Markets are optimistic on the last day of the week

The coronavirus epidemic and US-China tension continue to play a decisive role in the direction of global markets. After Wall Street closed the day with a decline yesterday, an upward movement is observed in the futures indices. Expectations that the new coronavirus aid package introduced in the USA would be larger than initially stated and that this would compensate for the negative effects of the increase in the number of cases were effective in turning the tide in the markets.

While green screens attracted attention in Asian stock markets on the last day of the week, Chinese stock markets are on a horizontal course after yesterday’s sharp losses. The MSCI index, which tracks Asia-Pacific stock markets outside Japan, rose 0.5 percent, recovering a quarter of the losses it suffered the previous day. Japan’s Nikkei index is also flat.

Domestically, dollar/TL continues its calm course that has been going on for weeks. Dollar/TL changes hands at 6.85 and Euro/TL changes hands at 7.80.

Oil market is calm

While major oil producers were preparing to relax production cuts, oil prices remained flat as the increase in coronavirus cases in many countries increased uncertainty about the recovery in demand.

The nearest future barrel price of Brent crude oil remained flat at $43.37. US light crude oil is also flat at $40.7.

Gains under gold remained limited

Gold prices fell sharply yesterday due to increasing concerns about coronavirus cases and
As the US-China tension increased the tendency towards safe havens, the currency remained close to the $ 1,800 level, but its gains remained limited due to the strong dollar.

The ounce price of gold in the spot market increased by 0.1% to 1,797.52.

Source: https://www.dunya.com/finans/haberler/haftanin-son-gununde-piyasalar-iyimser-haberi-475415

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