Global markets are on the rise with China data

Global markets managed to recover very quickly from the negative atmosphere experienced in the first trading hours of the week. Yesterday’s positive atmosphere in the US and European stock markets carried over to this morning along with the Asian stock markets. While Asian stock markets rose after data showing that the manufacturing sector in China grew above expectations in June, the data was a hopeful sign for the global economy trying to recover from the great destruction caused by the coronavirus crisis. While strong housing data and expectations for a new incentive package were effective in yesterday’s gains in the US stock markets, US futures moved horizontally.

Dollar and euro are calm; Borsa Istanbul is in the plus

Domestically, the calm course of TL against the dollar and euro continues today. While Dollar/TL is valued at 6.85 levels, where it has been stuck for days, transactions in Euro/TL are carried out at 7.70. In parallel with the optimism in world stock markets, the BIST 100 index at Borsa Istanbul rose by 0.50 percent to 116,426.14 points at the opening.

Limited decline in oil

Oil prices are on track for the resumption of oil production by the Libyan National Oil Company.
optimism about the recovery in fuel demand as talks indicate progress and
It declined as the expected increase in supply pressured the market.

A barrel of Brent oil decreased by 0.2 percent compared to yesterday at $41.70; US light crude oil is traded at $39.45.

Gold is at the level of 1770 dollars

Gold is hovering near an eight-year high as the increase in coronavirus cases and concerns about the impact of the epidemic on the economy revived safe haven demand. Gold is poised to record its best quarterly performance in more than four years. The ounce price of gold in the spot market is at $1,771.30, $7.76 below the eight-year high of $1,779.06 hit last week.

Source: https://www.dunya.com/finans/haberler/kuresel-piyasalar-cin-verisunu-yukseliste-haberi-473917

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