Although the US stock markets closed in the positive, US futures are in the negative as of this morning due to the possibility of profit sales… It is a directionless day in Asian markets. Although it is not that effective at the moment, the rising tension between the USA and China is a candidate to be a new pressure factor for the markets.
Domestically, the Central Bank’s interest rate decision is expected. Economists agree that the CBRT will reduce interest rates by 50 basis points. Before the decision, dollar/TL was 6.78 per day; While euro/TL changed hands at 7.44 levels, Borsa Istanbul started the day at 102 thousand 418 points, with an increase of 0.28 percent.
Fall in US inventories pushes oil prices up
Oil prices reached the highest in the last 10 weeks. Today’s rise is due to the decline in oil stocks, which are expected to increase in the USA. With the impact of these data indicating an improvement in the supply outlook and expectations of improvement in demand, the barrel price of Brent oil rose above 36 dollars today. The barrel price of US crude oil is around 34 dollars.
Source: https://www.dunya.com/ekonomi/dolartl-678de-borsa-artida-haberi-470843
