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The rise of world stock markets accelerated

As expected in last night’s impeachment trial vote in the US Senate, with the acquittal of US President Donald Trump, the news that China will start reducing customs tariffs, and private sector employment exceeding the forecasts in January, records were broken in the New York stock market. Yesterday, the S&P 500 index and the Nasdaq index increased by 1.13 percent and 0.43 percent, improving their closing records, while the Dow Jones index increased by 1.68 percent and finished the day just below its historical peak.

In the statement made by the White House regarding the acquittal of President Donald Trump in the USA, “President Trump is pleased to put the last chapter of this shameful behavior by the Democrats behind, and looks forward to working on behalf of the American people in 2020 and beyond.” evaluation was made.

Analysts stated that expectations have increased that the impeachment process will take place as expected and that Trump will be re-elected as president in the elections to be held at the end of this year, after both the primaries and the survey results.

On the European side, while post-Brexit trade negotiations remain at the center of the agenda, today’s speech by European Central Bank (ECB) President Christine Lagarde at the European Parliament session titled “Monetary Dialogue” and British Trade Minister Liz Truss’s speech on the relationship between the UK and the US The draft road map to be announced regarding free trade negotiations will be followed.

According to the data announced yesterday, after the service sector Purchasing Managers Index in the Eurozone exceeded expectations, the DAX index in Germany increased by 1.48 percent, the FTSE 100 index in the UK increased by 0.57 percent and the CAC 40 index in France increased by 0.85 percent. recorded an increase.

While the rises in Asian stock markets gained momentum today, following the news that China will reduce the customs tariffs it applied to the USA on February 14 and that drug development studies for the coronavirus are accelerating, the barrel price of Brent oil gained approximately 2 percent in value. Near the close, the Nikkei 225 index in Japan increased by 2.6 percent and the Shanghai composite index in China increased by 1.5 percent.

Domestically, the BIST 100 index, which moved in an upward trend yesterday and reached 123,629 points, gave back a significant part of its gains with profit sales that increased their effect at this level and completed the day at 122,321 points with a 0.15 percent gain compared to the previous close. Dollar/TL, which closed at 5.9805 yesterday, is traded at 5.9831 at the opening of the interbank market today.

Stating that the developments regarding Syria as well as the news and data agenda abroad will be decisive on investor decisions, analysts said that technically, as long as the BIST 100 index remains above 122,200, the levels of 123,900 and 125,500 may come to the agenda.

Analysts stated that the dollar/TL squeeze within the narrow band of 5.97-5.99 is being followed, and if these levels are broken, the movement towards the break may gain momentum.

The data to follow in the markets today are as follows:

10.00 Germany, December factory orders

12.00 Eurozone, ECB economic bulletin

14.30 Türkiye, weekly money and bank statistics

16.30 USA, weekly unemployment claims

Source: https://www.aa.com.tr/tr/ekonomi/dunya-borsalarinin-yukselisi-hizlandi/1725892

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