Positive progress in the markets While global markets continue their positive course with positive news flow regarding the new type of coronavirus (Kovid-19) vaccine, today the balance of payments at home and the statements of European Central Bank (ECB) President Christine Lagarde abroad will be followed.
While the positive news flow regarding the Kovid-19 vaccine increased the sector-based divergences in the share markets, the decrease in the crude oil stocks announced in the USA, which was much higher than the estimates, caused the increase in oil prices to continue.
After the crude oil stocks in the USA remained far below expectations, Bren oil's barrel price, which exceeded $ 44, has gained approximately 16 percent since the beginning of November. The ounce price of gold, on the other hand, is still at the level of $ 1,880, even though it compensates some of its losses with reaction purchases yesterday, after declining from $ 1,965 to $ 1,850 with vaccine news at the beginning of the week.
American pharmaceutical company Pfizer and Turkish scientist Prof. Dr. Following the announcement 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, sector-based divergences draw attention.
Despite the increasing number of Kovid-19 cases and the measures taken, expectations that access to vaccines may be faster than anticipated, while strengthening purchases in sectors such as transportation, tourism, energy and finance, technology shares continue to decline with the effect of profit sales that increase their impact on historical peaks. .
Yesterday, the shares of Zoom, one of the US technology companies, lost 9 percent in the New York stock exchange, while Amazon's shares fell more than 3 percent and Facebook's shares fell more than 2 percent. With the depreciation of technology stocks, the Nasdaq index fell 1.37 percent and the S&P 500 index fell 0.14 percent. Dow Jones index, on the other hand, increased by 0.90 percent with the support of transportation shares.
On the European side, although Brexit uncertainty and Kovid-19 measures continued, stock markets maintained their upward trend yesterday with vaccine news and incentive expectations. The DAX index gained 0.51 percent in Germany, the FTSE 100 index increased by 1.79 percent in the UK and the CAC 40 index in France by 1.55 percent. The euro / dollar parity, on the other hand, was traded just above 1.18 yesterday, following the sharp decline of the previous day.
Analysts noted that yesterday the European Union (EU) institutions agreed on the 750 billion euro recovery program prepared to combat the economic consequences of the Kovid-19 outbreak and the budget of over 1 trillion euro, and that the incentive steps continue to support the markets.
Today, with the news that regulations will be implemented to eliminate some monopolistic practices in the technology sector in China, the price of Alibaba Group shares has lost about 9 percent and the price of Tencent Holdings shares has lost 5 percent.
Pay attention to the depreciation of technology stocks, with the purchases in the industry and service sector, the Shanghai composite index in China is just before the previous day's closing �