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Risk Appetite Keeps Increasing

Published 10/03/2017, 02:07 AM
Updated 07/09/2023, 06:31 AM


** Global optimism continues in financial markets despite the terror attack in Las Vegas.
** The European markets managed to close in green are for the eighth straight days, which can not be said for the euro. Because of the referendum in Spain, euro depreciated against the US dollar.
** The Catalan referendum seems another political uncertainty for EU after BREXIT.
** In the US session, markets continued to their optimism per contra terrorist attack in Las Vegas.
The US economic data, which announced better than expected supported the US markets, US Dollar index and the 10-year US government bonds' yields.
** Parallel to the US markets and with the backing of the Australian Central Bank's rate decision, which kept the interest level at 1.5% level to maintain the economy in going, the Asian markets continued to gain more value.
** With the increased risk appetite, the 10-year Japanese government bonds' rates continued to its gains.
** Due to the global conditions, we are expecting a 0.40% positive opening in BIST 100.
** Turkish CPI data will be the main event of the day.
** We are also expecting the US dollar to continue to its gains parallel to the US data and yields.
** Statements of Powell from FOMC will be watched by global investors for the hints of the rate hike.
** However, investors should be cautious because markets came to its peak levels where the money goes back to its hometown.

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