Critical week in markets: Expectations for gold, oil, and the stock market
Experts state that oil prices exceeding 100 dollars affect global inflation and interest rates, and that a U-shaped recovery in Borsa İstanbul targets 14-15 thousand points.
While global markets turn their eyes to inflation data coming from the US and Europe, experts evaluated the effects of high oil prices and stock market expectations.
Global Markets Agenda and Inflation
While global markets focus on inflation data from the US and Europe on the first trading day of the week, energy prices and interest rate expectations are being closely monitored.
Impact of Oil Prices on the Global Economy
While the course of oil prices above 100 dollars creates pressure on the global economy, high energy costs increase inflation expectations and strengthen the risk of interest rates remaining high.
Outlook in Gold and Foreign Exchange Markets
It is stated that the rise in global interest rates creates pressure on asset prices, and this outlook is effective in keeping gold prices holding steady around the 4 thousand dollar levels.
U-Shaped Recovery Expectation in Borsa İstanbul
It is stated that there are signs of bottom formation in Borsa İstanbul, and unless new negative developments occur, seeing new bottom levels is not expected.
Year-End Stock Market Targets Announced
While it is emphasized that developments in November are important for Borsa İstanbul, the probability of the index reaching the 14 thousand-15 thousand point band towards the end of the year is seen as high.