The virus tension between the USA and China in global markets and the rapid rise in dollar / TL in domestic markets continue to put pressure. Telephone traffic between the USA and China increased the morale of the markets yesterday. On the last trading day of the week, US futures are up more than 1 percent, while there are premiums in all Asian stock markets. Japan’s NIKKEI 225, which appreciated around 2.5 percent in Asia, is up around 2.5 percent.
Dollar/TL balanced at 7.10
The dollar/TL exchange rate, which had a very active day yesterday, dropped to 7.07 after moving its historical levels above 7.27, and completed the day at 7.09. After falling to 7.09 levels in the morning, it dropped to 7.16. The exchange rate rises up to; After these levels, it started to decline again. At around 11:00, dollar/TL was at 7.1060; euro/TL was changing hands at 7.6980.
BIST is at 100 plus
BIST 100 Index in Borsa Istanbul rose to the day with the effect of the positive atmosphere in the world stock markets.
It started at 99 thousand 201 points with an increase of 0.82 percent. With the sales following the opening, BIST 100 Index moves in the 98.600-98.800 band.
Markets have their eyes on US employment data
Global markets will have their eyes on the US employment data, which will be announced today at 15:30 GMT. Economists expect the unemployment rate in the United States to reach 16 percent and the one-month employment loss to be around 22 million.
The recovery effort in oil prices continues
Oil prices in international markets continue their recovery efforts, supported by hopes that the easing of coronavirus measures will trigger an increase in demand. However, even if demand begins to recover, the assessment that stocks will continue to increase for a while prevents rapid increases in oil prices.
Today, Brent oil is traded at $30.30 per barrel, with an increase of around 3 percent compared to yesterday, and West Texas oil is traded at $24.66 per barrel, with an increase of 4.8 percent on NYMEX.
Gold prices are near a 2-week high
Investors’ search for a safe haven before the non-farm employment data to be announced today in the USA again pushed gold prices up. Concerns that the employment figures to be announced today will reveal a dark picture about the impact of the coronavirus on the US economy have caused some investors to turn to gold.
Spot gold reached the level of 1,720 dollars/ounce in international markets before the data, which is expected to indicate that non-farm employment in the USA showed a record decrease of 22 million in April. At 09.30, the ounce price of spot gold was at 1,718 dollars.
However, analysts state that the $1,750/ounce level must be exceeded for investors to show greater interest in gold.
Source: https://www.dunya.com/finans/haberler/dolartl-710-borsa-artida-haberi-469814
