The June futures contract was traded at 5.125.00 level in the opening session, 0.1 percent above the previous normal session closing.

The index contract, which followed a selling course yesterday, closed the regular session at 5,120.00 points, 0.5 percent below its previous closing. The index contract rose to 5,123.50 points in the evening session.

Analysts stated that the global stock markets followed a mixed course with the debt limit crisis in the USA and uncertainties regarding the monetary policy of the US Federal Reserve (Fed).

Analysts stated that the news flow that the debt limit crisis could be resolved soon was welcomed by the markets, but said that expectations regarding the Fed’s monetary policy became uncertain again after the macroeconomic data announced yesterday.

According to the data released yesterday, the US economy grew by 1.3 percent in the first quarter of this year, above the expectations, while the increase in the personal consumption expenditures price index was recorded as 4.2 percent in the same period.

Recalling that US President Joe Biden said that they had several productive meetings with the Speaker of the House of Representatives, Kevin McCarthy, on the debt limit, the negotiators continued their talks and said that progress was made.

Analysts stated that today, in the USA, the news flow regarding the US debt limit crisis will be followed, along with personal income and expenditures, durable goods orders and the University of Michigan’s May consumer confidence index data. He noted that 5,000 points are in the support position.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *