Global markets made a positive start to the week
Risk appetite, which had weakened due to US Federal Reserve policies and geopolitical concerns, gained strength at the beginning of the new week with hopes for diplomacy and US-China talks.
Risk appetite, which had weakened due to the US Federal Reserve's interest rate hikes and hawkish messages, gained strength at the beginning of the new week thanks to hopes for diplomacy, the United Nations Summit, and US-China talks. Global markets made a positive start to the week.
Global Markets and Diplomacy
The risk appetite that weakened due to the US Federal Reserve choosing interest rate hikes and delivering hawkish messages gained strength at the beginning of the new week with hopes for diplomacy.
While tensions in the Middle East and Ukraine keep energy supply concerns alive, all eyes have turned to the UN Summit and meetings between leaders.
Meeting of US and China Delegations
US and China economic delegations came together at JPMorgan Chase's headquarters in New York to discuss economic and trade issues.
Following the meeting chaired by Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, the parties addressed trade and artificial intelligence issues.
European Stock Markets and Geopolitical Risks
While European stock markets closed Friday in negative territory, energy prices, PMI data, and geopolitical risks are closely monitored in the region.
The intensification of conflicts in Ukraine and rising energy costs continue to pose risks for European economies.
Bullish Trend in Asian Markets
In Asian stock markets, positive signals regarding the talks to be held between the US and China and the drop in oil prices boosted risk appetite.
While Chinese President Xi Jinping is expected to visit the US, a bullish outlook prevailed in the regional indices.
Borsa İstanbul and Domestic Market Developments
While the BIST 100 index on Borsa İstanbul finished the previous day with a decline, the dollar/TRY traded at the opening of the interbank market.
With a Capital Markets Board decision, the liquidation period for investment funds was extended from a maximum of 3 months to 6 months, and President Erdoğan traveled to the US for the UN Summit.