Markets Turn Eyes to Fed's Interest Rate Decision

Markets Turn Eyes to Fed's Interest Rate Decision

Global markets focused their attention on the interest rate decision and assessments of the Federal Reserve of the United States (Fed) President Jerome Powell, which will be announced today.  Discussions continue to continue with economic activity to surpass the number of Americans who died in the Vietnam War, exceeding 58.350, and exceeding the number of Americans who died in the coronavirus epidemic in the United States. Looking at the statistics released yesterday, the consumer confidence index in the USA fell 31.9 points to 86.9 levels in April, while it is below expectations, while the US growth data will be monitored in the first quarter. In the US, GDP is expected to drop 4 percent annually in the first quarter. On the other hand, due to the first quarter company scenarios announced, the increase in shares and sector-based activities became an issue. Yesterday Dow Jones index fell 0.13 percent, S&P 500 index 0.52 percent and Nasdaq index fell 1.40 percent. In Europe, there was a positive trend in the stock markets with news that the economy would gradually restart. Yesterday, DAX index gained 1.27 percent in Germany, FTSE 100 index 1.91 percent in England, CAC 40 index 1.43 percent in France and MIB 30 index 1.71 percent in Italy. The progress Europe will follow today will be the assessment of the international credit rating agency Fitch Ratings to Italy, announced yesterday at the closing of the markets. Fitch Ratings lowered Italy's credit rating from "BBB" to "BBB-" and determined the outlook as "stable". In Turkey, yesterday continued to rise to a 102,000 level BIST 100 index, declined by enhancing the impact of their sales profits at this level compared to the previous day closing down 0.55 percent to 100,707.48 was close to score. The dollar rate, on the other hand, continues its course at 6,9820 level after completing the second day of the week from 6,9871. Developments to be followed in the markets today: 10:00 Turkey, April economic sentiment index 12.00 Eurozone, consumer confidence index for April 15.00 Germany, April Consumer Price Index 15.30 US, Q1 GDP 17.00 US, residential sales waiting for March 21.00 USA, Fed interest rate decision