European and Asian exchanges have slowed, with Covid and the change of director of the Turkish central bank on the radar.

In the United States, the future indices have varied behavior in the morning of this Monday (22), after a week of losses.

In Europe, the Eurostoxx index, which includes shares of 600 European companies from the main sectors of 17 countries, fell 0.13%. Shares of companies in the travel and leisure markets are falling sharply, fearing that a third wave of coronavirus infections is reaching Europe.

Shares of IAG, the company that owns British Airways, fell 6.7%, while travel operator Tui lost 6.1%. On the other hand, Volkswagen and Porsche shares grew 4.2% and 3.8% respectively, after Deutsche Bank raised the target price for automakers’ shares.

In Europe, investors are also reacting to the decision of President Recep Tayyp Erdogan to replace the head of the country’s central bank, Naci Agbal, published on Saturday 20.

The change in the institution’s presidency was not anticipated, and came just days after a sharp rise in the benchmark interest rate, which Erdogan vehemently opposes.

Naci Agbal had taken office less than five months ago and had received praise from market players after raising benchmark interest rates by 8.75 percentage points to 19%, with the aim of stemming inflation.

Last Thursday (17), Agbal raised the rate by another 2 percentage points, again with the aim of curbing inflation and seeking to prevent the fall in the value of the Turkish lira, displeasing the president, who opposes the austere measures. It is the third time since mid-2019 that Erdogan has changed the president of the Central Bank.

The country’s Gazette announced that Erdogan had replaced him with Sahap Kavcioglu, a former banker who was a member of Parliament for Erdogan’s AKP party. Last month, he wrote an article in the Yeni Safak newspaper in which he stated: “Although rates are close to zero worldwide, opting for the rate hike for us will not solve the economic problems.”

After the change, the Turkish lira lost more than 10% in value at 7.95 Turkish liras per dollar.

The instability also affected the results of the Asian stock markets, which closed on Monday with mixed performance, after the drop in the value of the lira against the dollar.

In China, the one-year loan rate stood at 3,855; the five-year maturity rate remained at 4.65%. This is in line with the expectations of most traders and analysts heard by the international news agency Reuters.

In Japan, chipmaker Renesas Electronics fell 4.89% on Monday, after the company announced over the weekend that it will take at least a month to restart production at a factory that was damaged by fire on Friday ( 18).

The world market is already facing a shortage of chips, and the event also affected the shares of auto companies in Japan: Toyota shares fell 3.26%; those of Nissan, 3.7%; and Honda, 3.63%.

See the performance of the main indicators at 6:30 am (Brasilia time):
* S&P 500 Futures (US), -0.08%
* Nasdaq Future (US), + 0.52%
* Dow Jones Futures (US), + 0.3%
Europe
* Dax (Germany), -0.05%
* FTSE 100 (UK), -0.51%
* CAC 40 (France), -0.67%
* FTSE MIB (Italy), -0.1%
Asia
* Nikkei (Japan), -2.07% (closed)
* Hang Seng Index (Hong Kong), -0.36% (closed)
* Kospi (South Korea), -0.13% (closed)
* Shanghai SE (China), + 1.14% (closed)
Raw materials and bitcoin
* WTI oil, + 1.53%, at $ 60.9 a barrel
* Brent oil, -0.91%, at $ 60.86 a barrel
* Bitcoin, + 0.42%, a US $ 57,376.10
About the ore: ** Iron ore futures traded on the Dalian Stock Exchange fell 5.9%, trading at 1,004.5 yuan, equivalent to $ 160.16 today (in the last 24 hours).
USD / CNY = 6.51

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