Global Markets focused on the statements of FED President Powell – Cyprus Newspaper
In global markets, the search for direction with uncertainties regarding the geopolitical developments and the consequences of tariffs came to the forefront, while the eyes turned into statements by Jerome Powell, President of the US Federal Bank (FED), today.
In the US economy, where risks for growth and inflation remains, the US and China’s mutual tariffs postponed 90 days after 90 days of concerns about growth, albeit limited. Inflation, which is expected to gain strength due to tariffs, is still effective in limiting the risk appetite.
Analysts, this week announced in April, both on a monthly basis and on a monthly basis, but the previous month of inflation continues to gain strength compared to the previous month, the tariff restorations and existing tariffs are expected to create upward impact in the future data periods, he said.
Today, the retail sales and producer inflation data to be taken from the signals to be taken from the direction of the market is expected to be effective on the direction of the analysts, Fed President Powell’ın today’s speech today, he said.
In addition, US President Donald Trump’s visits within the scope of the Middle East Tour and the statements on the trade front are closely monitored.
In a statement from the White House, Trump reportedly signed an agreement in Qatar to provide economic cooperation of at least $ 1.2 trillion. In a statement, Boeing and Ge Aerospace received an order of $ 96 billion from Qatar Airways, and this agreement covers the purchase of 210 US -made Boeing 787 Dreaminer and 777x planes working with GE Aerospace engines.
On the other hand, peace talks on the Russian-Ukraine War, which is expected to take place in Istanbul today, are also closely followed by investors.
The fall underneath continues
Following the investment of concerns about trade wars, the decline in ounce of gold continues. The price of ounce of gold, which has lost approximately 4.3 percent since the beginning of the week, is currently traded at 3 thousand 132 dollars with a decrease of 1.4 percent at the moment.
Analysts stated that sales took place with the expectation that trade tensions will not be intensified in the future and the effects of profit realization motives of investors.
Following the sales trend in the US bond markets for 5 working days, a horizontal course stands out at the moment. Yesterday, 4 -base points rose to 4.54 percent of the US 10 -year bond interest rate in the new day 4.53 percent of the trading.
The Dollar Index moves horizontally and completes the day at the level of 101, and on the new trading day, it decreases by 0.2 percent to 100.8. The price of Brent oil is currently trading at $ 64.4 with a decrease of 1.6 percent at the moment.
After the order statement of Qatar Airways on the corporate side, Boeing’s shares completed the trading day with an increase of approximately 1 percent. In addition, AMD’s shares, which announced that it will recruit 6 billion dollars, gained more than 4 percent.
With these developments, the S&P 500 index on the New York Stock Exchange increased by 0.10 percent and the NASDAQ index rose by 0.72 percent, while the Dow Jones index decreased by 0.21 percent. Index futures contracts in the US started the new day with a decline.
Growth data will be followed in the Euro Region
European stock exchanges yesterday, Russia and Ukraine’s search for direction before the peace negotiations came to the fore, the eyes were turned into growth data to be announced in the Euro Region today.
Increasing recession concerns with the effect of the decrease in manufacturing industry activity continues to be one of the main economic agenda items of the region, while the signals to be taken from the growth data to be announced today are expected to give more information about the economic course in the region.
Analysts, in recent months, after the US tariff steps, European suppliers and manufacturers are strategically in a difficult situation, stating that the ongoing automotive tariffs and the effects of postponed reciprocity -based tariffs are negative for manufacturing activity, he said.
The Ministry of Economy and Climate Protection of the German Ministry of Protection, the monthly report on the country’s economy, the economy in the first quarter of the first quarter of the special consumption, investment and the US customs tariffs announced on April 2, the increase in exports by increasing exports, especially in the export sector in the other quarters of the year due to the fact that the work expectations continued to remain low.
On the other hand, peace talks will be held in Istanbul today for the Ukraine-Russian War and the parties will come together. Istanbul Peace Negotiations will represent Ukraine, Foreign Minister Andrii Sybiha, Defense Minister Rüstem Umerov and the President of the Presidency of the Presidency of the Ukraine.
In the Russian delegation, Russian President Vladimir Putin’s consultant Vladimir Medinskiy, Deputy Minister of Foreign Affairs Mihail Galluzin, Chairman of the General Staff of the General Staff Igor Kostyukov and Deputy Defense Minister Aleksandr Fomin will include.
With these developments, DAX 40 in Germany yesterday, 0.47 percent of the CAC 40 index in France, 0.47 percent and the FTSE 100 index in the UK lost 0.21 percent, while the FTSE MIB 30 index in Italy won 0.70 percent. In Europe, index futures contracts started the new day with a negative course.
Boj’s interest rate hike expectations were extended to October
Some tariffs on the Asian side and the uncertainties of whether the tariff risks will come back in the future.
The postponement of a large part of the harsh tariffs implemented by the US against trade partners, but the fact that some import tariffs remain in force continues to be a risk element for many manufacturers.
While the cautious stance for the same global trade by the Central Banks continued, the exchange of interest rate hikes of the Central Bank of Japan (BOJ) in the past weeks in the money markets has been extended to October.
On the other hand, the US State Department has announced that some people and companies in China and Hong Kong have added to the sanction list on the grounds that they support Iran’s ballistic missile program.
Analysts said the decision could be negative in terms of decreasing commercial tensions after the trade reconciliation between the US and China.
With these developments, the Nikkei 225 index in Japan, close to closing, 0.9 percent, KOSPİ index in South Korea, 0.7 percent, Shanghai compound index in China 0.5 percent and HONG Kong in Hong Kong fell 0.5 percent.
CBRT Vice President Akçay: The disinflation process is moving correctly
BIST 100 index in Borsa Istanbul, which followed a horizontal course yesterday, lost 0.01 percent of the day by 9,701,55 points. Borsa Istanbul Futures and Options Market (VIOP) BIST 30 index -based contract on the June -term contract yesterday evening session increased by about 0.5 percent compared to the closing of the normal session was traded at 11.238.00 points.
Central Bank of the Republic of Turkey (CBRT) Vice President Cevdet Akçay, yesterday, the European Bank of Development and Development (EBRD) in his speech within the scope of the annual meetings, the « failure story » is not realistic about the reduction of inflation, and the disinflation process is progressing correctly, the story of the story of the disinfitation. he said.
The dollar/TL closed yesterday at 38,7710 with a horizontal course, today is traded at the level of 38,7770 just above the previous closing of the interbank market.
Analysts, today, weekly money and bank statistics in the country, abroad, growth in the Euro Region and the US -producer inflation in the USA will follow the intensive data agenda, technical aspects of the BIST 100 index 9.800 and 9.900 points in the resistance, 9.600 and 9.500 levels are supported.
The data to be followed in the markets today is as follows:
09.00 England, 1st Golrisafi Domestic Product (GDP)
09.00 England, March Industrial Production
09.00 England, March Foreign Trade Balance
11.00 Türkiye, April budget balance
12.00 euro region, 1st ilk Gross Domestic Product (GDP)
12.00 Euro Region, March Industrial Production
14.30 Türkiye, weekly money and bank statistics
15.30 USA, Weekly Unemployment Period Applications
15.30 USA, May New York Fed Manufacturing Industry Index
15.30 USA, May Philadelphia Fed Manufacturing Industry Index
15.30 USA, April Producer Price Index (PPI)
15.30 USA, April retail sales
15.40 FED President Powell in the USA
16.15 USA, April capacity usage rate
16.15 USA, April Industrial Production