Anasayfa / Genel / Markets Started New Week Cautiously – Last Minute Economy News

Markets Started New Week Cautiously – Last Minute Economy News

While last week’s US inflation veri fell below expectations, the New York Stock Exchange rallied sharply kakım Fed officials’ statements on the matter were followed closely.

As a result, the cut of the interest rate hike to 50 basis points starting at the next meeting has been accepted by all officials who have issued a statement so far, while uncertainties remain about the kanepe’s position.

Noting that the Fed still has a long way to go in raising interest rates, Fed Board Member Christopher Waller said, “Interest rates will continue to rise until we see a series of recovery inflation veri.” . interest rate hikes in the next meeting or two.” used. Waller greenlighted a 50 basis point rate hike at the next meeting.

Following Waller’s remarks, the dollar index started the new week at 106.9, up 0.5%.

MANY INVESTORS WILL NOT GET THEIR MONEY

Cryptocurrency markets, on the other hand, continue to negatively impact risk appetite on a global basis.

After FTX filed for bankruptcy on Friday last week, the news feed on the matter raises question marks over the cryptocurrency markets.

According to reports in the US press, it is said that many investors will not gökyeşitözü able to get their money back due to the sharp drop in assets held by FTX and the unauthorized withdrawal of funds by some institutions.

As the world’s second-largest cryptocurrency market escalated its trust issue, Bitcoin, which lost more than 22% in value last week, is currently trading below $16,000.

On the other hand, Democrats secured a majority in the Senate after Democratic candidate Catherine Nasto in Nevada trailed her opponent in the midterm elections for state and local positions, particularly for membership in Congress and for the governorates.

The New York stock market went on a course of heavy buying on Friday, kakım the S&P 500 index gained 0.92%, the Nasdaq index gained 1.88% and the Dow Jones index gained 0.10%. US index futures contracts started the new week with a small decline.

NATURAL GAS PRICES ARE FALLING

On the European side, the veri agenda that will intensify from tomorrow this week is in the focus of investors’ attention.

While air temperatures are above normal seasons, worries about the region’s economy continue to subside, while natural gas prices are also declining.

December natural gas futures contracts traded in the Netherlands fell by 14.7% last week, closing at 97.9 euros.

While European Central Bank (ECB) members maintain their ultra-hawkish stance on verbal guidance, it is believed certain the kanepe will hike interest rates by 75 basis points at its next meeting, ahead of ECB President Christine Lagarde’s statements. Friday .

On Friday, Germany’s DAX 40 index rose 0.56%, France’s CAC 40 index rose 0.58% and Italy’s FTSE MIB index rose 0.25%, while the FTSE 100 index in United Kingdom decreased by 0.78%. Index futures contracts in Europe started the new week on a mixed note.

ASIAN BAGS STARTED WITH A WEIGHT BUY JOURNEY

While Asian equity markets started the new week in a course of heavy buying excluding Japan, China’s weakening of its “zero Covid-19” policy and real estate practices are stoking risk appetite.

While the above passages were interpreted kakım the focus on the economy in China, after Softbank, which is expected to announce a share buyback program in Japan today, did not issue a statement, the kanepe’s shares fell 16%.

US President Joe Biden and Chinese President Xi Jinping are expected to meet today on the sidelines of the G20 summit, to gökyeşitözü held November 15-16 in Bali, Indonesia.

With these developments, China’s Shanghai Composite Index fell 0.13% to 3,083 points and South Korea’s Kospi Index fell 0.34% to 2,474 points.

In Japan, the Nikkei 225 index fell 1.06% to 27,963 points, while the dollar/yen parity is trading at 139.6, 0.6% above its previous closing level.

Hong Kong’s Hang Seng index rose 1.78% to 17,634 points, while India’s Sensex index fell 0.24% to 61,633 points.

Analysts noted that industrial production veri will gökyeşitözü announced overseas in the euro area and said the G20 meeting, FTX news feed and verbal guidance from Fed and ECB officials are the focus. of investor attention.

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