The August futures contract was traded at 8.382.00 in the opening session, 0.3 percent above the previous normal session closing.
The index contract, which followed a selling course yesterday, closed the regular session at 8,356.00 points, 1.7 percent below its previous closing. The index contract partially compensated for its losses in the evening session, rising to 8,376.75 points.
While global markets continue to seek direction with uncertainties regarding monetary policies, today’s eyes are on the intense macroeconomic data agenda to be announced around the world.
The US and Chinese economies continue to influence investor decisions for different reasons.
While the concerns about the economic activity in China come to the fore, the data flow that the US economy continues to be tight raises the question marks about the future policies of the US Federal Reserve (Fed).
Inflation concerns persist in the US
Analysts stated that the selling pressure in the bond markets indicates that inflation concerns are still strong in the USA, and that the eyes are turned to the intense macroeconomic data calendar and the messages that Fed Chairman Jerome Powell will give in his speech at the Jackson Hole Economic Policy Symposium on Friday.
On the other hand, analysts stated that chip maker Nvidia is expected to announce company financial results today, and the results of the company’s profitability, which constitutes 3 percent of the weight of the S&P 500 index, may increase the volatility in the markets.
Analysts stated that today, the consumer confidence index in the country, the Purchasing Managers Index (PMI) data of the manufacturing industry and services sector around the world, and the data on new home sales in the USA will be followed. and noted that 8,550 points are in the resistance position.