Latest USD/TL situation after Fed interest rate decision
Global markets mixed post-Fed
Although US inflation showed signs of slowing yesterday, global markets saw mixed reactions as the Federal Reserve lowered its forecast for interest rate cuts this year from three to one.
Making pricing difficult are concerns that the Fed will maintain a tighter stance in fighting inflation for longer than expected.
Data released in the United States yesterday showed the Consumer Price Index (CPI) was flat on a monthly basis in May but rose 3.3% on an annual basis, still below expectations, making the country’s inflation rate flat on a monthly basis in May for the first time since July 2022.
Core CPI, which does not include variable energy and food prices, also rose 0.2% in May from the previous month, below expectations at an annualized rate of 3.4%. Core inflation was at its lowest since October 2023 on a monthly basis and since April 2021 on an annual basis.
Positive trends prevailed in European stock markets yesterday, but attention today turned to Eurozone industrial production data.
Analysts said rising risk appetite had shifted to Europe after German consumer price inflation rose as expected yesterday and US inflation data showed signs of slowing.
Asian stock markets were mixed, but investors’ attention tomorrow will be on the Bank of Japan’s (BOJ) interest rate decision.
Latest domestic situation
Analysts said that today, domestic focus will be on home sales, short-term external debt and weekly money and banking data, while overseas, Eurozone industrial production, US weekly jobless claims and PPI data will be the focus from a technical perspective. , They said that the BIST 100 index is at 10,200 and 10,200 with 10,300 level as resistance and 10,100 and 10,000 points as support.
Here are some notable figures for today’s market:
10:00 Turkiye, May home sales statistics
10.00 Turkiye, April short-term external debt statistics
12.00 Eurozone, April Industrial Production
14.30 Turkiye, weekly currency and banking statistics
15:30 US weekly jobless claims
15.30 US May Producer Price Index (PPI)
