Markets rally was short: the latest on the dollar and below The rally, which started yesterday with the effect of news about the new type of coronavirus (Kovid-19) vaccine in global markets, left its place in the markets today. It started the day from 8,1840 liras in the free market and 9,6900 euros in euros.
Following the developments regarding the Kovid-19 vaccine and the victory of Joe Biden in the US presidential election, the share markets started the new week with a rally. Although profit sales were seen in technology stocks, very rapid increases were recorded in industry, service and financial sector stocks, while the price of gold ounce decreased, oil prices increased.
Yesterday, the American pharmaceutical company Pfizer and Turkish scientist Prof. Dr. It was announced that the potential vaccine developed by the German biotechnology company BioNTech, of which Uğur Şahin is a founding partner, is more than 90 percent effective against the virus.
After this development, the price of gold lost 4.4 percent and completed the day from 1.866 dollars, while the price of Brent oil increased by 6.2 percent to 42.3 dollars.
In the New York stock market, towards the end of the day that started with the rally, the Nasdaq index started to decline with the profit sales that increased especially in technology stocks. Dow Jones index gained 2.95 percent and S&P 500 index gained 1.17 percent, while Nasdaq index decreased by 1.53 percent. Thus, the S&P 500 index broke its highest level and closing records with yesterday's rise.
Analysts reported that the US Federal Reserve's (Fed) warning of a possible decline in asset prices may also limit purchases in stock markets. The Fed stated in its "Financial Stability Report", which was published yesterday and includes evaluations on the American financial system, "Given the high level of uncertainty associated with the pandemic, it is difficult to assess pricing pressures," In case investor risk sensitivity decreases or economic recovery weakens, asset prices are vulnerable remains. "statements used.
On the European side, very rapid increases were seen in the stock markets, while the euro / dollar parity fell by 0.5 percent to 1.1812. Following the news of vaccination yesterday, the DAX index gained 4.94 percent in Germany, the FTSE 100 index increased by 4.67 percent and the CAC 40 index in France gained 7.57 percent.
Noting that the markets are pricing positive expectations despite the Brexit uncertainty and the increasing number of cases in the Kovid-19 epidemic, analysts said that whether the profit sales expected to increase their effect today can be met and the ZEW indices to be announced will be followed.
Following the positive course of the US and European stock markets yesterday, a mixed trend is observed in the Asian markets today. According to the data announced in China, after the inflation remained below the expectations with 0.5 percent in October, the Shanghai composite index lost its value by 0.2 percent, while the Nikkei 225 index in Japan rose by 0.5 percent. The Kospi index in South Korea is flat, just above the previous closing level.