31.12.2024 10:01
In global markets, due to uncertainties regarding the economic and trade policies that the new U.S. administration will pursue, a negative trend was observed on the last trading day of the year, while low trading volumes are expected to persist throughout the week following the New Year holiday.
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In global markets, a negative trend was observed on the last trading day of the year due to uncertainties regarding the economic and trade policies that the new US administration will follow, while low trading volumes are expected throughout the week after the New Year holiday.
INFLATION AND FED POLICIES ON THE AGENDA IN THE US
As the commercial and economic issues that the new administration, which will take office on January 20, will follow continue to remain on investors' agendas, the uncertainty regarding the impact of potential additional trade tariffs on the course of inflation in the country persists. Expectations that the fight against inflation may take longer than anticipated and that the US Federal Reserve (Fed) will act more cautiously in its monetary easing process are causing an increase in risk perception.
EXPECTATIONS FOR FED INTEREST RATE CUTS
Analysts stated that pricing in the money markets indicates that the Fed is expected to implement two interest rate cuts next year, and they noted that signals from macroeconomic data, the policies of the new US administration, and global economic developments could affect pricing.
INCREASE IN HOUSING SALES
According to the data released yesterday, pending home sales in the US increased by 2.2% in November, exceeding market expectations.
BOEING SHARES FALL DUE TO ACCIDENT NEWS
Following the accident of a Boeing 737-800 passenger plane belonging to Jeju Air over the weekend, an order was given in South Korea to inspect aircraft of this model. Boeing shares fell by 2.3%.
CURRENT STATUS IN GOLD, DOLLAR, AND OIL MARKETS
The price of gold per ounce started at $2,606 with a horizontal trend, while the US 10-year Treasury yield stabilized at 4.54%. The dollar index traded at 108, down 0.2%, while the price of Brent crude oil rose by 0.7% to $74.5 per barrel.
DROPS CONTINUE ON THE NEW YORK STOCK EXCHANGE
On the New York Stock Exchange yesterday, the S&P 500 index fell by 1.07%, the Nasdaq index by 1.19%, and the Dow Jones index by 0.97%. Today, the New York Stock Exchange will be closed due to the New Year holiday. On January 9, there will be no trading in the stock and options markets in memory of former President Jimmy Carter.
MIXED TREND IN EUROPEAN MARKETS
In European markets, a negative trend was dominant yesterday, except for Italy. While the stock exchanges in the UK and France closed early, Germany and Italy did not trade due to the New Year holiday. The FTSE 100 index in the UK fell by 0.35%, the DAX 40 index in Germany by 0.38%, and the CAC 40 index in France by 0.57%, while the FTSE MIB 30 index in Italy rose by 0.07%.
ACTIVITY IN ASIAN MARKETS
In Asia, a selling trend was observed in the Chinese markets, while a limited increase was recorded in Hong Kong. In China, the manufacturing PMI for December remained in the expansion zone at 50.1, while the services PMI was recorded at 52.2. It was reported that political uncertainties continue in South Korea.
DECLINE CONTINUES IN ISTANBUL STOCK EXCHANGE
In the Istanbul Stock Exchange, the BIST 100 index closed at 9,889.71 points with a decrease of 1.35% yesterday. The dollar/TL closed at 35.3228 with an increase of 0.4%, while it is showing a horizontal trend today.
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