Global markets had a directionless start to the day. US futures and Asian stock markets are mixed with slight gains and minuses.
US stock markets continued their rise yesterday, ignoring the violent protests in the country. The Dow Jones index gained more than 500 points and rose by 2.01 percent to 26,259.88 points. The S&P 500 index increased by 1.34 percent to 3,122.20 points and the Nasdaq index increased by 0.78 percent to 9,682.91 points.
The European Central Bank’s interest rate decision and statements regarding asset purchases will be closely watched in the markets today. No interest rate change is expected from the ECB today. Following the decision, President Christine Lagarde will hold a press conference. The decision will be made at 14.45 TSI, the meeting will be held at 15.30. Weekly money bank statistics will be announced domestically.
Dollar/TL, which was around 6.72 throughout the night, started to rise in the morning and exceeded 6.75. Euro/TL changes hands at 7.58.
Uncertainty regarding the OPEC+ meeting pushed oil prices down
The news that Saudi Arabia and Russia agreed to extend the production cut for 1 month, but stipulated that all OPEC+ members fully comply with the agreement, caused oil prices to decline in international markets.
The news that the OPEC+ meeting would be held on June 9-10 as originally planned, but was postponed to mid-June, also played a role in the decline in prices. In addition, the US stock data announced by the DOE, indicating that gasoline stocks increased three times the expectations and distillate product stocks increased four times the expectations, also pulled prices down.
On ICE, Brent oil is currently trading at $39.22/barrel, down 57 cents compared to yesterday. West Texas Intermediate oil lost 75 cents at $36.54/barrel on NYMEX.
Source: https://www.dunya.com/finans/haberler/dolartl-gune-yukselisle-basladi-haberi-471907
