Screens turned green in global markets

There is an optimistic atmosphere in global markets. News of progress in ongoing vaccine studies against coronavirus and support packages in both the USA and Europe stand out as developments that feed optimism in the markets. While the 1 trillion dollar support package remains on the agenda in the USA, EU leaders agreed on a 750 billion euro stimulus plan as a result of negotiations that have been ongoing for 5 days. In light of all these developments, green screens are seen throughout Asia, while US futures markets are also on a positive note.

The MSCI index, which tracks Asia-Pacific stock markets outside Japan, rose 1.5 percent and approached its highest level in the last four months this month. Japan’s Nikkei index rose 0.6 percent. In the US stock markets, Nasdaq broke a record by increasing 2.51 percent, with the rise of technology stocks, which have been horizontal for several days. The S&P 500 index also hit a five-month high. After the stock markets closed with a record in New York, Nasdaq futures were around 0.50 percent this morning; S&P and Dow Jones futures are up around 0.20 percent.

In the domestic market, the new day in which the Treasury auctions will be monitored started at the level of 6.85 dollar/TL, while euro/TL opened at 7.84 level. The euro rose 0.2 to $1.1470, the highest level since early March, before giving back some of its gains as a deal was already priced in. As of 08:30; dollar/TL 6.8580; euro/TL is valued at 7.8402 and euro/dollar parity is valued at 1.1430.

The first results of the COVID-19 vaccine are positive

The first results of human trials of the coronavirus vaccine developed by Oxford University indicate that the vaccine is safe and can train the immune system against the virus.

Oil continues to move in a narrow band

Oil prices rise due to new lockdown measures due to increasing coronavirus cases
In the last three years, with the expectation that oil demand will improve in response to concerns that
It continued to trade in the narrow band it has been stuck in for weeks.

The nearest future barrel price of Brent crude oil increased by 0.3 percent to 43.41 dollars.
traded. US light crude oil rose 0.07 percent to $40.84.

The closing prices of Brent and US oil have been in a $2 range since the beginning of the month.
is watching.

Gold is at the 1820 dollar limit; Silver is at its highest level in 4 years

While the gold price in international markets rose to the highest level since September 2011, the silver price also reached its highest level in 4 years. While the spot gold price rose to $1820.27/ounce this morning, the silver price reached $20.42/ounce.

Analysts stated that precious metal prices rose as a result of investors’ search for a safe haven due to concerns about the global economy and the increasing number of cases in the coronavirus epidemic, and that the first target for the gold price was 1,825 dollars per ounce.

As of 08:30, silver is traded at $20.29/ounce and spot gold is traded at $1819/ounce.

Source: https://www.dunya.com/finans/haberler/kuresel-piyasalarda-ekranlar-yeserdi-haberi-475723

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