Global markets are focused on whether the global risk appetite, which has increased significantly in the last two weeks with the optimism created by the reopening of economies, will continue. It is a mixed day in the markets as of this morning. Following the decline in the S&P and Dow Jones indices in the USA yesterday, US futures are up around 0.50 percent this morning. There is a mixed trend in Asian stock markets, with no clear direction.
Dollar/TL is at 6.78; Borsa Istanbul is in the plus
Domestically, the unemployment rate for March, which was the first month when the effects of the coronavirus epidemic began to be felt, decreased to 13.2 percent. After the unemployment data, dollar/TL values around 6.78. Dollar/TL exchange rate has been fluctuating in the 6.7-6.8 band for a while, after the decline that started from its historical peak of 7.2690 in early May and continued to below 6.7.
BIST 100 index at Borsa Istanbul rose by 0.33 percent to 109,599.77 points at the opening.
All eyes on the Fed’s interest rate decision
Abroad, the Fed will announce its interest rate decision at 21:00 in the evening after consumer price data from the USA is received. Following the decision, Fed Chairman Jerome Powell will hold a press conference.
The increase in stocks reduced oil prices
Oil prices fell after data showed an increase in crude oil and fuel stocks in the United States. After the increase in US oil stocks, concerns about the decrease in demand for oil and excess supply appeared again.
While the nearest term barrel price of Brent crude oil decreased by 1.4 percent to 40.59 dollars, the US light crude oil decreased by 1.9 percent to 38.22 dollars. According to API data, US crude oil stocks increased by 8.4 million barrels in the week of June 5.
showed.
Source: https://www.dunya.com/finans/haberler/dolartl-678de-borsa-artida-haberi-472355
