Global markets continue to recover – Cyprus Newspaper

In global markets, a positive course is followed by the effect of increasing optimism for negotiations after the US postponement of trade tariffs.

While the steps taken by the US within the scope of the protectionist trade policy continue to remain in the focus of investors, the news flow about the search for negotiations is closely monitored. After the announcement that reciprocity -based tariffs will not be applied to semiconductor and some technology products, the increasing risk appetite continues to be effective on the direction of markets.

US President Donald Trump, who made statements yesterday, said that they will soon announce the sectoral tariffs for drugs and that they want to bring back drug production to the country.

Trump said he wouldn’t change his opinion on tariffs, but he could be flexible, he didn’t want to hurt anyone. The White House National Economy Council Director Kevin Hassett also mentioned that they received very good agreement offers in tariff negotiations and said that the US will not be recessed with 100 percent probability this year.

While the statements of the US Federal Bank (FED) officials were also followed, the FED Board Member Christopher Waller said that if the businesses quickly and completely reflect the tariff costs, inflation may approach 5 percent in the coming months. Waller said that the risk of recession will outweigh the risk of inflation.

Developments were positively reflected in technology shares

Analysts said that the exemption of some technology products from mutual tariffs is an important gain for major technology companies, but the uncertainty still continues.

Following these developments, Apple’s shares increased by 2.2 percent, Alphabet’s shares increased by 1.3 percent, while the shares of Meta fell 1.2 percent and Amazon’s shares fell 1.5 percent.

After Trump stated that automobile manufacturers have “need some time” to move their production to the United States and that he wanted to help automobile companies, the movement of the shares of the companies operating in this sector also drew attention.

After the explanations, Ford Motor’s shares 4 percent, General Motors’ shares 3.5 percent and Stellantis’s shares increased by 5.6 percent.

On the other hand, the shares of the US Investment Bank Goldman Sachs, who published the balance sheet yesterday and explained profit above expectations, rose by about 2 percent. Today, the financial results of the Bank of America and Citigroup will be published in the first quarter of the analysts noted that the analysts, in the intensified balance sheet season, shares and sector -based volatility may increase, he said.

The VIX index, known as the « fear index », has declined

Following the latest developments in the tariffs, the VIX index, known as the “Horror Index ve in the markets and showed the fluctuation in the S&P 500 Index, decreased by about 17.8 percent to 30.9 percent.

At the New York Stock Exchange yesterday, the NASDAQ index gained 0.64 percent, the S&P 500 index 0.79 percent and the Dow Jones index gained 0.78 percent. Index futures contracts in the US started with a new decline.

Yesterday, the US’s 10 -year bonds were tracked, while the 10 -year bond rates were stabilized at 4.36 percent with a decrease of 11 basis points at the moment. The dollar index is traded at 99.7 levels with a decrease of 0.2 percent.

The price of ounce of gold yesterday decreased by 0.9 percent to 3 thousand 210 dollars, while the new day increased by 0.5 percent of 3 thousand 228 dollars is traded. The price of Brent oil is currently at the level of $ 64.6 with a value of 0.1 percent.

The first contact for tariffs with the USA from Europe

While the European stock exchanges made a positive closing with increasing risk appetite in parallel with the optimism of negotiations yesterday, the first contact between the European Union (EU) and the USA was held for negotiations.

Maros Sefcovic, a member of the EU commission in the USA to make negotiations about tariffs, met with US Trade Minister Howard Lutnick and US Trade Representative Jamieson Greer.

Emphasizing that the EU’s mutual customs duties proposal and non -tariff obstacles for industrial goods and non -tariff barriers continue to be ready for a constructive and fair agreement, Sefcovic said that both sides should make efforts to achieve this.

Analysts noted that negotiations between the EU and the United States are important for the global trade system and emphasized that the EU has made the most exports to the USA.

On the other hand, today’s statements of Christine Lagarde, President of the European Central Bank (ECB), are the focus of investors. Yesterday, the FTSE 100 index in the UK 2.14 percent, DAX 40 2.85 percent in Germany, CAC 40 index in France 2.37 percent and the FTSE MIB 30 index in Italy rose by 2.88 percent. In Europe, index futures contracts started the new day with a positive course.

Asian markets are positive except China

Asian stock exchanges semiconductor and some technology products for tariff exemptions for the optimism with the effect of a positive course except China, while the rise in automobile shares attracts attention.

The news flow to negotiations in the tariffs implemented by the USA to automotives supports the risk appetite in the region indices. Toyota, one of the Japanese automotive giants, shares 4.9 percent, Suzuki’s shares 4.7 percent, Subaru’s shares 4.4 percent, Mazda Motors’ shares rose by 4.2 percent, Honda’s shares increased by 4.1 percent, while the shares of Hyundai Motor, one of the South Korean automotive companies, and the shares of Kia’s shares increased by 4.7 percent.

On the other hand, South Korea announced a $ 23 billion support package for the semiconductor industry.

In a statement made by the government, these measures, increasing policy uncertainty under the current US administration and the increasing competition of Chinese competitors, considering the government to increase the support of the government said in response to the calls.

With these developments, the Nikkei 225 index in Japan in Japan, KOSPİ index in South Korea, 1 percent in South Korea, Hong Kong increased by 0.1 percent in Hong Kong, while the Shanghai compound index in China fell 0.3 percent.

Borsa İstanbul watched with buyers yesterday

BIST 100 index in Borsa İstanbul, which followed a traveling course yesterday in the country, completed the day at 9.423.62 points by gaining 0.45 percent. Borsa Istanbul futures and Options Market (VIOP) BIST 30 index -based April -futures contract last evening in the session of 0.1 percent of the value of 10.474.00 points.

Dollar/TL, yesterday, 0.1 percent decreased from 38,0305, today closed, today the opening of the interbank market is traded at the level of 38,0400 just above the previous closing.

Analysts today, the budget balance in the country, the Zew Economic Confidence Index in Germany and the Euro Region abroad, the ECB President Lagarde’s speech in the Euro Region, the United States will follow the New York Fed Manufacturing Index in the United States, technically 9.550 and 9.650 points in the BIST 100 index, 9.400 and 9.300 levels of the level of support.

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

09.00 UK, February unemployment rate

11.00 Türkiye, March budget balance

12.00 Germany, April Zew Economic Confidence Index

12.00 euro region, April Zew Economic confidence index

12.00 euro region, February Industrial Production

15.30 USA, April New York Fed Manufacturing Index

19.00 Euro Region, ECB President Christine Lagarde’s speech