Uncertainties about what steps the Fed, which raised the policy rate by 25 basis points in its July meeting to the peak of the last 22 years with a range of 5.25-5.50 percent as part of the fight against inflation, will take in the rest of the year continue to affect asset prices.

According to data announced yesterday in the country, the number of people applying for unemployment benefits for the first time decreased to 216 thousand, falling below expectations and falling to the lowest level since February.

Analysts stated that, following the recently announced data on the labor market, softening the employment market may be of critical importance within the scope of the Fed’s inflation fight program.

Reminding that the recent increases in energy prices may cause inflation to remain strong, analysts stated that a strong employment market may increase the Bank’s potential interest rate increase need.

While the verbal guidance of Fed officials regarding future policies is also in the focus of investors, New York Fed President John Williams noted that he expects the unemployment rate to increase next year and rise above 4 percent.

Williams also stated that he sees a risk of stronger growth than expected.

Chicago Fed President Austan Golsbee said, “We are rapidly approaching a time when our debates will no longer be about how much interest rates should rise.”

On the other hand, the US Federal Deposit Insurance Corporation (FDIC) reported that the profit of the banking sector in the country decreased by 11.3 percent in the second quarter of this year compared to the previous quarter.

In addition, Apple’s share price, which lost approximately 4 percent of its value after the news flow that the Chinese government banned public officials from using iPhones, also decreased by nearly 3 percent yesterday. The company’s market value approached a loss of $200 billion in the last 2 days.

Despite the tensions between the USA and China, Apple has the largest share in smartphone sales in China with 22 percent.

Following these developments, the dollar index, which completed the day at 105 with an increase of 0.1 percent yesterday and achieved its highest daily closing since March 9, is currently at 104.9, 0.1 percent below its previous closing.

The ounce price of gold, which gained value after the rise in US bond interest rates stagnated, is currently trading at $1,925, 0.3 percent above its previous close.

Yesterday, the Dow Jones index in the New York Stock Exchange increased by 0.17 percent, while the S&P 500 index decreased by 0.33 percent and the Nasdaq index decreased by 0.89 percent. Index futures contracts in the USA also started the new day with a mixed course.


Europe

While a mixed trend was observed in European stock markets, all eyes turned to inflation data in Germany today.

Analysts stated that the dilemma of inflation and recession continues to exist in the region, and that the verbal guidance of the European Central Bank (ECB) officials is also in the focus of investors.

On the other hand, market expectations for inflation to be announced in Germany today are for it to be 6.1 percent annually.

Yesterday, the DAX 40 index in Germany decreased by 0.14 percent and the FTSE MIB 30 index in Italy decreased by 0.20 percent, while the CAC 40 index in France gained 0.03 percent and the FTSE 100 index in the UK gained 0.21 percent. Index futures contracts in Europe started the new day with a mixed course.


Asia

A negative trend emerged in Asian markets.

According to data announced today in Japan, gross domestic product (GDP) in the second quarter was below expectations at 4.8 percent annually. Following the data, it was seen that sales pressure increased throughout the region.

On the Chinese side, the dollar/yuan parity has continued its upward trend for the 5th consecutive trading day due to increasing concerns about the country’s economy, while the parity is at its peak in the last 16 years due to the depreciation of the yuan.

On the other hand, it was reported that China’s foreign exchange reserve assets decreased by approximately 44 billion dollars at the end of August compared to last month, falling to 3.16 trillion dollars.

Near the close, the Nikkei 225 index in Japan lost 1.4 percent, the Shanghai composite index in China lost 0.3 percent and the Kospi index in South Korea lost 0.4 percent.

Markets in Hong Kong were closed due to weather conditions.


Domestic markets

Domestically, Borsa Istanbul’s BIST 100 index, which followed an upward trend yesterday, completed the day at 8,337.67 points with a 1.91 percent gain in value, achieving the highest daily closing of all time, and broke its highest level record to 8,358.03 points.

Yesterday, risk appetite increased in Borsa Istanbul when World Bank Turkey Country Director Humberto Lopez announced that, in addition to the ongoing 17 billion dollar program, they plan to prepare and present new operations worth 18 billion dollars to the World Bank Board of Directors within three years.

The news flow that the credit rating agency Moody’s evaluated Turkey’s recent return to traditional economic policies positively in terms of a stronger credit rating was one of the developments that were effective in the relevant rise.

On the other hand, the Capital Markets Board (CMB) decided that Hat-San Gemi İnşaat Maintenance and Repair Deniz Nakliyat Sanayi ve Ticaret AŞ was sold at 22.60 lira, Reeder Teknoloji Sanayi ve Ticaret AŞ at 9.30 lira and Adra Gayrimenkul Yatırım Ortaklığı AŞ at 9.30 lira. It announced that it had approved its initial public offering at 22.66 lira.

Analysts stated that the expected Turkey evaluation report of the international credit rating agency Fitch Ratings has become the focus of investors in the country today, and stated that inflation in Germany and wholesale stocks in the USA will be followed abroad.

Stating that from a technical perspective, 8,400 and 8,500 levels stand out as resistance in the BIST 100 index, analysts noted that 8,300 and 8,200 points are in a support position.

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