Global markets are looking for direction with tariff uncertainties – Cyprus Newspaper

In global markets, rhetoric and uncertainties for tariffs made it difficult to pricing assets, while the eyes have been turned to the number of open jobs in the United States to be announced in the United States today.

While the uncertainties created by the US administration’s protectionist attitude make it difficult for the company and economic authorities to create future projections, the risk of the tariff rate that will increase in steel products to adversely affects the manufacturing industry activity in the country.

Analysts said the view that tariffs may increase inflationary pressures and adversely affect growth is the main risk in the US economy.

The manufacturing industry purchasing managers index (PMI) data announced yesterday attracted attention in manufacturing activity, while the existing tariffs in the coming period, as well as steel tariffs, can continue to weaken in manufacturing industry activity.

On the other hand, employment data, which is one of the important indicators of growth, is on the agenda of investors. Today, Jolts will start with the number of open jobs and the employment data to be announced during the week are the focus of investors.

Stating that the weakening employment market may increase recession concerns, analysts said that if the data set to be announced this week points to a cooling of the expected cooling in the labor market, the US Federal Bank (Fed) said that prices may change.

FED officials are hopeful about fighting inflation

The statements of the FED officials are also closely monitored by investors. Christopher Waller, a member of the FED Board of Directors, said that trade barriers can increase prices in the short term, but inflation may not continue as stubborn as it was in the early 2020s.

Chicago Fed President Austan Goolsbee said that interest rate cuts will continue if the uncertainties related to trade policy are resolved.

Index futures contracts in the USA are negative

With these developments, the NASDAQ index on the New York Stock Exchange yesterday increased by 0.67 percent, the Dow Jones index 0.08 percent and the S&P 500 index rose by 0.41 percent. Index futures contracts in the United States started the new day with a negative course.

Uncertainties for the US government’s borrowing strategy lead to an increase in bond returns. While a sales -weighted course was followed in the bond markets yesterday, the US 10 -year bond interest rate rose to 4.46 percent. The US 10 -year bond interest rate is currently 4.44 percent.

The dollar index is 98.9 with a rise of 0.3 percent to the new day, while the price of Brent oil decreased by 0.4 percent and finds buyers for $ 64.7.

With the increase in the risk perception of the news flow on the tariffs front, the price of ounce of gold increased by 2.8 percent yesterday and closed for $ 3 thousand 381. Ones Gold, which started with a decline in the new day, is traded for 3 thousand 363 dollars.

Consumer inflation in the euro region is the focus of investors

In European stock exchanges yesterday, the US steel tariffs increased and bad manufacturing industry PMI data after a negative course except England was watched.

Before the interest rate decision of the European Central Bank (ECB) to be announced on Thursday, the eyes turned to inflation data in the Euro Region.

The signals to be taken from the inflation data to be announced in the region are expected to provide more information about the economic course, while the money markets are considered to be a 25 -base interest rate reduction.

Yesterday, DAX 40 in Germany lost 0.28 percent, the FTSE MIB 30 index in Italy was 0.26 percent and the CAC 40 index in France lost 0.19 percent. The FTSE 100 index in the UK was horizontal. Index futures contracts in Europe also started the new day positively.

Eyes in Asia in the presidential election in South Korea

On the Asian side, a trading agreement between the United States and China was violated with the impact of the increase in the tension in the Asian stock exchanges, the eyes were followed, the eyes were turned into a presidential election in South Korea today.

After the dismissal of former President Yoon Suk Yeol in South Korea, the presidential elections, which will determine the new president of the state, are held today, while the transactions in the markets do not take place in the market.

On the other hand, according to the data announced today, Caixin manufacturing industry PMI for May in China came below the expectations with 48.3, while the data pointed to weakening in the manufacturing industry. The index was over 50, the threshold value last month.

Analysts said that tariffs negatively affect the manufacturing activity in the country and said that the recovery can be monitored if the trade consensus continues in the future and the normalization of commercial relations.

With these developments, the Nikkei 225 index in Japan, close to closing, increased by 0.1 percent, Shanghai compound index in China 0.5 percent and Hang Seng index increased by 1.1 percent in Hong Kong.

Inflation data for May are expected in Turkey

BIST 100 index in Borsa Istanbul, which followed a sales -weighted course yesterday, lost 0.12 percent of the day and completed the day at 9.008.87 points. Borsa Istanbul Futures and Option Market (VIOP) BIST 30 index -based contract on the June -term contract yesterday evening session of the normal session closing 0.2 percent of 10.296.00 points were traded.

Today, May inflation data, which will be announced in Turkey, are at the focus of investors. Economists participating in the AA Finance Inflation Expectation Survey estimates that the Consumer Price Index (CPI) increased by 2.10 percent in May.

According to the average of May inflation expectations (2.10 percent), the previous month, 37.86 percent of the annual inflation will decrease to 36.17 percent of economists, the end of 2025 inflation expectation was 31.17 percent as of May.

Dollar/TL, yesterday, closed at 39,1920 yesterday, today, today at the opening of the interbank market, just below the previous closing is traded at 39,1830.

Analysts, today and abroad, the data agenda is intense, stating that the technical aspects of the BIST 100 index 9,000 and 8,900 levels support, 9.100 and 9.200 points are resistant, he said.

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

10.00 Türkiye, May Consumer Price Index (CPI)

10.00 Türkiye, May Domestic Producer Price Index

12.00 euro region, May Consumer Price Index

12.00 euro region, April unemployment rate

17.00 USA, April Factory Orders

17.00 USA, Durable goods orders for April

17.00 USA, April Jolts Open Works Number

Markets will be closed due to the presidential election in South Korea