While the Consumer Price Index (CPI), which was announced yesterday in the USA, increased by 0.3 percent monthly and 5.3 percent annually, in line with expectations, the expectation that a peak in inflation may have been seen partially reduced the risk factors in the markets.
Although some companies in the USA announced that they would buy back shares, the New York stock market followed a sales-heavy course yesterday, and the concern that the effects of the Kovid-19 outbreak on the economic recovery might be deeper than expected was decisive in this course.
On the other hand, with the Republicans in the USA declaring that they are against raising the debt ceiling, the developments regarding the 3.5 trillion investment plan and corporate tax remain on the agenda.
With these developments, yesterday, the S&P 500 index lost 0.57 percent, the Dow Jones index fell 0.84 percent and the Nasdaq index lost 0.45 percent. US index futures contracts, on the other hand, started the new day with limited buyers.
In the European stock markets, a mixed course is observed in the stock markets before the European Central Bank (ECB) President Christine Lagarde's speech tomorrow.
Analysts noted that Lagarde is expected to give verbal guidance on the decisions taken at the ECB's last monetary policy meeting in his speech tomorrow. While there was no change in the asset purchase size at the last meeting of the ECB, it was noted that the pace could be slowed.
However, increases in energy prices continue to increase costs in Europe, causing political debate and disagreements in the region aimed at reducing carbon emissions.
According to the data released today, inflation in the UK increased by 0.7 percent monthly and 3.2 percent annually, exceeding expectations.
While DAX index gained 0.14 percent in Germany yesterday, FTSE 100 index lost 0.49 percent in England, CAC 40 index decreased 0.36 percent in France and MIB 30 index lost 0.41 percent in Italy. European stock markets started the new day with a mixed movement in futures transactions.
After starting the day with a horizontal movement, the euro/dollar parity is trading at 1.1804, just above the previous close.
While it is seen that the Asian stock markets are dominated by a sales-oriented course today, considering the macroeconomic data announced in China and Japan, it is feared that the restrictions implemented due to the Kovid-19 outbreak may have damaged the economies more than expected.
According to the data released today, although core machinery orders in Japan increased by 11.1 percent, retail sales in China increased by 2.5 percent and industrial production increased by 5.3 percent, all three data failed to meet the expectations.
On the other hand, the expectation that the People's Bank of China (PBoC) may take steps to support the economy limits the downward pressure in the stock markets.
Analysts noted that the PBoC can relax the liquidity channels and even use the option of interest rate cuts to mitigate the effects of the Kovid-19 outbreak.
With these developments, Shanghai composite index decreased by 0.33 percent in China, Nikei 225 index decreased by 0.48 percent in Japan and Hang Seng index decreased by 1.48 percent in Hong Kong, while Kospi index decreased by 0.25 percent in South Korea. gained value.
While the Treasury cash balance is on today's data agenda, the Central Bank of the Republic of Turkey (CBRT) increased the required reserve ratios for foreign currency liabilities and precious metal deposit accounts by 200 basis points in all maturity brackets.
BIST 100 index in Borsa Istanbul, which followed a sales-weighted course in line with the global stock markets yesterday, closed the day at 1,434.43 points, 0.27 percent below the previous close.
Dollar/TL, on the other hand, is traded at 8,4440 at the opening of the interbank market, after rising to 8,4422 with a 0.15% appreciation yesterday.
Analysts stated that the New York Fed industrial index, industrial production and capacity utilization rate data will be followed in the USA today, and said that technically, 1.420 points in the BIST 100 index are support and 1.440 and 1455 levels are resistance.
The data to be followed in the markets today are as follows:
11.00 Turkey, August Treasury cash balance
12.00 Euro Zone, industrial production in July
15.30 US, September New York Fed manufacturing index
16.15 USA, august industrial production and capacity utilization
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