How much is $/TL?
Global markets turn cautious ahead of Fed
Global markets are adopting a cautious stance ahead of tomorrow’s Federal Reserve monetary policy decision and US inflation data.
While hopes are growing that major global central banks have put an end to the fight against inflation, macroeconomic data released in the United States is sending mixed signals about the country’s economy, making it difficult to price.
Analysts noted that U.S. Consumer Price Index (CPI) data due tomorrow and Producer Price Index (PPI) data on Thursday could also give signals about the Fed’s future monetary policy. He reported that the probability of the Fed making its first rate cut in September was 55%, compared to 83% in November.
There was a widespread negative trend in European stock markets yesterday, but the gains of far-right parties in the European Parliament (EP) elections and the dissolution of the French Parliament had an effect on this trend.
Asian stock markets were mixed, with weak demand during the Dragon Boat Festival holiday in the region weighing on tourism company shares.
The dollar/yen parity has continued its upward trend for three consecutive trading days and is currently trading at 157.29, 0.2% higher than the previous closing price.
Here are some notable figures for today’s market:
• 10.00 Turkiye April retail sales
