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The Dow Jones Index gained 0.01 percent, the S&P 500 Index rose 0.49 percent and the Nasdaq Index gained 1.21 percent. The dollar index continued its fluctuating movement in the narrow band of 92.8 to 93.3.
Analysts claimed that the FOMC decision text, which was first made after the new monetary policy strategy announced by Fed Chairman Powell at the Jackson Hole meetings on August 27, was in focus. of investors.
At the Jackson Hole meeting, Powell explained that the Fed will now target average inflation of 2 percent, and by not setting a numerical target for employment, “maximum employment is a broad and inclusive target.” he had used the expression.
On the European side, although Brexit uncertainties continued, yesterday a positive trend was observed in the stock markets with the appetite for global risk. The DAX index gained 0.18 percent in Germany, the FTSE 100 index gained 1.32 percent in the United Kingdom and the CAC 40 index in France was up 0.32 percent.
Today, on the Asian side, while the foreign trade data announced in Japan is followed, a calm course is observed in the stock markets due to the decisions of the Fed. Although exports in Japan decreased by 14.8 percent in August Compared to the same month of the previous year, the fall lost momentum and was less than expected, which is why it is said that “the lowest point was seen.”
In Japan near the close, the Nikkei 225 Index gained 0.1 percent, the Shanghai Composite Index declined 0.3 percent in China and the Kospi Index declined 0.2 percent in South Korea.
The domestic BIST 100 index, which fluctuated yesterday in the 1.095-1.1120 band, completed the day at 1,111.24 points with an increase of 0.36 percent compared to the previous close. The dollar / TL close at 7.4918 is trading at the 7.4890 level at today’s interbank market opening.
Stating that the Fed’s interest rate decision and Powell’s subsequent remarks will be followed today, analysts said the news flow on geopolitical developments and the treatment of Kovid-19, especially in the eastern Mediterranean, continues being the center of the agenda.
Analysts asserted that the Fed is not expected to change interest rates, and that the verbal statements and directions that will change in the decision text will be determining in the direction of the markets, and that the BIST 100 index is technically at the level resistance of 1,120 and 1,090 points.
