Russian President Vladimir Putin signed a decree recognizing the so-called rule of pro-Russian separatists in eastern Ukraine. While the USA strongly condemned this decision of Russia, it banned all commercial and financial relations between the so-called Donetsk and Lugansk People's Republics and US individuals and institutions.
The United Nations (UN) Security Council, which convened urgently last night, also stated that the point reached between Ukraine and Russia is extremely dangerous and that developments that carry the risk of great conflict should be prevented at all costs.
President of Ukraine Volodymyr Zelenskiy stated that Russia is responsible for the consequences of the decisions taken, while the Ministry of Foreign Affairs of the Republic of Turkey said, "We find Russia's decision unacceptable and we reject it." made the statement.
While commodity prices, especially wheat, oil and gold, increased due to increasing geopolitical risks after the developments, it was observed that the new day started with a sharp decline in Asian stock markets and US and European index futures. The barrel price of Brent oil tested the highest level of a week with $ 95.1, while the price of ounce of gold saw an 8-month high at $ 1,914. Russia's RTS index closed the day at 1,207.5%, down 13.2 percent after hitting its lowest level since November 2020 yesterday. Dollar/Russian ruble parity also decreased to 79.9 after seeing its highest level in 15 months with 80.5.
With these developments, it is seen that the new day started with a decrease of almost 2 percent in the index futures contracts of the USA on the New Yok stock market, which was not traded yesterday due to the holiday. While the dollar index was at 96.2 levels with an increase of 0.2 percent, the US 10-year bond yield continued its decline, which was observed for about a week, and fell to 1.86 percent.
While it is seen that political statements accelerate with the increasing geopolitical risks in Europe, concerns about the possible sanctions of Western countries on Russia and the effects of a new cut in energy supply on the economies are priced in the stock markets. With these developments, the FTSE 100 index lost 0.39 percent in the UK, the DAX 30 index lost 2.07 percent in Germany, and the CAC 40 index in France lost 2.04 percent, while the losses in the index futures contracts increased by 2 percent on average on the new trading day. exceeded. The euro/dollar parity, which moved sideways yesterday, is trying to hold on to the 1.13 border today.
On the Asian side, it is seen that the new day started with a sales-weighted course, while the Shanghai composite index in China, close to the close, decreased by 1.2 percent, the Nikkei 225 index in Japan was 1.7 percent and the Hang Seng index in Hong Kong was 3.1 percent.
The BIST 100 index, which started to rise with the purchases that increased its impact especially towards the end of the day yesterday, closed the day at 2,038.06 points with an increase of 0.28 percent. Dollar/TL, on the other hand, continues its horizontal movement, which has been observed for a while, and is traded at 13,6530 at the opening of the interbank market, after closing at 13,6760 with an increase of 0.1 percent yesterday.
Analysts stated that the global risk appetite has decreased with the increasing concerns about whether the 3 will turn into a military conflict, and said that individual investors should not act with panic and remain calm in this period when volatility is expected to continue.
Analysts stated that today, an intense data agenda will be followed, particularly the real sector confidence index and manufacturing industry capacity utilization rate in the country, the Ifo business environment confidence index in Germany and the Purchasing Managers Index (PMI) of the manufacturing industry and services sector in the USA. Technically, he reported that 1.990 points in the BIST 100 index are in the support position and the 2.090 level is in the resistance position.
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