Positive course is followed in global markets – Cyprus Newspaper

In global markets, the optimism of the US and China’s reconciliation in temporarily reducing additional customs duties continues.

Developments regarding the tariffs of customs that US administration implemented within the scope of protectionist trade policies continue to be effective on the direction of the markets. Although the United States and China have an agreement on downloading mutual tariffs for 90 days, although it reduces the stress that has been felt in the markets for a while, the fact that the tariffs will be applied, albeit low, and that possible new restorations may occur in the future.

On the other hand, concerns that tariffs could interrupt global trade and revive inflationist pressures, while the recent inflation data in the USA was below expectations.

Analysts, yesterday, the inflation data announced yesterday reflecting the effects of the tariffs, especially in May inflation data in May, the effects of customs duties on prices can be clearly understood, he said.

However, the US central bank (FED), despite the slowdown in the annual basis of inflation to take the money policy to take the step due to tariff policies that may expect to be more prominent, while the predictions of the investigation, the money markets in the prices of the Fed’s interest rate reduction was shifted to September. Pricing is expected to reduce the policy interest twice throughout the year.

« (Tax Discount) If we do this, our country will be like a rocket »

On the other hand, US President Donald Trump received an investment commitment of $ 600 billion in Saudi Arabia, which he visited as part of the Middle East Tour. Speaking at the investment forum held here, Trump stated that the Congress is on the verge of passing the biggest tax release regulation in the US history and said, “If we do this, our country will be like a rocket.” he said.

Trump also pointed out the rise in the US stock exchanges and said that the markets would be even higher. In addition, Trump, who shared from his social media account, said that inflation, gasoline, market and energy prices have fallen, and the FED should also reduce the policy interest.

On the other hand, the international credit rating agency Fitch Ratings reported that the temporarily lowering the mutual tariffs of the United States and China has reduced a significant tension, but this does not mean that the trade war does not end.

On the corporate side of the chip company Nvidia, the Saudi Arabian company Humain’s artificial intelligence factories to be used in the first stage will send 18 thousand artificial intelligence chips, the company’s shares gained 5.6 percent.

A tendency to buy in the US bond market

In the light of these developments, the sales tendency on the last 4 working days in the US bond markets ended today. Yesterday, 4 -base points rose to 4.50 percent of the US 10 -year bond interest rate decreased to 4.47 percent in the new day. The price of ounce of gold is found to be a buyer at $ 3 thousand 225 with a loss of 0.8 percent on the new trading day with the expectations that trade voltages will decrease and the impact of investors’ profit realization motives.

The dollar index fell by 0.6 percent yesterday at the level of 101, while the new trading day decreased by 0.1 percent at 100.9 level.

The barrel price of Brent oil is currently traded for $ 65.9 with a decrease of 0.5 percent.

Yesterday, the S&P 500 index on the New York Stock Exchange increased by 0.72 percent and the NASDAQ index rose by 1.61 percent, while the Dow Jones index fell 0.64 percent. The S&P 500 index fell to 4,835 points on April 7, and after the decline in the lowest level of the year, it recovered from here and regained its losses since the beginning of yesterday. Index futures contracts in the United States began the new day with rise.

Inflation data will be followed in Germany

While the agreement between the US and China on the European stock exchanges and the optimism that the Russian-Ukraine War could end, a positive course was monitored except England, the eyes have been turned into inflation data in Germany today.

Klaas Knot, the President of the Central Bank of the Netherlands and a member of the European Central Bank (ECB), said that some important currencies of the world will try to compete with dollars on the global stage, but the dollar will continue to be the world’s main currency.

Political developments are also followed in the region. Antonio Costa, President of the European Union (EU) Council, said they were worried about the current political crisis in Bosnia and Herzegovina.

Costa said that the separatist discourses and actions are contrary to the territorial integrity, sovereignty and constitutional order of Bosnia and Herzegovina. he said.

With these developments, DAX 40 in Germany yesterday, 0.31 percent of the CAC 40 index in France, 0.30 percent, the FTSE MIB 30 index in Italy increased by 0.39 percent, while the FTSE 100 index in the UK was horizontal. In Europe, index futures contracts started the new day with a mixed course.

Asian stock exchanges rose out of Japan

On the Asian side, the decrease in the tariff voltage between the US and China increases the risk appetite in the region, while customs duties are mutually reduced, but it is considered that it remains relatively high. The uncertainty about where tariffs will reach in the coming months continues to be a risk element in the region’s share markets.

According to the data described in the region today, the producer price index (PPI) in Japan was below expectations with 0.2 percent on a monthly basis, while in parallel with an increase of 2.4 percent on an annual basis.

On the other hand, the news flow of the ceasefire between India and Pakistan is closely monitored. The Indian government reacted to US President Donald Trump’s statement that he would work together with India and Pakistan in the Cammu Kashmir problem, and that the issue is a matter that should be discussed between Pakistan and the New Delhi administration.

With these developments, the Nikkei 225 index in Japan, close to closing, lost 0.3 percent, while the KOSPİ index in South Korea increased by 1.2 percent, the Shanghai compound index in China was 0.6 percent and the Hang Seng index in Hong Kong rose by 1.7 percent.

EBRD, Türkiye revised the growth forecast

BIST 100 index in Borsa Istanbul, which followed a sales -weighted course yesterday, lost a value of 0.48 percent by 9,700,17 points. Borsa Istanbul Futures and Options Market (VIOP) BIST 30 index -based contract on the June 5th Friday evening session decreased by 0.2 percent compared to the closing of the normal session was traded at 11.152.00 points.

The dollar/TL closed yesterday at 38,7910, today, today the opening of the interbank market is traded at the level of 38,7900 just below the previous closing.

Analysts, today the data agenda will be calm in the country, inflation data will be followed abroad, expressing that inflation data will be followed, technically BIST 100 index 9.600 and 9.500 points support, 9.800 and 9.900 levels are in resistance, he said.