During the process of inflation-reception dilemma worldwide, the adjustments made by the US to close trade partners in the tariff application reduces the prediction of economic policies of the countries, while investors lead to a cautious stance.
US President Trump, Mexico and Canada imported goods imported 25 percent customs duties on the implementation of the decree, which entered into force on March 4. In this context, goods compatible with the US-Mexico-Canada Agreement (USMCA) were exempted from tariffs for Mexico and Canada until April 2.
With the arrangement, cars that meet the requirements of the USMCA are among the products exempted from tariffs, while the Canadian Potas (fertilizer used by farmers) was reduced to 10 percent.
Trump, who made statements after signing the arrangements in question, said that the tariffs to be applied for aluminum and steel will not change and that they will come into force next week.
On the other hand, Canadian Prime Minister Justin Trudeau, on the 25 percent customs duties imposed by the United States to Canada, “I can confirm that we will continue to be in a trade war initiated by the US in the predictable future.” he said.
Trump’s tariffs for the US commercial partners can be interrupted in the country, while the existence of concerns about the fight against inflation in the country, today’s non -agricultural employment data to be announced today Fed Jerome Powell’s Monetary Policy Forum at the University of Chicago will be held at the focus of investors.
Analysts, non -agricultural employment data progressing with the tariff agenda of the US economy may give more information, said in the previous statements that they will not rush to adjust the policy stance, indicating that Powell’ın, today in the speech of the bank’s projections will be sought.
Pricing in the money markets, the FED will go to interest rate reduction in the first half of the year.
On the other hand, US Treasury Minister Scott Bessent pointed out that in his speech at the New York Economy Club (ECNY), Trump administration does not aim to make financial regulations more efficient, effective and appropriate.
Stating that international economic relations that do not work for the American people should be revised, Bessent said that this is aimed at tariffs. Besent, not only the tariffs applied to the US exports, but also non -tariff barriers, unjustly punishment laws, global competition and wages suppressing government policies, such as constant trade, such as foreign exchange manipulation, such as the fact that they have identified bad actors.
“If it is a one -time price set, nothing is more temporary than tariffs.” He replied.
Fed officials’ statements were also followed, Atlanta Fed President Raphael Bostic, Fed should be patient with interest rates until the summer months, he said.
Stating that Trump’s policies can be clarified about how the economy will affect the economy, Bostic said that the authorities could keep their interest rates fixed at least until the end of spring.
Meanwhile, Trump has signed a decree for the strategic Bitcoin reserve and the establishment of the US digital asset stock. White House Artificial Intelligence and Crypto Tsar David Sacks, in his share, Trump’s strategic Bitcoin reserve and digital asset stock has fulfilled the promise of creation.
On the macroeconomic data side, the number of those who applied for unemployment benefits for the first time in the USA declined to 221 thousand per week, which ended with March 1, and was below the market expectations.
Despite the decrease in unemployment salary applications, the fear of slowing down in the US economy continued.
Challenger, a consulting company, which holds the record of the disclosure or approved layout, revealed that Gray & Christmas has increased to 172 thousand 17 percent in February due to the dismissal of the US -based employers, the dismissal in the federal government, the canceled contracts, the fears of trade war and the bankruptcy.
The US foreign trade deficit increased by 34 percent on a monthly basis to 131.4 billion dollars on a monthly basis, while seeing the highest level of all time.
On the corporate side, the semiconductor manufacturer Marvell Technology in parallel with the expectations of income estimation of the artificial intelligence infrastructure of the expenditures of the investors were uneasy, while chip shares declined. Accordingly, Marvell Technology’s shares 19.8 percent, Broadcom’s shares 6.3 percent, Nvidia’s shares 5.7 percent and Advanced Micro Devices’ shares declined by 2.8 percent.
With these developments, the US index decreased by 1.6 percent yesterday to 103.8, while the US index declined to 103.8 with a decrease of 1.6 percent yesterday, and started the new day at 104.
The price of ounce of gold was closed at 0.5 percent yesterday at 2 thousand 909 dollars, while currently increased by 0.1 percent to 2 thousand 910 dollars is traded.
Brent oil price of the barrels of the day began at 69.3 dollars over 0.2 percent of the previous closing.
Yesterday at the New York Stock Exchange, the S&P 500 index lost 1.78 percent, the NASDAQ index was 2.61 percent and the Dow Jones index depreciated by 0.99 percent. Index futures contracts in the US started the day with a positive course.
While a positive course was monitored except England yesterday in the European stock exchanges, the eyes were translated into growth data in the Eurozone today.
The European Central Bank (ECB) reduced three basic policy interest rates yesterday 25 basis. Accordingly, the ECB bank deposit interest rate from 2.75 percent to 2.50 reduced. The bank, refinancing interest and marginal borrowing interest rate by decreasing 25 basis points, respectively 2.65 percent and 2.90 percent.
Thus, at the second meeting of the year for monetary policy, the sixth discount has been made since March 2016 for refinancing interest and marginal funding interest rates and for the deposit interest.
On the other hand, ECB President Christine Lagarde made evaluations at a press conference after the interest rate decision.
Expressing that the manufacturing industry in the Euro Region constitutes an obstacle to economic growth, Lagarde stressed that the labor market maintains the strength of the labor market and that the unemployment rate is historically low.
“Uncertainty prevents investments. Trade tensions can reduce growth.” he said.
Lagarde said that the risks on economic growth are downward, said tensions in global trade will suppress growth downward.
Lagarde said that more defense and infrastructure investments could increase growth in the Euro Region and that it is also valid for inflation.
Stating that the European Union (EU) should enter the customs tariffs with the United States “in a strong position”, Lagarde said that customs tariffs are negative for the economy.
On the other hand, while the news flow of peace in the Russian-Ukraine War was closely monitored throughout the region, the European Union (EU) Commission President Ursula von Der Leyen said that the reach of peace in Ukraine is in the interest of the United States and that the EU’s support is key.
Yesterday, DAX 40 percent in Germany, 1.47 percent in France, CAC 40 index 0.29 percent and the FTSE MIB 30 index in Italy won 0.68 percent, while the FTSE 100 index in the UK fell 0.8 percent. Index futures contracts in Europe started the new day with a mixed course.
Asian stock exchanges go out before a mixed course, Trump’s statements about tariffs are followed.
In China, economic management reported that US President Donald Trump is ready to implement economic strategies, financial and monetary policies that would support growth against trade war and other economic uncertainties climbing with tariff increases in the new ruling period.
Trade Minister Vang Vintao said that there will be no winner of the trade war between China and the United States. he said.
Japanese Finance Minister Katsunobu Kato said that the authorities would take appropriate measures against extreme movements in the foreign exchange market. Speaking about the expectations of increasing interest rates, Kato said that the determination of monetary policies is dependent on the Central Bank of Japan (Boj). he said
Nearly closing with these developments, Nikkei Nikkei 225 percent in Japan, KOSPİ in South Korea lost 0.4 percent, while the Shanghai compound index in China increased by 0.1 percent to 0.1 percent and the Hang Seng index in Hong Kong rose by 0.7 percent.
BIST 100 index in Borsa İstanbul, which followed a traveling course yesterday in the country, completed the day at 10.459,08 points by gaining 2.65 percent.
Yesterday, the Central Bank of the Republic of Turkey (CBRT) Monetary Policy Board (PPK), the policy interest rate of a week -term repo tender interest rate by reducing 250 basis points to 42.50 percent.
The main tendency of inflation declined in February after the increase in January, “In this period, the basic goods inflation maintained the relatively low course, while the service inflation slowed down after the increase in January. Domestic demand is above the fourth quarter, but the decrease in inflation has been supportive.” expressions were used.
In the text, although inflation expectations and pricing behaviors tend to heal, it continued to be a risk element in terms of disinfection process, and the stable stance in monetary policy strengthened the disinflation process by means of improvement in domestic demand, real valuation and inflation expectations in Turkish lira.
The dollar/TL closed yesterday from 36,4030 by watching horizontal, today is traded at the level of 36,4910 with an increase of 0.2 percent at the opening of the interbank market.
Analysts, today, CBRT Market Participants Survey, Treasury Cash balance, abroad in the United States FED President Powell’ın speech, non -agricultural employment and growth data will be followed by stating that the growth data will be followed, technically, 10.500 and 10.600 points in the BIST 100 index, 10,200 and 10,000 levels supported.
The data to be followed in the markets today is as follows:
10.00 England, February Housing Price Index
10.00 Germany, January Factory Orders
10.00 Türkiye, March CBRT market participants survey
13.00 Euro Region, 4th Gross Domestic Product (GDP)
16.30 USA, Non -Agricultural Employment in February
16.30 USA, February unemployment rate
16.30 USA, average hourly earnings in February
17.30 Türkiye, February Treasury cash balance
20.30 FED President Jerome Powell’s speech
