Haberler   
  English   
  Kurdî   
  En.Haberler.Com - Latest News
SEARCH IN NEWS:
  HOME PAGE 18/12/2024 13:58 
News  > 

The data that all the world's economies have been waiting for will be announced this evening.

The data that all the world's economies have been waiting for will be announced this evening.

18.12.2024 11:23

In global markets, a mixed trend is emerging ahead of the monetary policy decisions to be made by the U.S. Federal Reserve (Fed) this evening. While the Borsa Istanbul is in a wait-and-see mode, the Dollar has reached a record high against the Turkish Lira. Asian stock markets are also in search of pricing in the Fed's potential decision.

```html

In global markets, a mixed trend is emerging ahead of the monetary policy decisions to be made by the U.S. Federal Reserve (Fed) this evening. While it is thought that the fight against inflation is nearing its end worldwide, signals from macroeconomic data are fueling concerns that inflationary pressures may continue.

EXPECTATION OF A 25 BASIS POINT CUT DOMINATES

With the Fed expected to cut the policy rate by 25 basis points today, signals from the policy statement and Fed Chairman Jerome Powell's verbal guidance are anticipated to provide clues about future monetary policy.

Pricing in the money markets indicates that the Fed may implement two rate cuts next year, while concerns that the signals from the Fed may contradict the economic policies promised by Donald Trump, who was elected president in the U.S., are also dampening risk appetite.

MARKET ACTIVE DESPITE INFLATION

On the macroeconomic data front, U.S. retail sales increased by 0.7% month-on-month in November, exceeding market expectations. Analysts noted that the data shows U.S. consumers continue to remain resilient despite the Fed's restrictive monetary policy and inflation above the target. Meanwhile, industrial production in the country recorded a 0.1% decline month-on-month in November, contrary to expectations of an increase. The capacity utilization rate in the U.S. also fell by 0.2 percentage points to 76.8% during the same period.

COMMODITIES UNDER RISK

Meanwhile, international credit rating agency Fitch Ratings reported that declining demand due to planned tariffs by the U.S. and possible countermeasures from affected countries is the most significant risk for global commodity markets. With these developments, bond markets showed a buying trend yesterday ahead of today's Fed decisions, while the yield on U.S. 10-year bonds fell to 4.40%, and the dollar index dropped to 106.9.

BITCOIN PULLED BACK AFTER RECORD

The price of gold per ounce fell by 0.4% yesterday, while it is trading at $2,443 today with a sideways trend. The price of Brent crude oil also fell to $73 amid concerns about declining demand in China. Bitcoin, which has maintained an upward trend after the elections in the U.S., stabilized at $103,500 after testing above $108,000 ahead of the Fed's interest rate decision.

On the corporate side, following the news from the Japanese Nikkei newspaper that automobile manufacturers Nissan and Honda plan to start merger talks to better compete in the rapidly changing automotive industry, Honda's shares traded in the U.S. saw an increase.

STOCK MARKETS QUITE ACTIVE

On the New York Stock Exchange yesterday, the S&P 500 index fell by 0.39%, the Nasdaq index by 0.32%, and the Dow Jones index by 0.61%. The Dow Jones index completed its ninth consecutive day with a loss. In the U.S., index futures started the new day with a positive trend. In European stock markets, a negative trend prevailed yesterday, except for France, while in Germany, with the government's collapse leading to a new election period, political uncertainties increased in the region, and today’s inflation data to be announced in the Eurozone and the UK has become the focus of investors.

EUROPE AWAITS ECB

Yesterday, the Centre for European Economic Research (ZEW) announced the results of the ZEW Economic Sentiment Index for December, which measures the expectations of institutional investors and analysts for the next six months. Accordingly, the index increased by 8.3 points in December compared to the previous month. The index, which was 7.4 points in November, rose to 15.7 this month. Market expectations were for the index to decrease to 6.9 in December. Analysts noted that investor confidence in Germany has risen above expectations due to the upcoming early elections in February and increasing expectations for further interest rate cuts from the European Central Bank (ECB) next year.

On the other hand, the monetary policy decisions of the Bank of England (BoE) to be announced tomorrow are also on investors' radar, with clues about the bank's future steps expected from the statements of BoE Governor Andrew Bailey after the meeting.

With these developments, the FTSE 100 index in the UK fell by 0.81%, the DAX 40 index in Germany by 0.33%, and the FTSE MIB 30 index in Italy by 1.22%, while the CAC 40 index in France gained 0.12%. In Europe, index futures started the new day with a mixed trend.

ASIAN MARKETS ALSO EYE FED

In Asia, while steps to be taken by the Fed in its monetary policy are awaited, a positive trend is emerging, except for Japan.

In the region, as investors avoid taking risks ahead of the monetary policy decisions to be announced by the Bank of Japan (BoJ) tomorrow, selling pressure has increased, while the monetary policy signals to be taken in the BoJ's interest rate decision are at the forefront of investors' focus. Predictions that the Bank will not change its policy rate remain strong in the pricing of money markets.

According to the data announced today in the region, Japan's exports increased by 3.8% in November, exceeding expectations, while imports decreased by 3.8%, falling more than forecasts. Additionally, the country recorded a trade deficit of 117.6 billion yen in November. Meanwhile, Bank of Korea Governor Rhee Chang-yong stated that they expect inflation to remain stable over the next two years.

With these developments, as the Nikkei 225 index fell by 0.6% near the close, the Shanghai Composite Index in China rose by 0.8%, the Hang Seng Index in Hong Kong by 0.9%, and the Kospi index in South Korea by 1.2%.

DOMESTIC MARKET IN WAITING

Domestically, the BIST 100 index in Borsa Istanbul, which moved in an upward trend yesterday, completed the day with a gain of 0.14%, finishing at 10,011.27 points. The Dollar/TL closed at 33.9870 with a decrease of 0.1% yesterday, while it is trading at 35.0140 at the opening of the interbank market today.

Analysts stated that today, domestic housing sales statistics and short-term external debt statistics will be followed, while abroad, in addition to the Fed's interest rate decision, inflation in the Eurozone and the UK, the U.S. current account balance, housing starts, and building permits will be monitored, expressing that technically, resistance levels for the BIST 100 index are at 10,200 and 10,250 points, while support levels are at 9,900 and 9,850 points.

DATA TO BE ANNOUNCED TODAY IN MARKETS:

13:00 Eurozone, November Consumer Price Index (CPI)

15:00 U.S., weekly mortgage applications

16:30 U.S., November housing starts

16:30 U.S., November building permits

16:30 U.S., Q3 current account balance

22:00 U.S., Fed's interest rate decision

22:30 U.S., Fed Chairman Powell's press conference



```



 
Latest News
  • "Secret meeting at the Külliye for the 'Red Book'"
  • A secret meeting was held at the Presidential Complex to update the National Security Policy Document, referred to as the "secret constitution" of the state and commonly known as the "Red Book." In this meeting, where even mobile phones and smartwatches were not allowed, the topics discussed will be presented to President Erdoğan.
  • 9 minutes ago...


  • Three names were referred to disciplinary action in the CHP.
  • The CHP Central Executive Board referred former Marmaris Mayor Mehmet Oktay and two deputy mayors to the High Disciplinary Board with a request for their expulsion due to allegations that building permits were issued in violation of zoning regulations for a hotel project in Marmaris, Muğla.
  • 10 minutes ago...

  • The out-of-control plane crashed into a building: 2 lost their lives.
  • A plane that went out of control crashed into a building near Honolulu airport, resulting in the deaths of two people. The Kamaka Cessna 208 Caravan aircraft lost control during a training flight and struck a building. One of the deceased was 22-year-old Hiram DeFries, who was undergoing pilot training. An investigation has been launched regarding the incident, and the building that the plane hit was empty as it was about to be demolished.
  • 11 minutes ago...

  • HTŞ leader Colani: Turkey has many priorities in the construction of the new Syrian state.
  • The leader of HTS, which is at the forefront of the opposition that overthrew the Bashar al-Assad regime, Abu Muhammad al-Julani, stated, "Turkey has many priorities in the construction of the new Syrian state. There will also be mutual trade relations." In response to the question of whether Syria will be governed by Sharia law, Julani said, "It is not right to govern a country based on personal opinions. I would suggest leaving this matter to the experts on the subject."
  • 41 minutes ago...

 
 
Top News