Global markets negative.
The focus of yesterday’s agenda of the global markets was the statements of US Federal Reserve (Fed) Chairman Jerome Powell and Joe Biden, who was elected to the US Presidency.
Today, with the news that the US will impose sanctions on some Chinese companies, there is a sales trend in Asian stock markets. Near the close, the Shanghai composite index fell 0.6 percent in China, the Nikkei 225 index fell 0.5 percent in Japan and the Kospi index in South Korea fell 1.8 percent.
Details of Biden’s new support package came after the New York stock market closed. Biden, who proposed a $1.9 trillion aid package to combat the new type of Coronavirus epidemic and economic crisis, said that $400 billion will be allocated directly to the fight against the epidemic and vaccine distribution and 350 billion dollars will be allocated to state and local governments to cover the budget deficit.
In the rescue package, which is proposed to give cash aid for the third time to Americans below a certain income level, it is planned to give 1400 dollars this time to Americans who were sent cash for 600 dollars before.
The BIST 100 index, which saw the record level with 1.568.06 points yesterday, started to decline with profit sales that increased its effect at this level and ended the day at 1.546.60 points with 0.81 percent loss compared to the previous close.
The dollar / TL, which closed from 7.3611 yesterday with a 0.6 percent decrease, traded at 7.3710 at the opening of the interbank market today.
On the European side, while the political crisis in Italy and the ongoing negotiations between the European Union and Britain are on the agenda, yesterday a positive trend was observed in the stock markets, except Italy. While the DAX index rose 0.35 percent in Germany, the FTSE 100 index rose 0.84 percent in the UK and the CAC 40 index increased 0.33 percent in France, the MIB 30 index fell 0.37 percent in Italy.
Prior to the rate hike, after Powell’s speech, emphasizing that they will definitely communicate this, the US 10-year bond interest rates fell below 1.10 percent from 1.1280 percent. Dollar index stabilized at 90.2 level, after fluctuating in the narrow band of 90.0-90.6.
And so we have, global markets negative.