In the global markets, a positive course is followed with optimism that the US will reach a compromise on tariffs with trade partners and trade agreements, while the intense data agenda to be followed this week, especially the employment data to be announced in the USA, is at the focus of investors.
Expectations that the US administration will reach an agreement with many commercial partners before the postponement period of reciprocity based tariffs brought by the protectionist trade policy and postponed later will be filled with many commercial partners.
Developments for trade agreements are also focused on the US Federal Bank (FED), while the reduction of tariff risks is expected to eliminate the uncertainties for the interest rate reduction process.
On the other hand, this week, the European Central Bank (ECB) will be organized in the Central Banking Forum of Portugal in Sintra Central Banking Forum will take place in the focus of investors. In addition, employment data to be announced in the US this week is expected to provide more information about the national economy.
Trump: We are in the process of making trade agreements
US President Donald Trump, who made statements at the White House, stated that they are in the process of making a trade agreement with other countries as well as the agreement signed with China and that they would send “tariff letters” to countries that cannot be reached in the next 1-2 weeks.
Trump pointed out that they have made an agreement with China and that they are in the process of making other agreements and hoped that they will soon reach an agreement with India.
Analysts emphasized that tensions will decrease on the trade side after the US reached agreements, and said that these agreements can increase the potential of US companies abroad and provide a faster reduction of foreign trade deficit.
On the other hand, Trump said that they ended the negotiations with Canada due to the “digital service tax” for US technology companies, and that they will convey the tariff rate to Canada within 7 days.
In the reports of the country’s press, the European Union (EU) was expected to reach a customs duty agreement with the US until the deadline in July and Trump aims to make agreements with key trade partners in Asia in the coming days.
Trump continued his criticism to Powell
Trump, FED President Jerome Powell’a continued to criticize, Powell’ın replaced, instead of someone to reduce interest rates, he said.
Stating that they have already earned hundreds of billions of dollars tariff revenues and inflation has fallen, Trump said, “Our only problem is someone who doesn’t understand what’s going on in the Fed. It would be great if it would be great if it would be great because we could borrow much cheaper.” He said.
Trump said that Powell wanted to resign, and that interest rates should be reduced, no matter who comes as the new FED president.
Analysts said that Trump has been criticizing Powell for a long time, and said that Powell, who will expire in May next year, will not be at the beginning of the Fed.
NASDAQ indices with S&P 500 renewed records
The S&P 500 index rose 0.52 percent, Dow Jones index 1 percent and NASDAQ index rose by 0.52 percent due to the optimism of the New York Stock Exchange on Friday and the tension that ended in the Middle East. Index futures contracts in the US started the new week with a positive course.
The Nasdaq index, which has the highest levels of all time during the day, reassured the closing records of the S&P 500 index in December last year, in February this year.
The US 10 -year bond interest rate rose to 4.28 percent on Friday, while the first trading day of the new week was balanced at 4.29 percent. Decreasing geopolitical tensions and tariffs can be reached by strengthening the expectations last week with the value of 3.28 percent of the value of gold ounce of the new week with a rise of 0.3 percent of the new week began at $ 3 thousand 285.
Brent oil price of the barrels last week after the 12.6 percent decrease in the currently up to 66.5 dollars with an increase of 0.3 percent.
The dollar index, which continues to watch close to the lowest level of the last 3 years due to Trump’s criticism of the FED, is at 97.2 with a decrease of 0.3 percent compared to its previous closing.
Eyes in Europe at the ECB Central Banking Forum
While a receiving course on Friday on the European stock exchanges came to the fore, this week, the eyes were turned to the ECB Central Banking Forum, where many important Central Bank officials will attend.
Today, the ECB President Christine Lagarde will be opened with the speech of Lagarde, as well as the FED President Powell, England Central Bank (Boe) President Andrew Bailey, Japan Central Bank (Boj) President Kazuo Ueda and South Korean Central Bank President Chang Yong Rhee will talk.
On the other hand, on the macroeconomic side, inflation data for June, which will be announced in Germany today, are the focus of investors.
Analysts, the region’s largest economy, Germany, the inflation data coming from Germany will give more information about the economic course, the country’s May inflation in the country’s mid -term target of the ECB’s medium -term target of 2 percent of the target of 2.1 percent reminded that 2.1 percent came.
DAX 40 percent in Germany on Friday, 1.62 percent of the FTSE 100 index in the UK, 0.72 percent, the FTSE MIB 30 index in Italy 0.99 percent and the CAC 40 index in France rose by 1.78 percent. In Europe, index futures contracts started the new week positively.
Asian stock exchanges started next week with Hong Kong
With the optimism that the US will go to more trade agreements with trade partners in the near future, and the expectations of the countries of the region will provide an agreement with the USA, there is a receiving course excluding Hong Kong in the Asian markets.
Asian economies, which are an important manufacturing and commercial center for the US, closely follow the developments in the US economy, while the optimism purchases in the US indices are effective on the Asian side.
In addition, the rise tendency in industrial and technology companies throughout the region increases the risk appetite in regional indices.
On the other hand, according to the data released in the region today, May industrial production in Japan remained below expectations with an increase of 0.5 percent, while it could not meet the predictions with a decrease of 1.8 percent on an annual basis.
On the Chinese side, the manufacturing industry purchasing managers Index (PMI) for June continued to remain weak despite the fact that it came above expectations with 49.7. While the service sector in the country has left the forecasts with 50.5, PMI, it pointed out to expand in the sector.
With these developments, the Nikkei 225 index in Japan, close to closing, increased by 0.9 percent in China, the Shanghai compound index increased by 0.4 percent and the KOSPI index in South Korea increased by 0.6 percent, while the Hang Seng index in Hong Kong fell 0.3 percent.
Intensive data agenda will be followed in Turkey
BIST 100 Index in Borsa Istanbul, which followed a travel on Friday, finished the day at 9.404.89 points by gaining a value of 1.12 percent. Borsa Istanbul Futures and Options Market (VIOP) BIST 30 index -based contract on the June evening session on Friday evening session of the normal session closing 0.2 percent of 10.508.00 points were traded.
Recalling that the analysts are the end of the term in index and share -term contracts today, the volatility in the markets may increase due to investors’ position transport and closing processes.
On the other hand, according to the newsletter of the Capital Markets Board (CMB) on Friday, the prohibition of sales transactions in Borsa İstanbul AŞ share markets, facilitating public procurement of public partnerships, and the measures and implementation of the self -resource ratio during the continuation of the credit capital market transactions were extended to the end of August 29 sessions.
Dollar/TL, Friday, 0.3 percent rise from 39,9070’ten closed, today the opening of the interbank market, just below the previous closing is traded at 39,8940.
Analysts today, intense data agenda in the country, abroad, DALLAS FED manufacturing industry index and the EURB President Lagarde in the USA will come to the fore in the United States, Technically, the BIST 100 index 9.500 and 9.600 points in the resistance, 9.300 and 9.200 levels are supported.
