In his presentation of the semiannual Monetary Policy Report to the US Congress, Fed Chairman Jerome Powell stated that inflation was on a downward trend and that they continued to reduce the balance sheet size.
Powell also emphasized that clues about the Fed’s next monetary policy steps will emerge from inflation data and that investors will follow this data closely.
Analysts stated that risk appetite increased after Powell’s statements, and technology companies in particular increased. On the other hand, developments such as the fine-imposed on Citigroup and TSMC’s revenue increase also affected the markets.
| Presence | Price |
|---|---|
| Gold Ounce | $2,382 |
| Brent Oil | $85.3 |
In addition, the Nasdaq and S&P 500 indexes broke records on the New York Stock Exchange, while a positive trend was observed in European and Asian stock markets. In Japan, the Nikkei 225 index renewed its historical record, and the South Korean Central Bank did not change its policy rate.
Domestically, the BIST 100 index and the USD/TL exchange rate followed a fluctuating course. Today, intensive data agendas such as inflation in Germany and the US and growth data in the UK will be followed. Technically, the 10,700 and 10,600 levels in the BIST 100 index will be monitored as support, while the 10,800 and 10,900 levels will be monitored as resistance.
Data to Follow in Markets Today
- 09.00 Germany, June Consumer Price Index
- 09.00 UK May industrial production
- 09.00 England, May foreign trade balance
- 10.00 Türkiye, May retail sales
- 14.30 Türkiye, weekly money and banking statistics
- 15.30 US, June Consumer Price Index
- 15:30 US weekly jobless claims
- 21.00 US, June federal budget balance
