WorldDomestic markets focused on inflation data

Domestic markets focused on inflation data


Global markets It will be announced today domestically, following a mixed course. July pertaining to the month inflation data will be tracked.

The increasing number of cases in the new type of coronavirus (Covid-19) epidemic, the tension between the USA and China, and the mixed signals from the data on economic activity in the recent period are among the factors that make it difficult for the markets to find their way.

The manufacturing industry Purchasing Managers Index (PMI) data announced yesterday around the world was followed. While the manufacturing industry PMI continued its upward trend across Europe, the ISM manufacturing industry PMI in the USA fell from 60.6 to 59.5, below the expectations.

With the rapid spread of the delta variant in the Covid-19 epidemic, the increase in the number of deaths and cases has remained at the center of the agenda, causing new measures to come to the fore, albeit regionally for now.

On the other hand, although the completion of the 2,700-page text of the 1 trillion dollar infrastructure bill in the US Senate supported the markets, the US Treasury Department suspended some borrowing activities by putting into effect extraordinary measures to prevent the country from defaulting after the expiration of the debt limit, limiting the positive effect.

With these developments, a mixed course was observed in the New York stock market yesterday. With the increasing demand for US 10-year bonds, the interest rate fell to 1.15 percent and stabilized at 1.17 percent.

The Dow Jones index fell 0.28 percent and the S&P 500 index fell 0.19 percent, while the Nasdaq index rose 0.06 percent.

European stock markets, especially in Germany and the Euro Zone, followed a positive course after the better-than-expected manufacturing industry PMI data. Manufacturing industry PMI increased to 62.9 in Germany and 62.8 in the Euro Zone, showing that economic activity maintains its strength.

While FTSE 100 index gained 0.7 percent in England, DAX 30 index gained 0.16 percent in Germany and CAC 40 index gained 0.96 percent in France, euro/dollar parity was traded at 1.1880 with a horizontal movement.

The meeting of the Reserve Bank of Australia was at the center of the agenda in Asia today. The Reserve Bank of Australia kept the policy rate unchanged at 0.1 percent, while reducing the pace of its asset purchase program from AUD 5 billion to AUD 4 billion.

After the decision, the S&P ASX 200 index decreased by 0.4 percent in Australia, the Nikkei 225 index in Japan decreased by 0.7 percent and the Shanghai composite index in China decreased by 0.3 percent, while the Kospi index in South Korea decreased by 0.3 percent. rose.

In addition, according to the data released today, the Consumer Price Index (CPI) in Japan decreased by 0.1 percent annually in July.

Domestically, manufacturing industry PMI data reached 54.0 pointing to the continuation of expansion, while exports in July increased by 10 percent compared to the same period of the previous year and reached 16.4 billion dollars. Thus, for the first time in the last 12-month export history, it exceeded 200 billion dollars and reached 201.5 billion dollars.

BIST 100 index in Borsa Istanbul, which was catching on with these developments, gained 0.48 percent and closed the day at 1,399.65 points. The dollar/TL, which depreciated by 1.2 percent yesterday and regressed to 8.3539, is traded at 8.3590 at the opening of the interbank market today.

Analysts stated that today, inflation in the country, Producer Price Index (PPI) in the Euro Area and factory orders in the USA will be followed today. He said he was in a support position.

Economists participating in the survey conducted by AA Finans expect the CPI to increase by 1.62% in July. According to the average of economists’ inflation expectations for July (1.62%), annual inflation, which was 17.53 percent in the previous month, is calculated to rise to 18.74 percent.

The data to be followed in the markets today are as follows:

10.00 Turkey, July CPI and Domestic PPI

12.00 Eurozone, June PPI

17.00 US, factory orders for June

. (HAS) . ..

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