While global markets are showing a mixed trend due to uncertainties about the effects of the steps to be taken by the Donald Trump administration, which will take office on January 20, and concerns that inflationary pressures may gain strength again, all eyes are on the Producer Price Index (PPI) data to be announced in the USA today.
Uncertainties about the policies to be followed by the new administration that will take office in the USA also affect the pricing of the interest rate reduction process of the US Federal Reserve (Fed), while the pricing in the money markets is that the Fed is expected to make its first interest rate cut this year after the first half of the year.
Analysts stated that the inflation data for December to be announced today and tomorrow may have an impact on the pricing in the money markets and provide more information about the country’s economy.
On the other hand, the current US administration announced a new regulation to tighten the export of advanced chips used for artificial intelligence.
In the statement made by the White House, it was pointed out that artificial intelligence is rapidly becoming central in terms of both security and economic power.
In the statement announcing the “Interim Final Rule on the Diffusion of Artificial Intelligence” in order to support the security and economic power of the USA, it was stated that while encouraging the spread of US technology, important steps were taken against countries that are a source of concern, and that these countries have advanced artificial intelligence systems and the information technology used to train them. It was stated that his access to power was restricted.
However, according to data released yesterday in the USA, according to the survey results announced by the New York Branch of the Fed, the short-term inflation expectation of consumers in the country remained unchanged at 3 percent last month.
On the corporate side, analysts stated that sector and stock-based movements may increase due to the impact of the upcoming balance sheet season, and noted that the balance sheets of some large financial institutions to be announced tomorrow are in the focus of investors.
While the sales wave in technology stocks continues, Nvidia’s shares decreased by 2 percent, Meta’s shares by 1.2 percent, Apple’s shares by 1 percent, Alphabet’s shares by 0.5 percent, Microsoft’s shares by 0.4 percent and Amazon’s shares by 0.4 percent. Its shares fell 0.2 percent.
Shares of US-based biotechnology company Moderna lost approximately 17 percent after it lowered its 2025 sales forecasts.
In the news in the country’s press, it was reported that US steel producers Cleveland Cliffs and Nucor are collaborating for a potential offer to US Steel, whose acquisition by the US administration has been blocked by Japanese Nippon Steel. Following the news in question, the shares of US Steel and Cleveland Cliffs rose 6 percent each and the shares of Nucor rose 4 percent.
On the other hand, in the lawsuit filed in California, it was claimed that the fire in the Eaton district of Los Angeles was caused by the equipment of the electrical company Edison International, and the company’s shares fell by 12 percent.
With these developments, the US 10-year bond interest is currently balanced at 4.77 percent due to concerns that inflationary pressures may gain strength again in the US.
While the ounce price of gold closed at 2 thousand 662 dollars with a 1.1 percent decrease yesterday, it is currently traded at 2 thousand 672 dollars with a 0.4 percent increase.
After the dollar index rose above 110 for the first time since November 2022 yesterday, it is at 109.5 with a 0.4 percent decrease in the new trading day.
Brent oil decreased by 0.3 percent in the new trading day and stabilized at $ 79.9.
In the Israeli-Palestinian conflict, which has been going on for a while in the Middle East, the news flow that a ceasefire is near came to the fore, while Palestinian sources stated that the ceasefire and prisoner exchange agreement in the Gaza Strip was “almost ready and could be signed on Friday, January 17, or before.” .
Yesterday in the New York Stock Exchange, the S&P 500 index gained 0.16 percent and the Dow Jones index gained 0.86 percent, while the Nasdaq index lost 0.38 percent. Index futures contracts in the USA started the new day with a positive trend.
While a negative trend was observed in European stock markets yesterday, the increase in the yields of 10-year government bonds across the region is noteworthy.
The selling pressure in bond markets is deepening due to the long-term outlook for government bond yields in regional countries and the uncertainties regarding the policies of Donald Trump, who will be sworn in as US President next week.
Analysts stated that bond prices decreased due to the selling pressure on bonds, while bond interest rates followed an upward trend.
While the 10-year bond interest rates of Germany, the largest economy in Europe, increased by 4 basis points to 2.53 percent yesterday, the yield of France’s 10-year bonds increased by 5 basis points to 3.46 percent.
Italy’s 10-year bond interest rates increased by 6 basis points to 3.82 percent at the close of yesterday.
Yesterday, the FTSE 100 index in England lost 0.29 percent, the CAC 40 index in France lost 0.30 percent, the FTSE MIB 30 index in Italy lost 0.83 percent and the DAX 40 index in Germany lost 0.41 percent. Index futures contracts in Europe started the new day with a mixed course.
On the Asian side, a mixed course is observed on the new trading day.
The news flow that the new administration that will take office in the USA may follow a policy of gradual increase in additional customs duties supports the strong risk appetite in China.
In addition, the China Securities Regulatory Commission stated that it will make every effort to stabilize the market and promote its positive momentum.
On the other hand, the selling trend that is effective in the USA, led by the semiconductor industry, is also effective in Japan.
The shares of Advantest, one of the leading companies in the testing of semiconductor products, are trading with a loss of approximately 8.8 percent near the closing, and the shares of Lasertec, which produces equipment for the semiconductor industry, are trading with a loss of 4.6 percent.
According to the data announced in the region today, the foreign trade balance in Japan for November had a surplus of 97.9 billion yen.
With these developments, while the Nikkei 225 index in Japan lost 2 percent of its value near the closing, the Shanghai composite index in China increased by 2 percent, the Kospi index in South Korea increased by 0.3 percent and the Hang Seng index in Hong Kong increased by 1.7 percent.
BIST 100 index at Borsa Istanbul, which followed a sales-oriented trend yesterday in the country, finished the day at 9,733.17 points, losing 1.79 percent of its value.
While Dollar/TL closed at 35.4880 with an increase of 0.1 percent yesterday, it is traded at 35.4830 at the opening of the interbank market today, just below the previous closing.
Analysts stated that today the data agenda is calm in the country and PPI data will be followed abroad in the USA, and stated that technically, 9,700 and 9,600 points in the BIST 100 index are support, and 9,800 and 10,000 levels are resistance.
