In global markets, there is a return after the sales that started in the second part of last week and continued yesterday. The US stock markets, which started yesterday’s trading session at 2.5 percent minus, closed with a rise of 1 percent with the news that the Fed will begin to buy direct corporate bonds.
As of this morning, US futures are at a 1.5-2 percent increase, while strong purchases are coming to stock markets in Asian stock markets. Rises in Japan and South Korea exceeded 4 percent, while the Hong Kong stock exchange is 3 percent above. On the Chinese stock markets, where the rises are more limited, the pluses are at the level of 1.5 percent.
Borsa İstanbul over 110 thousand points
The BIST 100 index, which accompanied the rise in world stock markets, rose to 110,897.64 points with an increase of 1.22 percent at the opening. In the foreign exchange markets, there is a quiet day. From Dollars / TL 6.83; The euro / TL is valued at 7.74.
The eyes of the global markets will be in Fed President Jerome Powell. Powell will present a half-year monetary policy report to the Senate Banking Committee.
Downward trend continues in oil prices
Concerns that the re-rise of coronavirus incidents worldwide will slow the recovery in global fuel demand has led to a decline in oil prices in international markets.
The price of barrels of Brent oil at ICE is $ 39.56, down 16 cents compared to yesterday, after a drop of $ 38.95. At NYMEX, West Texas oil is also traded at $ 36.98 / barrel, down 14 cents.
The number of coronavirus cases worldwide has exceeded 8 million yesterday. Increasing the number of cases in the USA, where the economy is reopening, and re-double-digit coronavirus cases in China, make investors uneasy. “The increase in the number of Covid-19 cases indicates that recovery will be a slow process. However, we consider that it is unlikely to return to quarantine measures in the first half of the year,” AxiCorp strategists said in their investor note.
Strategists also point out that hopes that major producers will further shorten the oil supply prevented a sharp drop in prices.
Agenda of the Day
The data to be followed in the markets today are as follows:
12.00 Germany, ZEW economic outlook indices
14:30 Turkey, April house price index
15.30 US, retail sales in may
16.15 USA, May industrial production and capacity utilization rate
17.00 USA, Fed President Jerome Powell’s speech
