While concerns about the coronavirus outbreak in global markets increase with the latest data announced, domestic developments in Syria and the industrial production index to be announced today will be followed.
Despite the weak data agenda in the USA yesterday, it was seen that the upward trend in the stock markets and the dollar index continued. The Dow Jones index gained 0.94 percent, the S&P 500 index gained 0.65 percent and the Nasdaq index gained 0.90 percent, achieving the highest closings of all time.
The dollar index, on the other hand, continues its upward trend due to the problems in the European economy, especially in Germany, and the strength of the employment market in the USA. The dollar index, which gained 0.3 percent yesterday, rose above 99 for the first time since October 10, 2019.
On the European side, although the Eurozone industrial production data announced yesterday was below expectations with a 4.1 percent contraction, the upward trend in the stock markets continued. DAX index in Germany gained 0.89 percent, FTSE 100 index in England gained 0.47 percent and CAC 40 index in France gained 0.83 percent. Euro/dollar parity fell below 1.09, which analysts described as support. Analysts said that if the parity remains below 1.09, 1.0770 and 1.0500 levels may come to the agenda.
The data announced today regarding the new type of coronavirus epidemic in China caused the markets to turn negative. With the increase in the number of deaths by 242 in China’s Hubey province in the last 24 hours and the increase in the number of detected cases gaining momentum, there is a decrease in Asian stock markets and oil prices, and an increase in the ounce price of gold.
According to the “Nationwide New Type Coronavirus Outbreak Instant Developments” data, one of the platforms that instantly monitor the epidemic situation in China online, the loss of life across the country increased to 1368 and the total number of cases increased to 59 thousand 883.
With these developments, near the closing, the Shanghai composite index in China lost 0.7 percent and the Nikkei 225 index in Japan lost 0.3 percent in value, while the barrel price of Brent oil decreased by 0.6 percent to 55.7 dollars. The ounce price of gold increased by 0.5 percent to 1,575 dollars.
While diplomatic relations with the USA and Russia regarding Syria remain at the center of the agenda domestically, the increase in stock and sector-based movements in Borsa Istanbul, with the impact of the announced balance sheets, attracted attention. While the BIST 100 index completed the day yesterday with an increase of 0.21 percent at 120,048.74 points, the banking index lost 1.75 percent of its value.
Dollar/TL, which closed at 6.0453 with an increase of 0.5 percent yesterday, is traded at 6.0470 at the opening of the interbank market today.
Analysts stated that despite the tension with Russia in Syria, the continuation of diplomatic negotiations and the statements made by the USA and NATO supporting Turkey’s position regarding Idlib limited the negative atmosphere in the markets, and that the statements from the parties were followed after the tension between the US soldiers and the Assad regime forces yesterday. told.
Yesterday, US soldiers killed 1 regime element in a fight with Bashar Assad regime forces that stopped them in the Hasakah region of Syria, and US warplanes hit 2 military points belonging to the regime. In its statement on the issue, the Russian Ministry of Defense claimed that US soldiers opened fire on people in the Hasakah region of Syria.
Analysts stated that domestic industrial production and inflation data in the USA stand out in today’s data agenda, and from a technical perspective, 121,000 and 122,500 levels in the BIST 100 index are resistance, 118,200 is support, and 6.05 resistance in dollar/TL stands out. noted.
Economists participating in the survey conducted by AA Finance expect the unadjusted industrial production index to increase by 7.2 percent in December 2019 compared to the same period of the previous year. It is estimated that the calendar-adjusted industrial production index will increase by 6.8 percent on an annual basis in December.
The data to follow in the markets today are as follows:
10.00 Türkiye, December industrial production
10.00 Germany, January Consumer Price Index
14.30 Türkiye, weekly money and bank statistics
16.30 USA, January Consumer Price Index
16.30 USA, weekly unemployment claims
Source: https://www.aa.com.tr/tr/ekonomi/yurt-ici-piyasalar-sanayi-uretimi-verisine-odaklandi/1732567
