The increasing number of cases in the Kovid-19 epidemic brought the tightening of the measures, albeit regional, to the agenda. Yesterday, the European Union (EU) removed 6 countries, including the USA, from the list of countries that can be exempted from the applied travel restrictions.
On the other hand, oil prices, which continue to rise with the effect of Hurricane Ida in the EU, increase the share and sector-based differentiations in the stock markets. The barrel price of Brent oil has stabilized just under $72 in Asian markets today, after seeing its highest level in nearly a month at $72.4 yesterday.
According to the data released yesterday, while the pending home sales index in the USA decreased by 1.8 percent on a monthly basis in July, contrary to market expectations, rising energy costs in Germany led the Consumer Price Index (CPI) to 3.4 percent in August, compared to 2008. reached its highest level since. The economic confidence index in the Eurozone, on the other hand, dropped for the first time this year.
With these developments, a mixed course was observed in the New York stock market yesterday. While the Dow Jones index fell 0.16 percent, the S&P 500 index rose 0.43 percent and the Nasdaq index rose 0.90 percent, breaking new records.
In the European stock markets, on the other hand, it was noteworthy that the upward trend was preserved, albeit limited. DAX 30 index increased by 0.22 percent in Germany and CAC 40 index increased by 0.08 percent in France. Due to the public holiday, there were no transactions in the UK stock markets yesterday.
The euro/dollar parity, on the other hand, carried its upward trend in the previous week to the new week. After closing at 1.18 yesterday, the pair reached its highest level since 6 August with 1.1826 today.
According to the data released in Asia today, industrial production in Japan fell by 1.5 percent in July, while the Manufacturing Industry Purchasing Managers Index (PMI) in China fell to 50.1 in August, below expectations. In China, the service sector PMI fell to 47.5, measuring below 50 for the first time since February 2020.
With these developments, Shanghai composite index decreased by 0.2 percent in China and Hang Seng index decreased by 0.4 percent in Hong Kong, while Nikkei 225 index in Japan gained 1.3 percent and Kospi index in South Korea gained 1.2 percent.
Domestic markets, which were closed yesterday due to the August 30 Victory Day, are expected to start the day with the pressure of oil prices, which are in an upward trend today. BIST 100 index closed at 1,458.23 points, gaining 0.94 percent value compared to the previous week due to the remarkable money inflow last week.
The dollar/TL, which lost nearly 2 percent in value last week, is trading at 8.3630 at the opening of the interbank market today, after closing at 8.3799 with an increase of 0.3 percent in the international market yesterday.
Analysts reported that on this week's domestic data agenda, growth and manufacturing PMI on Wednesday and inflation on Friday came to the fore.
Stating that foreign trade statistics in the country, inflation in the Eurozone and consumer confidence index data in the USA will be followed today, analysts noted that technically, 1.470 and 1.490 levels in the BIST 100 index are resistance and 1.440 points are support.
The data to be followed in the markets today are as follows:
10.00 Turkey, foreign trade statistics for July
10.55 Germany, unemployment rate in august
12.00 Euro zone, August CPI
17.00 US, August consumer confidence index
Comments
No comment yet.