Global markets had a pessimistic start to the last trading day of the week. The indices, which declined yesterday with the sales accelerating towards the closing in the US stock markets, also brought sales to the Asian stock markets this morning. While negatives, albeit limited, are observed in all Asian stock markets, losses are also experienced in US futures indices.
Dollar/TL balanced at 6.96-6.97 levels
Trading will take place today in Turkish markets, which were closed yesterday due to the April 23 holiday. Dollar/TL, which tested above 7 lira for the first time since August 2018 on Wednesday evening, stabilized at 6.96-6.97 levels with the market announcement today.
Dollar/TL, which had a volatile day in international markets yesterday, moved in a wide range between 6.99 and 6.92.
Horizontal trend with slight increase in the stock market
The BIST 100 index, which increased by 0.28 percent to 98 thousand 449.46 points, continues its calm course after the opening. Today, due to the effect of the curfew, transaction volumes in Borsa Istanbul are expected to remain lower than the daily averages.
Intense data agenda both inside and outside
After the capacity utilization rate and the real sector confidence index announced with the opening of the domestic markets, in the afternoon the weekly routine money bank statistics, which could not be announced yesterday due to the April 23 holiday, will come. In addition to intense data flows in global markets, balance sheets from US companies will be followed.
Oil prices continue to rise
Kuwait state news agency KUNA announced that Kuwait has started to cut oil production without waiting for the OPEC + agreement, which will come into force on May 1. The rise in oil prices, which started yesterday, continues its rise as of this morning, following the news from Kuwait. While Brent oil was valued above 22 dollars, US crude oil exceeded 17 dollars.
China lowered interest rates; Japan is discussing lifting limits on bond buying
The Central Bank of China has added a new one to the interest rate cuts it has made in the last few weeks to support the economy. The bank reduced the targeted medium-term loan facility (TMLF) interest rate by 20 basis points from 3.15 percent to 2.95 percent for a 1-year maturity. Japanese Finance Minister Taro Aso stated that they have not had any discussions with the BOJ on whether to lift the annual bond purchase ceiling within the framework of efforts to prevent the coronavirus epidemic from causing an economic contraction.
Source: https://www.dunya.com/finans/haberler/dolartl-haftanin-son-gununde-sakin-haberi-468606
