In the global markets, the employment report announced in the USA pointing to the strong workforce market in the country creating an optimistic atmosphere, while US President Donald Trump’s tariff letters will be sent to countries.
While concerns about the possible effects of the protectionist policies implemented by US administration on economy and trade, the employment report, which reveals the healthy course of the labor market in the country, increased the risk appetite in the markets.
In the USA, non -agricultural employment increased by 147 thousand people in June, while the unemployment rate decreased from 4.2 percent to 4.1 percent. For the first time in the country, the number of unemployment benefits went down to 233 thousand a week ending with 28 June and took place under market predictions.
In the United States, Supply Management Institute (ISM) Service Sector Purchasing Managers Index (PMI) rose to 50.8 percent in parallel with market expectations in June. S&P Global’s service sector PMI data decreased by 0.8 points in June to 52.9 compared to the previous month. Factory orders in the country, 8.2 percent in May increased by more than expected.
The foreign trade deficit of the country increased by 18.7 percent to 71.5 billion dollars in May, while exports decreased by 4 percent and imports decreased by 0.1 percent.
Analysts, after the strong employment report, the pricing in the money markets in the US Federal Bank (FED) in the rest of the year of the remaining part of the remaining interest rates weakened the estimates, the bank’s policy interest rate of 72 percent in September, said that the policy rate is expected to reduce 25 basis points.
US Treasury Minister Scott Bessent said he thought that if the FED did not reduce the policy interest in July, a higher interest rate reduction in September.
On the other hand, President Trump is expected to start sending “tariff letters” to countries today. Yesterday to participate in an event in the state of Lowa, the capital Washington left the statements while Trump, probably tomorrow (today) from various countries to various countries to pay with the US to send letters to pay, he said.
– “We will record record growth”
Trump said that the bill, which is called a “a great beautiful bill of law” through the Congress, will turn the country into a “rocket ship”, and that it will sign the bill at 17.00 on Friday at 17.00. Trump said that they will record at record levels, “My first period was very, very successful. We had the biggest economy in the history of our country. I think we will overcome this period.” He said.
In addition, the International Monetary Fund (IMF) spokesman Julie Kozack said that the IMF should maintain its attitude that the US should reduce the budget deficit over time and said that the “tax reduction” bill, which is discussed in the Congress, contradicted the advice of reducing the debt.
Following the employment report that exceeds these developments and expectations, the views that the FED would not relax to the predicted extent increased, while the US 10 -year bond interest rate rose to 4.35 percent yesterday.
The price of ounces of gold decreased by 0.9 percent yesterday to 3 thousand 326 dollars, while currently increased by 0.4 percent 3 thousand 340 dollars is traded. The dollar index increased by 0.3 percent yesterday to 97, while the new day decreased by 0.1 percent at 96.9.
Oil prices declined before the OPEC+ meeting. The barrel price of Brent oil decreased by 0.5 percent at $ 68.2.
The New York Stock Exchange yesterday, the S&P 500 index 0.83 percent, the Nasdaq index was 1.02 percent and the Dow Jones index rose by 0.77 percent. Index futures contracts in the US started the new day with a negative course.
The New York Stock Exchange, which was closed early yesterday due to the independence day holiday in the USA, will be closed today.
– European stock exchanges watched positive
While a purchase -oriented course on the European stock exchanges came to the fore yesterday, the speech of Christine Lagarde, President of the European Central Bank (ECB), is the focus of investors.
On the other hand, the European Union (EU) Commission President Ursula von Der Leyen said that they are ready to make an agreement with the US on tariffs. Leyen underlined what they wanted a negotiated solution, and at the same time, they are preparing to have a satisfactory agreement.
Von Der Leyen explained that EU countries also consulted on a list of balancing against the United States, “We will defend the interests of Europe. All the vehicles required for this are on the table.” he said.
In addition to economic data, geopolitical developments continue to be closely monitored by investors. US President Donald Trump, Russian President Vladimir Putin in a telephone conversation with Ukrainian peace “no progress” said he said.
Yesterday, the FTSE 100 index in the UK was 0.55 percent, DAX 40 in Germany 0.61 percent, the FTSE MIB 30 index in Italy 0.40 percent and the CAC 40 index in France rose by 0.21 percent. Index futures contracts in Europe started the new day mixed.
– Asian stock exchanges under the influence of “tariff letters”
While a mixed course in the Asian markets came to the forefront, President Trump could begin to communicate the tariffs applied to countries today through a letter, and the fact that household expenditures in Japan come well above expectations have put pressure on the regional share markets.
In May, the increase in household expenditures in the country exceeded the predictions with 4.7 percent on a monthly basis, increasing by 4.6 percent on an annual basis, it was over estimates. The expectation for the expenditures of the households was that it would increase by 0.4 percent monthly and 1.3 percent annually.
On the other hand, the Chinese Ministry of Commerce reported that Beijing is working in close cooperation to maintain agreements in June with the US.
With these developments, the Nikkei 225 Index in Japan, close to closing, KOSPİ index in South Korea decreased by 1.6 percent and Hong Kong in Hong Kong decreased by 0.7 percent, while the Shanghai compound index increased by 0.4 percent in China.
– CBRT’s price developments report will be followed in Turkey
BIST 100 index in Borsa İstanbul, which followed a traveling course yesterday, finished the day at 10.228.39 points by gaining 0.39 percent. Borsa Istanbul Futures and Options Market (VIOP) BIST 30 index -based contract based on the August Term contract yesterday evening session of the normal session closing 0.06 percent of 12.111.00 points were traded.
Dollar/TL, yesterday, 0.1 percent rise from 39,8230, today, today the opening of the interbank market increased by 0.1 percent with 39,8440 traded.
Analysts today, the Republic of Turkey (CBRT) Price Developments Report in Turkey, Real Effective Exchange Rate, abroad, the ECB President Lagarde’s statements, the producer Price Index (PPI) in the Euro Region and the factory orders in Germany, including the intense data agenda will be followed.
Analysts stated that they were closely monitored in geopolitical developments with customs tariffs and said that the level of 10.300 and 10.400 in the BIST 100 index in terms of BIST 100 is supported by 10,100 and 10,000 points.
