Global Markets Today

Global Markets Today

What happened in the global markets today? Do fluctuations in gold, foreign exchange and oil prices continue as of August 25? You can follow the changes in global markets from our news below. Here are the details .. According to the news compiled by Reuters, at the beginning of the new day, Asian stock markets increased with the expectation that they will make progress in the US-China agreement negotiations and the rise of the US stock markets in this direction. Following the Asia-Pacific stock markets excluding Japan, the MSCI index .MIAPJ0000PUS gained 32 percent, reaching its highest level since the first month of 2020, and followed a course close to the highest level in the last two years. Japan's Nikkei index .N225 is up 1.5 percent, while the Australian stock markets .AXJO, which is behind the rise in the banking sector, has increased by 0.58 percent. Hong Kong's Hang Seng index .HSI lost 0.27 percent, while China's Shanghai composite index gained 0.15 percent. The US food and drug regulatory agency, the FDA, allowing the use of blood plasma in the coronavirus treatment process on Sunday was welcomed in global markets. In the USA, the S&P 500 .SPX index increased by 1 percent.

What's Happening in the Currency?

While the dollar, which has been depreciating for a long time, continues to decline, Asia's export-based currencies have started to rise. The reason for this was that during the trade talks between the USA and China, the parties' phone calls were perceived as a success. Although the tension between the two trade giants continued to rise after the coronavirus outbreak, investors began to think that the trade relations between the two could withstand this tension. The Australian dollar gained 0.2 percent in AUD = D3, while the Chinese yuan rose against CNH = the dollar, reaching 6,9007. Pressure on the dollar caused the euro to rise above the EUR = EBS $ 1.18 level in Asian markets, while the pound rose by GBP = 0 percent to 1.3102. The yen, one of the currencies seen as a safe haven, remained stable at 105.95 against the JPY = dollar.

Oil Prices Fluctuate

With the storms named Marco and Laura, which are expected to come to the Mexican Gulf coastline, and the coronavirus cases that are on the rise again in Asia and Europe, investors have expected a cut in oil production. This situation caused fluctuations in oil prices. Brent crude oil's closest futures barrel price LCOc1 increased by 0.2 percent to $ 45.22, while US light crude oil CLc1 fell by 0.2 percent to $ 42.53.

What's Happening in Gold Prices?

While the dollar continues to decline due to pressure on it, gold continues to rise. Investors have begun to wait for the speech of the Federal Reserve (Fed) Governor Jerome Powell to be delivered this week. The rise in stock markets also restricted the rise in gold. The ounce price of gold in the spot market rose to $ 1,935.88, gaining XAU = 0.2 percent. US gold futures GCv1 rose 0.1 percent to $ 1,941.60.