While the new type of coronavirus (Kovid-19) epidemic around the world threatened the economic recovery, yesterday, the retail sales data exceeded expectations in the USA and the increase in stocks partially relieved the markets.
On the other hand, the tension that continues to rise over the debt ceiling in the USA continues to gain weight as a risk factor in the stock markets.
President of the European Central Bank (ECB), Christine Lagarde, yesterday, while making statements that the bank's supportive stance will continue, once again expressed the need for countries to provide financial support for the economic recovery.
While a mixed course was followed in the New York stock market yesterday, the S&P 500 index lost 0.18 percent and the Dow Jones index lost 0.16 percent. The Nasdaq index rose 0.13 percent. While the New York stock market is starting the new day with a limited buyout in futures, there is a risk of increased volatility due to expiry in index options and futures contracts.
In the European stock markets, the Eurozone's inflation data for August, which will be announced today, are in the focus of investors.
Analysts stated that the fact that Lagarde's verbal guidance at the meeting he held yesterday relieved investors, albeit partially.
Stating that the volatility in asset prices increased after the news in the European press that the ECB would raise interest rates in 2023, analysts reminded that the ECB denied the issue in the evening.
With these developments, DAX index gained 0.23 percent in Germany, FTSE 100 index gained 0.16 percent in England, CAC 40 index gained 0.59 percent in France and MIB 30 index gained 0.78 percent in Italy yesterday. European stock markets started the new day with a buying weighted course in futures.
After starting the day with a horizontal movement, the euro/dollar parity is trading at 1.1770, just above the previous close.
While Asian stock markets started the day with an increase except for China, the ongoing regulatory steps in China and the increasing reactions to Evergrande are the factors that reduce the risk appetite.
With these developments, Shanghai composite index depreciated by 0.2 percent in China, while the Nikei 225 index was 0.57 percent in Japan, the Hang Seng index was 0.25 percent in Hong Kong, and the Kospi index in South Korea was 0.16 percent. gained value.
While the market participants survey of the Central Bank of the Republic of Turkey (CBRT) is on the domestic data agenda today, the BIST 100 index in Borsa Istanbul, which diverged negatively from the global stock markets yesterday, carried the downward trend for the fifth trading day in a row. He finished at 1,418.03 points under 42.
Dollar/TL, on the other hand, is trading at the level of 8.5350 at the opening of the interbank market today, after increasing 1.2 percent to 8,5354 yesterday.
Analysts stated that today the Consumer Price Index (CPI) in the Euro Zone and the University of Michigan Consumer Confidence Index in the USA will be followed, and said that technically, the level of 1,390 in the BIST 100 index is in the position of support, and the level of 1.430 points is in the position of resistance.
The data to be followed in the markets today are as follows:
10.00 Turkey, September market participants survey
12.00 Euro Zone, August CPI
17.00 USA, September University of Michigan Consumer Confidence Index
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