USA's Inflation Outlook Affects Global Markets

Concerns about the ongoing inflation outlook and tightening debates in global markets continue to affect pricing.

USA’s inflation outlook affects global markets. Global markets started Monday with a mixed course, amid worries about stocks, sharp movements in cryptocurrencies, and the inflation outlook for the US. In Asia, Japanese stock markets diverged positively in the morning hours. Negative pricing is seen on the Hong Kong Hang Seng and South Korean Kospi indices. US futures, on the other hand, showed an upward opening. While the Bloomberg Dollar Index follows a horizontal trend, there are moderate movements in the currencies of developing countries against the dollar. Oil prices soared as the US showed signs of economic recovery and anticipated the imminent Iran nuclear deal. In the US crude oil contract in July, the barrel price increased by almost 1 percent. Brent oil, on the other hand, increased at the same rate, being bought and sold at the level of $ 67.

Fluctuation Continues in Cryptocurrencies

Developments in the cryptocurrency market also maintained their place in the global markets. The worrying fluctuation in cryptocurrencies continued over the weekend. BTC, which gained up to 8 percent with Elon Musk's last tweet on Saturday, fell 13 percent to $ 33,000 on Monday and remained below the 200-day moving average. Other popular altcoins Ethereum and Dogecoin also followed Bitcoin's movements, while cryptocurrencies recovered some of their Sunday losses on the first day of the week.