in inflation will continue in the autumn, but that it is temporary, is expected to continue to give clues about the future of monetary policy in his speech today.
While European stock markets followed a buying-heavy course, albeit limited, the FTSE 100 index was 0.17 percent in the UK, the DAX index was 0.27 percent in Germany, the CAC 40 index was 0.19 percent in France and the MIB 30 index in Italy. The index gained 0.63 percent. In futures, index contracts are still following a buying-heavy course.
The euro/dollar parity is trading at 1.1705, close to the previous close.
While the process regarding the Chinese real estate development company Evergrande continues to be priced as a risk factor in Asia, it is stated that the increasing problems in energy supply may decrease with the 1-week public holiday that will start next week.
According to the data released today, the profitability of the industrial sector in China decreased to 10.1 percent in August.
With these developments, Shanghai composite index increased by 0.53 percent in China and Hang Seng index increased by 1.46 percent in Hong Kong, while Nikei 225 index increased by 0.32 percent in Japan and Kospi index increased by 1.08 percent in South Korea. lost.
BIST 100 index in Borsa Istanbul, which followed a buying course yesterday, closed the day at 1,391.74 points, 0.51 percent above the previous closing.
Dollar/TL, on the other hand, is trading at the level of 8,8240 at the opening of the interbank market today, after falling by 0.69 percent to 8,8225 yesterday.
Analysts stated that, in addition to the speeches of Powell and Lagarde, the US wholesale stocks and Richmond Fed Industrial Index data will be followed today, and said that technically, 1,370 and 1.340 levels in the BIST 100 index became support and 1.420 points became resistance.
The data to be followed in the markets today are as follows:
15.30 US, august wholesale stocks
17.00 US, September Richmond Fed Industrial Index
17.00 US, September consumer confidence index
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