Global Markets Await US Inflation Data

Global markets are waiting for US inflation data. In addition to inflation data, the bond auction is also on the agenda of the markets.

Global markets await US inflation data. For global markets that have been experiencing a turbulent period due to bond yields for a while, an important data agenda will be followed today. Tech stocks, which experienced a sharp decline with the "valuation rotation" on Wall Street the previous day, started to rise again on Tuesday with the retreat in the US 10-year bond yield, while the Nasdaq 100 index increased by almost 4 percent. This level was recorded as the biggest daily increase the index has seen since November. Tesla's stock was valued by 20 percent before it was reported that security cameras were accessed in a major hacking operation. The S&P 500 index, which closed the day with an increase of 1.42 percent, saw sales only in the finance and energy sectors.   Asian Indices Are Positive While the Wall Street indices declined in the first transactions, the Asian indices seem to be in a generally positive atmosphere under the leadership of the Chinese Stock Exchange. Although the state-backed funds known as the "National Team" in China intervened in the markets, the CSI 300 index closed Tuesday with a loss of more than 2 percent. The index fell 14 percent from its 13-year peak in February in just 14 days.   Inflation Data Will Be Monitored Carefully in the USA As the economy started to recover, concerns that inflation will start to rise and the FED may slow down the rate of bond purchases dominated the market, while the US consumer inflation data for February will be released. Another important development will be the 10 and 30-year bond auctions to be held in the country. After the low demand for the 7-year bond auction in the USA last month, fluctuations were observed in the global markets. Accordingly, the demand for this week's auctions is expected to determine the direction of the markets. The US Treasury plans to borrow a total of $ 120 billion this week.