Global markets started positive with China inflation data

Global markets started the day on an upward note, led by Asian stock markets. Better-than-expected inflation data in China is effective in the optimistic atmosphere in Asia. The MSCI index, which tracks Asia-Pacific stock markets outside Japan, rose 0.6 percent to hit its 20-week peak. The uninterrupted rise in Chinese stock markets continued. Japan’s Nikkei index also rose 0.9 percent. After the US stock markets closed with increases yesterday, horizontal movements are noticeable in US futures. In the US stock markets, all eyes are on the upcoming balance sheet period. Next week on Tuesday J.P. Morgan, Citigroup and Wells Fargo, and Microsoft and Netflix will announce their balance sheets on Thursday.

As the horizontal course of the dollar/TL in the country approaches the end of its third week, the exchange rate started this morning at 6.85. As of 08:30, dollar/TL was changing hands at 6.8590 and euro/TL was changing hands at 7.8040.

Gold fell slightly from its 9-year peak

Gold prices predict that the increase in the number of coronavirus cases will lead to a rapid global economic recovery.
It held above the critical $1,800 threshold, shaking expectations.

The ounce price of gold in the spot market is at its highest since September 2011
It is trading at $1,808.44 after seeing the level of $1,817.71. US gold futures are flat at $1,819.80.

Oil declined due to epidemic measures

Oil prices are affected by the coronavirus bans re-enacted in the USA and the decrease in oil demand
It declined, overshadowing the signs of recovery. While the barrel price of Brent oil decreased to 43.20 dollars, US crude oil is at 40.75 dollars.

Source: https://www.dunya.com/finans/haberler/kuresel-piyasalar-cin-enflation-verisunu-sosyal-basladi-haberi-474743

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