5 March - Developments to be Followed by Markets

5 March - Developments to be Followed by Markets

Although concerns about the new type of coronavirus (Covid-19) outbreak continue in global markets, a positive course is followed with the measures taken regarding its effects on the economy. According to the results of the preliminary elections held in 14 states on Tuesday, which confronted the Democratic candidate candidates in the USA, Joe Biden, who had pulled the rope in 9 states, renewed confidence, while Bernie Sanders finished the preliminary elections in 3 states. In California, the delegate-rich delegate whose results have not yet been announced, Sanders is close to winning and Biden is ahead in Maine. Despite these developments, while the European stock exchanges were seen with an increase of more than 1 percent yesterday, the euro/dollar parity ended the day with an increase of 0.4 percent and ended the day at 1.1137 with a 0.4 percent decrease. Yesterday, the DAX index gained 1.19 percent in Germany, the FTSE 100 index in England gained 1.45 percent and the CAC 40 index in France gained 1.33 percent. The positive trend in the US and European exchanges has also moved to the new day with Asian markets. In close proximity, the Nikkei 225 index gained 1.2 percent in Japan, the Shanghai compound index in China 1.9 percent and the Kospi index in South Korea 1 percent. Prior to the meetings of the Organization of Petroleum Exporting Countries (OPEC) to be held in Vienna today and tomorrow, the price of barrels of Brent oil is trading at $ 52.1, with an increase of about 1 percent, while the ounce price of gold is flat at $ 1,640. The BIST 100 index, which has risen to the level of 113,000 yesterday within the country, declined with sales that increased its impact at this level and completed the day at 110.785,38 points with a decrease of 0.38 percent compared to the previous closing. On the other hand, the dollar / TL is trading at the level of 6.0830 at the opening of the interbank market today after it closed at 6.0782 with a decrease of 0.4 percent yesterday. Analysts said that the meeting between President Recep Tayyip Erdogan and Russian President Vladimir Putin is at the center of the markets. Erdogan is expected to go to Moscow at 10.30. Stating that the US factory orders data came to the fore in the data agenda, analysts stated that the news flow regarding the Covid-19 outbreak will be decisive on the direction of the markets. The data to be followed in the markets today are as follows: 14:30 Turkey, weekly money and banking statistics 16.30 USA, weekly unemployment applications 18.00 USA, January factory and durable goods orders