Global markets are positive – Cyprus Newspaper
Positive developments in the US trade negotiations increase the risk appetite of investors, while global markets are following a positive course after the US Central Bank (FED) monetary policy decision.
While the tariff steps of the United States continue to be one of the most important sources of uncertainty for world economies, the impact of tariffs on macroeconomic indicators in the medium and long term makes the predictions of global economic actors and central banks, especially the FED.
After the two-day Federal Open Market Committee (FOMC) meeting, the FED kept its policy interest rate at the range of 4.25-4.50 percent within the expectations. In a statement made by the bank, the uncertainties related to the economic appearance increased further, higher unemployment and higher inflation risks increased in the opinion that the opinion was reported.
The statement said that the unemployment rate has gained a low level in recent months and the labor market conditions continue to remain intact.
Analysts stated that the signals regarding the effects of tariffs in the US economy are not yet clear and the indicators are stable, and the increase in cooling and growth in the employment market would make the Fed’s job difficult.
Analysts who stated that the risks of high unemployment and inflation are at the focus of the FED, the signals to be taken from employment data in the coming period may cause fundamental changes in the Fed’s inflation strategy.
Powell warned about growth
FED President Jerome Powell also warned that inflation and unemployment may increase if large tariff increases may increase if large tariff increases may increase and economic growth may slow down.
Powell pointed out that short -term inflation expectations have increased in both market and survey -based measurements, and that tariffs are shown as factor that caused this increase. Powell said that most of the long -term inflation expectations continue to be compatible with the 2 percent inflation target.
Analysts emphasized that Powell is sensitive to high inflation risks and said that if there is a deterioration in long -term inflation expectations, the FED’s statements and steps will be closely monitored.
US-China Negotiations will begin in Saturday in Switzerland
While new developments on the tariffs front continue to be the focus of investors, US Treasury Minister Scott Bessent, who made statements yesterday, said that the tariff negotiations with China will begin on Saturday.
Bessent said that negotiations will start in Switzerland on Saturday, and that negotiations with China will be carried out by the US Trade Representative Jamieson Greer. In addition, Bessent underlined that negotiations continue with other important trade partners of the USA.
US President Donald Trump, who made statements about the tariffs applied to China yesterday, said he did not want to reduce customs duties to China in order to unlock negotiations with Beijing.
On the other hand, Trump announced that they will sign a trade agreement with a large and respected country today. In the news reflected in the American media, it was claimed that the country in question could be England.
US indices welcomed tariff developments positively
Yesterday at the New York Stock Exchange, the S&P 500 index gained 0.43 percent, the NASDAQ index 0.27 percent and the Dow Jones index gained 0.70 percent. Index futures contracts in the United States began the new day with a positive course.
FED’s high -time tone emphasizing the risks of high unemployment and high inflation, the price of ounce of gold is currently traded for $ 3 thousand 392 with a 0.8 percent rise compared to yesterday’s closing. The US found 10 -year bond interest rate at 4.30 percent and the dollar index decreased by 0.2 percent at a level of 99.7 percent.
Brent oil price of the barrels is sold for 61.4 dollars with a value gain on the new trading day after new developments for negotiations.
Eyes in Europe in Boe’s interest rate decision
While a negative course came to the fore yesterday in the European stock exchanges, the Eyes were translated into the statements of the Central Bank of the UK (Boe) and the statements of Boe President Andrew Bailey. Boe is expected to go to a 25 basis of interest rate cuts to revive the UK economy against the risks of manufacturing industry and economic growth in the country and to reduce funding costs.
Prices in the money markets in the current meeting of Boe’nin policy interest from 4.50 percent to 4.25 percent of the level is considered.
Analysts recalled that March consumer inflation was below expectations with 2.6 percent, and underlined that the limited inflationary risks after the inflation data opened up to interest cuts.
On the other hand, developments in the US tariffs and news flow to the Russian-Ukraine War continues to be the focus of the region.
With these developments, DAX 40 0.58 percent in Germany yesterday, CAC 40 Index in France 0.91 percent, FTSE MIB 30 index in Italy 0.62 percent and the FTSE 100 index in the UK decreased by 0.44 percent. Index futures contracts in Europe started the new day with a positive course.
Asian stock exchanges are positive
On the Asian side, a positive course is followed by the US and China’s decision to start trade negotiations and the increasing optimism on the issue.
The cautious approach, which has been going on for a while due to trade tensions, announced that Chinese and US delegations will meet in Switzerland on Saturday.
Analysts recorded that the US negotiating approach to the countries of the region nourishes optimism and said that regional indices are sensitive to news flow on the issue.
With these developments, the Nikkei 225 index in Japan, close to closing, is 0.8 percent, the KOSPI index in South Korea is 0.5 percent, the Shanghai compound index in China is 0.2 percent and the HANG SENG index increased by 0.6 percent in Hong Kong.
BIST 100 Index watched with sellers yesterday
BIST 100 index, which followed a sales -weighted course yesterday in the country, lost 0.66 percent of the BIST 100 index by 9.074.62 points. Borsa Istanbul Futures and Options Market (VIOP) BIST 30 index -based contract on the June -term contract yesterday evening session increased by 0.1 percent to 10.405.00 points compared to the closing of the normal session was traded.
The dollar/TL closed at 38,6510 yesterday with an increase of 0.1 percent yesterday, today at the opening of the interbank market is traded at the level of 38,6410 just below the previous closing.
Analysts, today, weekly money and bank statistics, abroad, the UK in the UK, as well as the interest decision of the United States in the United States weekly unemployment salary applications and wholesale stocks will come to the fore, technical BIST 100 index 9,000 and 8.900 points support, 9.200 and 9.300 points are in the position of resistance.
The data to be followed in the markets today is as follows:
10.00 Türkiye, April financial investment instruments real return rate
14.00 England, May Boe interest rate decision
14.30 Türkiye, weekly money and bank statistics
15.30 USA, Weekly Unemployment Period Applications
17.00 USA, March Wholesale Stocks
17.30 Türkiye, April Treasury cash balance
