Although an agreement has been reached in principle on increasing the debt limit in the USA, whether the bureaucratic process can be completed in the remaining limited time feeds the risk perception.

Analysts said that if the bill, which must be approved by Congress and the Senate, is not signed on time, volatility in the markets is expected to increase, and this situation may narrow the policy area of ​​the US Federal Reserve (Fed), which has not yet achieved the desired results in the fight against inflation.

Analysts said that if the debt limit is increased, the US Treasury is expected to sell approximately 1 trillion dollars worth of bonds by the end of the third quarter.

Analysts pointed out that the selling pressure may increase in the bond markets in the coming period and said that the increasing dollar demand may also suppress asset prices, especially commodity prices.

While the dollar index is currently hovering at 104.4, the highest of the last 2.5 months, the ounce price of gold is at $1,936 after testing its lowest level since March 17 at $1,933.

Before the non-farm employment data to be announced on Friday, it is predicted that the Fed will increase interest rates by 25 basis points with a 60% probability in the pricing in the money markets, while the guidance of the Fed officials with today’s words is also in the focus of the investors.

While there were no transactions in the New York stock market yesterday due to the holiday, index futures contracts in the USA started the day with an increase.


While a sales-heavy trend emerged in Europe yesterday, the duality of inflation and recession complicates asset pricing in the region.

While the members of the European Central Bank (ECB) continue their “hawk” rhetoric, the inflation data to be announced in the region this week are expected to have an impact on the direction of the markets.

Yesterday, DAX 40 index decreased by 0.2 percent in Germany, CAC 40 index decreased by 0.21 percent in France and MIB 30 index decreased by 0.36 in Italy. Index futures contracts in Europe started the new day with a buying-heavy course.


While a mixed course stands out in Asian markets, concerns about the economy in China continue to support the risk perception.

While the selling pressure in the Chinese companies traded on the Hong Kong stock exchange is strengthened by the concerns about the economic activity in the country and the increasing geopolitical risks, the upward trend of the semiconductor chip producing companies in the region continues.

According to the macroeconomic data announced in the region today, while the unemployment rate in Japan fell to 2.6 percent, Bank of Japan (BoJ) Governor Ueda Kazuo said that they will continue their expansionary monetary policies as long as necessary.

While the Nikkei 225 index increased by 0.3 percent in Japan and the Kospi index in South Korea by 0.9 percent, the Shanghai composite index in China decreased by 1 percent and the Hong Kong Hang Seng index decreased by 0.7 percent.

Domestic markets

BIST 100 index in Borsa Istanbul, which followed a buying-heavy course in the domestic market yesterday, finished the day at 4,768.56 points, 4.10 percent above the previous closing.

Dollar/TL is trading at 20.2310 at the opening of the interbank market today, after closing at 20.1038 with an increase of 0.7 percent yesterday.

Analysts stated that the foreign trade balance in the country, the consumer confidence index in the Euro Zone abroad, the housing price index in the USA, the consumer confidence index and the Dallas Fed manufacturing industry index will be followed, and technically, the BIST 100 index will reach the levels of 4,800 and 4,900. resistance noted that 4,650 points are in support position.

The data to be followed in the markets today are as follows:

10.00 Türkiye, foreign trade balance in May

12.00 Eurozone, may consumer confidence index

16.00 US, March housing price index

17.00 US, May consumer confidence index

17.30, USA may Dallas Fed manufacturing index

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