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As the negative effects of coronavirus on the economy continue, depreciation in TL is increasing. Starting the day at 7.02, the dollar / TL continued to rise throughout the day and approached the 7.10 level. Thus, the record level of 7.24 seen in 2018 was slightly closer.
After world markets started the week with strong sales, a more positive trend in global stock markets follows today. Green screens dominate all European stock markets on the day that US futures. USA They trade at about 1 percent more. In Asia, the stock exchanges in Japan, China and South Korea are still closed today. Open Asian stock markets also closed at the gains.
ISTANBUL BORSA WAS OPEN, RETURN TO LESS
Despite the global increase, the Borsa Istanbul BIST 100 Index changed its direction to negative the day it started with buyers.
Borsa İstanbul accompanied the positive trend in world stock markets and started the day at 0.8 thousand plus 99 thousand 634 points. Sales in the next few hours moved the index to negative. The BIST 100 index was 98,320 points at 0.54 percent, at 12:45.
The dollar / TL exchange rate, which registered more than 7.05 yesterday, started to rise again after falling to 7.02 this morning. After the Central Bank’s swap limits were raised to 40 percent, the dollar / TL exchange rate rose to 7.0965 in the middle of the day with the accelerated rise. Euro / TL is changing hands at 7.67 levels.
THE RISE OF DOLLARS MAY CONTINUE
Yücel Tonguç Erbaş Bloomberg HT of Ahlatcı Yatırım commented: “There is a positive expectation with the start of normalization in the world after the virus has started, 100 attempts can be made again in the stock market. We still have expectations of negotiations of exchange in the dollar, we can see an increase in the currency from time to time. “
In the Işık FX note, “We see that on the trade side, activity continues at the 7.00 level in the new week. The uptrend may also increase, especially at this point, the 7.1000, 7.1400 and 7.2200 levels may be objective however support 7.0000, 6.9400 and 6.9000 on potential withdrawals To be able to talk about sales movement especially on the currency side we may have to see at least two days below 6.9000. evaluation.
BLOOMBERG: 500 MILLION DOLLARS SOLD
On the other hand, to curb depreciation in TL, it was claimed that state banks are selling dollars today.
According to the Bloomberg report, public banks tried to stop the rise in exchange rates by selling around $ 500 million.
EYES IN TREASURE TENDERS
Today, the Treasury will issue the first issuance of government bonds maturing in 2 years, fixed coupons, coupon payments in 6 months and government bonds maturing in 5 years, indexed by the IPC and coupon payments in 6 months.
The Ministry of Finance and Finance went to borrow 8 billion 834 million liras at the bond auction yesterday.
Improving demand prospects for the growing number of countries in Europe and Asia to reopen their economies and the entry into force of reduced OPEC + production increases oil prices in international markets. US crude, which rose above $ 20 yesterday, has approached $ 22 this morning. The barrel of brent oil, which continues its $ 30 journey, is trading above $ 28.
The spot price of spot gold moves horizontally around $ 1700.
WALL STREET IS IN THE PRIORITY OF TECHNOLOGICAL COMPANIES
The US stock markets USA They ended yesterday with an increase in purchases of shares of technology companies. The Dow Jones Index increased 0.1 percent to 23,749.76 points, while the S&P 500 Index increased 0.4 percent to 2,842.74 points and the Nasdaq Index increased 1.2 percent to 8,710.71 points.
