Anasayfa / Genel / Markets Focus on Statements from Fed Chairman – Breaking News

Markets Focus on Statements from Fed Chairman – Breaking News

As mounting recessionary pressures around the world continue to impact asset prices, expectations for upcoming monetary policy decisions by major central banks on a global basis are closely monitored.

While most Fed officials have signaled that ultra-hawkish steps may slow in their word-of-mouth guidelines in recent weeks, Powell’s statements on the economy and the labor market today are expected to clarify market expectations .

Third-quarter gross domestic product (GDP) signals, ADP private sector employment and JOLTS number of job vacancy veri on economic performance are estimated to increase volatility in country markets where prices of the recession have strengthened significantly .

Prior to today’s veri and announcements, money markets are priced in that the Fed will raise interest rates by 50 basis points with a 68% probability and a 32% probability of 75 basis points at its December meeting.

Strengthening expectations that China will abandon its “zero Covid-19” policy and the more-than-expected drop in oil inventories announced yesterday in the United States support oil prices.

DOWN INFLATION IN GERMANY

The price of a barrel of Brent oil is trading at $84.8, up 0.3 percent into the new day, after gaining 1.2 percent yesterday.

While a mixed course was seen in the New York stock market yesterday, with the downtrend in tech stocks to the fore, the S&P 500 lost 0.16% and the Nasdaq index fell 0.59%. The Dow Jones index, however, remained flat. Index futures contracts in the US started the new day higher.

While inflation remains the number one agenda item in Europe, inflation veri released yesterday in Germany pointed to a slowdown in inflation after a long time.

In Germany, the consumer price index (CPI) decreased by 0.5% month-on-month in November and increased by 10% year-on-year. Expectations were for the CPI to rise 10.3% in November.

While the easing of tensions in China, one of the region’s largest trading partners, has also positively impacted asset prices, investors are focused on whether there will gökyeşitözü a change of tone in the verbal guidance of European Central Bank (ECB) officials ) after yesterday’s decision German inflation veri.

Yesterday, while the DAX 40 index depreciated by 0.19 in Germany, the FTSE 100 index rose by 0.51 percent in the United Kingdom, the CAC 40 index rose by 0.06 percent in France and the FTSE MIB index rose by 0.10 percent in Italy. Index futures contracts in Europe started the new day higher.

DECREASE INDUSTRIAL PRODUCTION IN JAPAN

On the Asian side, the flow of news from China continues to positively influence the equity markets.

In China, the government has said it will focus on vaccinating the elderly population kakım a sign of a change in its strategy to fight the Covid-19 epidemic, which is causing growing social and economic hardship.

While these steps are estimated to gökyeşitözü the beginning of the return from the “zero Covid-19” policy, the perception is strengthening in the country that the government has focused on the economy.

Although the Japanese stock market deviated negatively from the macroeconomic veri announced in Japan, the near-close index is seen to have made up for most of its losses.

As a result, industrial production in the country fell by 2.6% on a monthly basis, below expectations. New construction in Japan also decreased by 1.8% year on year.

China’s Purchasing Managers’ Index (PMI) dropped to 48 in manufacturing and 46.7 in services.

With these developments, China’s Shanghai Composite Index rose 0.1% to 3,151 points and South Korea’s Kospi Index rose 1.6% to 2,472 points at the close.

In Japan, the Nikkei 225 index closed the day at 27,969 points, down 0.2%, while the dollar/yen parity stabilized at 138.4, 0.3% below the previous closing level.

Hong Kong’s Hang Seng index rose 1.9% to 18,555 points, while India’s Sensex index settled at 62,743 points, up 0.1%.

Follow News on social media


İlginizi Çekebilir

Dow Jones, enflasyon raporunun ardından tarihin en yüksek üçüncü kapanışını kaydetti, gözler Fed kararına çevrildi

ABD borsaları, yatırımcıların Çarşamba günü Fed’in faiz oranı duyurusunu beklemesi ve son enflasyon verilerinin faiz …

Bir yanıt yazın

E-posta adresiniz yayınlanmayacak. Gerekli alanlar * ile işaretlenmişlerdir

Bu site, istenmeyenleri azaltmak için Akismet kullanıyor. Yorum verilerinizin nasıl işlendiği hakkında daha fazla bilgi edinin.