The new week in the markets started with increases in the dollar and oil.
Dollar/TL started the new week at 44.60 TL. Its increase in the last month was 1.20 percent. One of the things that made the dollar stronger was the US non-farm employment data announced last Friday. Employment increased by 178 thousand against the expectation of 65 thousand. Such an increase in employment in an environment triggered by global inflation concerns dampened the interest rate cuts expected from the Fed.
The figure, which expresses the vitality of the US economy, caused the futures of the US stock markets to rise despite the increasing oil prices. Asian stock markets are also trading above 1 percent.
Despite Trump’s threatening statements, global markets started to get hopeful as Iran’s neighbors increased their steps towards a diplomatic solution.
Domestically, markets turned to the CBRT’s meeting in April after inflation figures were below expectations in March. It was written that CBRT President Fatih Karahan and Minister of Treasury and Finance Mehmet Şimşek, who had contacts in London last week, gave signals regarding the policy rate at the meeting. However, sources at the meeting that Haber Global spoke to said that no signal was given.
This week, the industrial production and current account deficit figures will be announced on Friday. It remains to be seen where the current account balance has evolved since the war began.
