Global markets focused on the data to be announced this week, after following a positive trend last week with pricing indicating that the worst of the coronavirus outbreak was over.
While US futures started the week with a slight increase, a mixed outlook prevails in Asian stock markets. While the NIKKEI Index in Japan closed at a plus of 1 percent, the Kospi index in Shanghai in China and South Korea recorded a decline of 0.1 percent and 0.2 percent, respectively.
Dollar/TL started calmly
Dollar/TL, which closed at 7.0871 on Friday, is traded at 7.0840 at the opening of the interbank market today.
Analysts stated that domestic unemployment data will be followed today, while there is no important data to be announced abroad, and noted that inflation in the USA, growth in Europe and industrial production data around the world will be the focus of investors throughout the week.
Stating that the news flow regarding the COVID-19 epidemic and the reopening of economies will also be decisive on the direction of the markets, analysts said that technically, the 97,200 and 95,500 levels in the BIST 100 index are support and 100,000 points are resistance.
Dialogue between the USA and China boosted the markets’ morale
The New York stock market, supported by the unprecedented support of the US Federal Reserve as well as the news that diplomacy continues between the US and Chinese officials, gained nearly 2 percent on Friday, while the dollar index decreased by 0.7 percent to 99.2. . Dow Jones index increased by 1.91 percent, S&P 500 index increased by 1.58 percent and Nasdaq index increased by 1.58 percent.
Non-farm employment data announced on Friday in the USA, due to the impact of the COVID-19 epidemic, decreased by 20.5 million people in April, recording a record decline, but remained below expectations of 22 million people. The unemployment rate in the country reached 14.7 percent.
Source: https://www.dunya.com/finans/haberler/dolartl-haftaya-sakin-basladi-haberi-469990
