7 Aralık 2021

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Global markets focus on central banks’ directions

Analysts will focus on speeches by US Federal Reserves (Fed) officials and European Central Bank Governor on Friday as global markets sign mixed figures.

On Thursday, Philadelphia Fed Manufacturing Index exceeded expectations and reached a seven-month high, while initial jobless claims surpassed forecasts with 268,000.

Thursday’s markets focused on verbal directions by Fed governors.

Atlanta Fed Governor Raphael Bostic said Thursday that policy rates can be changed at the end of the year, while New York Fed Governor John Williams’ expectation for price increases for the future raised.

Analysts said Fed governors’ verbal directions will continue on Friday.

Gerry Rice, IMF spokesperson, said on Thursday that supply chain problems and inflation expectations can make inflation permanent in some parts of the world.

On Thursday, the 10-year US bond yield was 1.59, while the US dollar index was at 95.6 after hitting a 16-month high at the beginning of the week with 96.2.

On Thursday, the US stock markets closed with mixed figures: S&P 500 and Nasdaq indices were positive while Dow Jones lost 0.17%.

In Europe and Asia markets, indices closed the day in red.

On Friday, Japan’s inflation figure was 0.1% in October — below forecasts.

In Turkey, the Central Bank lowered policy interest rate by 100 basis points to 15%.

Turkey’s BIST 100 stock exchange index closed Thursday on record by increasing 1.75% to 1,736.88 points.

The USD/TRY exchange rate hit the highest level with 11.3 — closing Thursday at 10.97 and is at 11.1 currently.

Analysts will monitor the UK retail sales and EU producer price indices on Friday.

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