Markets made an optimistic start to the new week. While US futures opened around 0.5 percent positive, transactions in all Asian stock markets are at a premium. Especially in the Japanese stock market, the increase has exceeded 2 percent. The rise in the markets is influenced by the prediction that most companies will exceed the expectations they lowered due to coronavirus measures during the balance sheet publishing period that will start this week in the USA.
The agenda of the day is quite busy… While waiting for industrial production data for May in the country, dollar/TL is at 6.86; Euro/TL changes hands just below 7.70.
The US balance sheet period begins; Growth data is expected from China
The US balance sheet period, which will start this week, will be an indicator to understand the damage of the epidemic and the extent of economic recovery. Among these companies, Goldman Sachs is expected to announce its balance sheet on Wednesday, while Morgan Stanley will publish its balance sheet on Thursday. Investors will follow China’s trade data to be announced this week, as well as China’s second quarter growth data to be announced on Thursday.
Oil prices are falling
At the meeting of the OPEC Technical Committee to be held this week, investors will
While the proposal for a reduction in cuts follows expectations, oil is the first in Asian stock markets.
decreased in transactions. The nearest future barrel price of Brent crude oil decreased by 0.67 percent to $42.95. US light crude oil fell 0.79 percent to $40.23.
Gold is hovering above $1800
Gold prices rise on concerns about weakening dollar and rising coronavirus cases
rose. The ounce price of gold in the spot market increased by 0.3 percent and traded at 1,803.80.
Source: https://www.dunya.com/finans/haberler/piyasalar-yeni-haftaya-iyimser-basladi-haberi-474998
