Eyes in the global markets under the shadow of tariff restorations at Powell – Cyprus Newspaper

While new developments in the tariff tension between the US and China have increased risk perception in global markets, which tend to recover, the eyes have been translated into the speech of Jerome Powell, President of the US Federal Reserve (FED) President.

The trading war based on tariffs between the two largest economies in the world continues to be the main agenda globally. In the tariff policies that turn into restraining with mutual steps, each new news flow has an impact on the direction of the markets, while the concerns that new crises can start.

Global chip manufacturer Nvidia announced that the US has imposed new restrictions on some chip exports to China. In a notification to the US Securities and Stock Exchange Commission (SEC) by the Company, the US government’s H20 integrated circuits were required to license for the shipment of China and to other countries. The statement also reported that new export restrictions expect to cost $ 5.5 billion.

While the development in question fueled fears that trade wars would deepen, it led to an increase in orientation to safe port assets. For a while, the price of ounce of gold by breaking records for a while, renewed the record after the developments.

« I will not reveal President Trump’s negotiation strategy »

In addition to these developments, US Treasury Minister Scott Bessent said in a special interview yesterday, orum I think we can get a significant clarity about 14 countries other than China in terms of agreements in principle. ” he said.

Stating that there has not been an agreement with China yet, but more than 145 percent of customs duties may not be concerned, Bessent said, “I think no one thinks that they are sustainable in the long run. However, I will not reveal President Trump’s negotiation strategy,” he said.

Bessent said that there is no risk of using China’s powerful treasury bonds to use to use the US to use economic damage to the US.

White House spokesman Karoline Leavitt, yesterday, President Trump is open to the customs and trade agreement with China, said: « The ball is now in China’s field. China needs to make an agreement with us, we do not have to make an agreement with them. » he said.

Leavitt said that negotiations on trade agreements with many countries that do not retaliate to the USA, said they would soon announce some agreements.

Eyes Fed President at Powell

On the other hand, while maintaining the existence of question marks on the possible negative effects of tariffs on global growth and inflation, the Fed President Powell will be sought about the projections of the bank without speech.

Analysts, the money markets in the bank’s interest rate cuts throughout the year is still 4, but these estimates have lost power, he said.

On the macroeconomic data side, the manufacturing index announced by the Fed New York branch was above the market expectations with minus 8.1 in April.

However, the financial results of large banks were also followed. Bank of America and Citigroup’s net profits increased by 10.8 percent and 21 percent in the first quarter of this year, respectively. The financial results of Bank of America, who came out of expectations, won 3.60 percent of the shares of America and Citigroup’s shares gained 1.76 percent.

Gold continues to break a record

After the news stream, Boeing shares lost 2.36 percent after the news stream that China has been instructed not to take Boeing jets to the airline companies in the country.

In the light of these developments, the US 10 -year bond interest rate decreased to 4.33 percent, yesterday, the price of gold completed from $ 3 thousand 230 dollars, the impact of the developments in the new day broke the record with 3 thousand 292 dollars. The price of ounce of gold is traded at 3 thousand 289 dollars in the following minutes.

The dollar index decreased by 0.3 percent at 99.7. Brent oil is also traded for $ 63.5 with a decrease of 1.4 percent.

Yesterday at the New York Stock Exchange, the S&P 500 index was 0.17 percent, the NASDAQ index was 0.05 percent and the Dow Jones index depreciated by 0.38 percent. Index futures contracts in the United States started the new day with a negative course.

Eyes in Europe inflation data

European stock exchanges Trump may be flexible in tariffs, alleviating the perception of risk in the markets, while inflation data to be announced in the Euro Region today is the focus of investors.

Analysts stated that the recent effects of climbing tariff tensions in the world will be monitored in the European economy and that investors have been waiting for the decisions of monetary policies of the European Central Bank (ECB) to be announced tomorrow.

Stagnation concerns in economic activity, inflation tendency in the region will be effective in the reasons due to the reasons for the ECB’s decisions will be effective in the analysts, the money markets in the prices of the bank to go to interest in interest tomorrow.

Yesterday, the FTSE 100 index in the UK 1.41 percent, DAX 40 percent in Germany, 1.43 percent, CAC 40 index in France 0.86 percent and the FTSE MIB 30 index in Italy rose by 2.39 percent. Index futures contracts in Europe started the new day with a mixed course.

Chip restrictions were negatively reflected in the Asian stock exchanges

The restorations between Beijing and Washington in the Asian stock exchanges, the new restrictions imposed by the United States for chip exports and signals from macroeconomic data stand out.

In the first quarter of China, 5.4 percent of the expectations, despite the growth, the US administration’s tariff decisions and export restrictions after the uncertainties of the future increased.

Chinese President Shi Cinping visits to Southeast Asian countries, the most important trade partners of his country. In this context, Shi, 3 countries in the tour of Malaysia visited Malaysia after Vietnam.

On the other hand, Kazuo Ueda, President of the Central Bank of Japan (Boj), said that if the US tariffs damage the Japan economy, the bank may have to take a policy action.

In macroeconomic data, the Chinese economy grew above expectations with 1.2 percent compared to the previous quarter in the first quarter of the year. Industrial production in the country, on the other hand, increased by 7.7 percent annually in March and exceeded the predictions.

Japan, in February, nuclear machine orders per month 4.3 percent, 1.5 percent annually increased by increasing the estimates.

With these developments, the Nikkei 225 Index in Japan is 0.86 percent, the KOSPİ index in South Korea is 0.75 percent, the Hang Seng index in Hong Kong 2.53 percent and the Shanghai compound index in China fell 0.9 percent.

Borsa İstanbul watched with sellers

BIST 100 index, which followed a sales -weighted course yesterday, lost 0.32 percent of the BIST 100 index by 9.393.79 points. Borsa Istanbul futures and Options Market (VIOP) BIST 30 index -based April futures contract yesterday evening session lost about 0.1 percent compared to the closing of the normal session to 10.381.00 points to 10.381.00 points.

Dollar/TL, yesterday with an increase of 0.1 percent of 38,0840, today, today at the opening of the interbank market, the previous closing of 0.1 percent is traded at the level of 38,1140.

Analysts today, housing sales statistics in Turkey, the FED President Powell’s statements abroad, inflation in the Euro region and the UK, industrial production will come to the forefront, technical BIST 100 index 9.300 and 9,200 level support, 9.500 and 9.600 points are resistant.

The data to be followed in the markets today is as follows:

09.00 UK, March Consumer Price Index

10.00 Türkiye, MARCH HOUSING SALES STATISTICS

11.00 euro region, February Current Transactions Balance

11.30 UK, February annual housing price index

12.00 euro region, March consumer price index

14.00 USA, weekly mortgage applications

15.30 USA, March retail sales

16.15 USA, March capacity usage rate

16.15 USA, March Industrial Production

20.15 USA, Fed President Powell’s speech