With the theme of high inflation and low growth in the world's leading economies, the actions and verbal guidance of central banks continue to be decisive in terms of investor pricing.
In this context, although the statements of the US Federal Reserve (Fed) officials mainly point to a 75 basis point increase in interest rates, the fact that the minutes of the last meeting of the bank left the door open for a 50 basis point increase increases the uncertainties. In the markets, the probability that the bank will increase interest rates by 75 basis points in September is priced at 58.5 percent.
While the aforementioned developments dominate the markets in the USA, the rising energy crisis in Europe and the growing concerns about the recession in Germany, the largest economy in the region, the growing uneasiness regarding the Chinese economy in Asia, cause the global risk appetite to remain low.
The data to be followed in the markets today are as follows:
10.00 Turkey, August Consumer Confidence Index
10.30 Germany, August manufacturing and service sector PMI
11.00 Eurozone, August manufacturing and services PMI
11.30 UK, August manufacturing and services PMI
16.45 US, August manufacturing and services PMI
17.00 USA, new home sales in July
17.00 US, August Richmond Fed manufacturing index
17.00 Eurozone, August consumer confidence index
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