Global Markets Under Pressure Due to Rising Oil and Bond Yields
In international markets, US-Iran tensions and inflation concerns brought selling pressure to stocks and bonds, while Borsa İstanbul also experienced a decline.
While tensions between the US and Iran and inflation expectations triggered selling pressure in global stock and bond markets, the Borsa İstanbul BIST 100 index completed the day with a decline.
Latest Situation in Oil and Bond Markets
While tensions between the US and Iran increased volatility in oil markets, the barrel price of November Brent crude is trading at $107.6 with a 2.2 percent increase.
Concerns that potential inflationary pressures could lead the Fed to further rate hikes continue to affect bond markets.
Negative Trend in Global Stock Markets
While a negative course was observed in the New York stock exchange, the Dow Jones index lost 0.67 percent, the S&P 500 index 0.77 percent, and the Nasdaq index 0.92 percent.
While European stock exchanges exhibited a sell-weighted outlook, a generally negative picture was observed in Asian markets excluding China.
Developments in Borsa İstanbul
In Borsa İstanbul, the BIST 100 index completed the day by losing 2.38 percent to 12,592.76 points, and sales were also seen in domestic markets.
The US Dollar/TRY exchange rate, meanwhile, was traded at the 48.9969 level in the markets.
Financial System Statement from President Erdoğan
President Recep Tayyip Erdoğan made important evaluations regarding the fund investigation following the Cabinet Meeting.
Erdoğan emphasized that the problem in the fund market occurred in a limited section and that there is no systemic risk spread to the financial system.