- The tax reform movement and "dovish" statements from Trump respited the US markets, which followed flat closing.
- The tax reform possibility is a win-win strategy for Trump and Wall Street. If it passes, it will be the first legislative action of Trump as a president. On the other hand, it will boost the corporate profits by cutting the tax, which can increase the GDP about %1.
- The tax reform and statement from Yellen, which supported the "rate-hike" possibility in December continued the uptrend of the US dollar index and the ten year US government bonds' yields.
- Due to the news flows on Trump about North Korea, which seems to ease the tension, and a statement from Yellen, the Asian markets managed flat/positive opening. However, the positive sentiment started to turn out as a negative trading, which USD/JPY hit to its 12 months highest point.
- There is uncertainty on the global financial markets where the course of the trend is an unknown. It is riskier than increasing risk level because global investors can price the risk where uncertainty can't be priced.
- Parallel to the Asian markets and news flow on the Northern Iraq referendum, a flat opening with negative sentiment is expected from BIST 100.
- The uptrend continuation of USD/TRY is expected to continue as the tax reform, and rate hike possibilities are increased.
- The news flow on Iraq and middle term plan for the Turkish economy, which will be announced today, are the main focus points of the investors.
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