4,973.87 TL BIST 100 BIST 100
18.64 $ USD USD
€19.57 EUR EUR
10.83 TL Interest Interest
79.57 $ Fossil Oil Fossil Oil
3.80 $ Copper Copper
22.34 $ Silver Silver
108.64 $ Iron Ore Iron Ore
373.00 $ Ship Dismantling Ship Dismantling
1,061.54 TL Gold (gr) Gold (gr)

Tense expectations before Fed in global markets

Global markets held their breath. Although the Fed is expected to raise interest rates by 75 basis points, an increase of 100 basis points is not ignored. Global stock markets are falling before the Fed.

Tense expectations before Fed in global markets

The expectation that the Fed will take a strong tightening step in tonight's interest rate decision caused bond yields to rise in the US, while Wall Street Stocks fell on Tuesday.

The S&P 500 lost 1.13 percent and the Nasdaq 100 lost 0.85 percent. The S&P 500 index fell more than 10 percent from its peak in August.

US stock markets show a limited recovery trend in the first futures. The yield of 2-year bonds, which is the most sensitive to the Fed's interest rate decisions, is close to 4 percent.

The Bloomberg Dollar Index, which closed at 1.312.9 with an increase of 0.40 percent on Tuesday, is close to its record level. Stocks in Asia follow Tuesday's losses on Wall Street.

With an unannounced bond buying operation, the Bank of Japan (BOJ) tried to take measures against the upward pressures on bond yields before the interest rate decision tomorrow.

The Japanese yen, which fell 0.4% against the dollar on Tuesday, is holding its losses this morning. The Japanese Nikkei 225 index is also down 1.32 percent. Similarly, Hong Kong Hang Seng and China CSI 300 indices fell by 1.67 percent and 0.98 percent, respectively.

The rise of geopolitical tensions with the election decision of the administrations under the control of Russia in Ukraine also has an impact on the markets.

While the price of November wheat futures contracts traded on the Chicago Commodity Exchange increased by up to 5 percent, corn futures also rose. Continuing its limited rise since the beginning of the week, Dollar/TRY is above 18.30. Bitcoin is below $19k. Gold is near the lowest level in two years before the Fed decision.


No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Russia is preparing for a base price in oil

Wednesday, December 7, 2022

ArcelorMittal plant in Ukraine was hit by Russian missile attack!

Tuesday, December 6, 2022

Worldwide investment of 2.2 billion dollars in green construction technologies

Tuesday, December 6, 2022

Encouragement to green production from the German Minister of Economy

Tuesday, December 6, 2022

EU proposal for violation of sanctions against Russia

Monday, December 5, 2022
Follow List
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.

There are no news categories you follow
Edit Notification Preferences

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now