Confusion in global markets

Global markets started the day with a directionless course. Despite the increasing number of cases in the coronavirus epidemic, markets that have lost their balance due to high liquidity and rapidly rising commodity prices are confusing. The New York Stock Exchange ended the day, which started positively, with a mixed course, due to the positive developments in the vaccine studies against the coronavirus and the effect of better-than-expected company balance sheets. This morning, US futures are following a horizontal and directionless course. There is also a mixed picture on Asian stock markets. While there are negatives in Australia, Japan, South Korea and Hong Kong, the stock markets of China, Taiwan and India are on the rise.

While the euro has reached its 18-month peak against the dollar, there are also sharp increases in commodity prices, especially silver and gold. While silver prices increased by more than 5 percent and exceeded $ 22, gold prices reached $ 1,865.

Dollar/TL also declines with the depreciation of the dollar

While there is no important data agenda in the domestic and global markets, dollar/TL decreased to 6.83 from the levels of 6.85, which it had been at for a long time. The decline in value of the dollar in global markets is effective. Euro/TL changes hands just below 7.90.

Economic support package talks between Republicans and Democrats in the USA
The dollar, which is under pressure due to concerns that a consensus will not be formed, is in the hands of most currencies in Asian markets.
He increased his losses against his unit.

The euro traded near its highest level in a year at $1.1538 as EU leaders agreed on a support package. While developments in coronavirus vaccines weakened the appetite for safe havens such as the dollar, investors’ risk appetite increased significantly. Against sterling, the dollar fell to $1.2727, near its lowest level in the last six weeks. The dollar fell to its lowest level against the franc since March, trading at 0.9323 Swiss francs. The dollar remained flat against the Japanese yen at 106.79.

Brent oil declines with US stock data

Oil prices are the world’s biggest oil market as coronavirus cases continue to rise.
Consumer prices fell as stocks rose more than expected in the United States. The nearest term barrel price of Brent crude oil decreased by 0.7 percent to 44 dollars.

US light crude oil decreased by 0.8 percent and was traded at $41.59.
Oil prices rose by nearly 1 dollar the previous day, reaching the highest level since March 6.
had risen to a high level.

Source: https://www.dunya.com/finans/haberler/kuresel-piyasalarda-kafa-karisikligi-haberi-475824

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