Iran announced that the Strait of Hormuz was opened to all ships… Iran announced that the Strait will remain open during the Lebanon ceasefire! After the news, a rally started in the markets. Oil prices crashed! Gold prices skyrocketed.
BIST 100 Index at Borsa Istanbul exceeded 14,500 points and increased by 2.14 percent! The rise in bank shares exceeded 5 percent!
ONS and Gram gold skyrocketed! While ONS gold, which was traded in a horizontal trend until the news, was traded at 4,875 dollars with an increase of 1.80 percent, gram gold rose sharply to 6,982 TL!
Oil prices fell by 9 percent as global oil flow will return to normal! Brent oil, which was traded at 99 dollars in the morning, dropped to 90 dollars after the news!
Since the majority of global oil trade is priced in dollars, the dollar has also fallen sharply against global currencies! DXY Index, which measures the strength of the dollar against other currencies, is down 0.50 percent. Euro/Dollar parity increased by 0.52 percent to 1.18. Dollar/TL is traded at 44.85 TL. The expectation that the euro economy will return to normal with the opening of the Strait of Hormuz strengthens the euro currency.
Euro/TL reached its historical peaks, rising by 0.56 percent to 53.18 TL!
In global markets, indices rose over 1 percent in the pre-opening transactions of the US stock markets, while in Europe, the German Stock Exchange DAX exceeded 2 percent!
